Spanish prosecutors have accused Real Madrid manager Carlo Ancelotti of alleged tax fraud during his first spell at the club, claiming he used shell companies to hide some of his earnings.
Spanish prosecutors have accused Real Madrid manager Carlo Ancelotti of alleged tax fraud, alleging he used shell companies to hide some of his income during his first spell at the club a decade ago.
The prosecutor’s office said in a statement that it was charging Ancelotti with two cases of tax fraud that would be punishable by four years and nine months in prison. Spanish magistrates accused the Italian coach of defrauding 1 million euros in 2014 and 2015.
The Prosecutor’s Office claims that in that period Ancelotti only declared the income received from Real Madrid and did not declare the income deriving from image rights. They accused him of creating a “confusing” system of shell companies to hide his extra earnings.
The 64-year-old Ancelotti coached Real Madrid from 2013 to 2015 before rejoining the club in 2021. He is one of the most successful managers in contemporary football.
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2024-03-18 22:56:42