Spanish prosecutors accuse Real Madrid manager Carlo Ancelotti of tax fraud

According to Relevo, Real Madrid manager Carlo Ancelotti could face almost five years in prison for defrauding the tax authorities. The Public Prosecutor’s Office chargers him with two offences related to the non-declaration in Spain of his image rights, during his first stint at the club.

Subsequently, the Madrid Provincial Prosecutor’s Office has requested four years and nine months in prison for the Italian for defrauding the tax authorities of more than €1m in 2014 and 2015. Ancelotti, who claimed to be a resident in Spain for tax purposes and stated that his address was in Madrid, only recorded in his tax returns the funds he received for personal work from the club and didn’t declare the income he had coming in from image rights assigned to other entities.

Therefore, the Public Prosecutor’s Office chargers him with two offences against the tax authorities.

Ancelotti joined Los Blancos on 4 July 2013 and was relieved of his duties on 25 May 2015. During this period, the head-coach rented his home in a central Madrid until October of that year, so during 2015 Spain remained “his main centre of personal relations and economic interests”.

Rajan Sangha | GSFN

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