An alarming story surrounding Real Madrid head coach Carlo Ancelotti has come to the fore on Wednesday afternoon.
This comes amid confirmation that The Spanish Public Prosecutors Office have called for the Italian to be sentenced to a lengthy spell behind bars.
The info comes courtesy of The Athletic’s Guillermo Rai, who points towards Ancelotti’s prior charges for tax fraud as having returned to the fore in a major way.
Back in 2020, the now-64-year-old was charged for failing to declare a sum in the region of €1 million to the Spanish government.
The taxes in question came in relation to image rights earned whilst in charge of Real Madrid between 2014 and 2015.
As per The Athletic’s report:
‘According to the Prosecutor’s Office, Ancelotti’s tax declarations showed negative balances due to omitted income from image rights exploitation, resulting in tax refunds. The total loss suffered by the Spanish Treasury, including omitted real estate properties abroad, is estimated at €1.06m (£907,000).’
A prison sentence of four years and nine months, as a result, is being sought by the Prosecutor’s Office.
Conor Laird | GSFN
