Carlo Ancelotti could face four years and nine months prison sentence over alleged £900,000 tax fraud
CARLO ANCELOTTI could face a lengthy prison sentence after being accused of tax fraud worth £900,000.
Prosecutors in Spain allege that Real Madrid boss Ancelotti failed to declare income relating to image rights in 2014 and 2015.
He faces two charges against the Public Treasury, going back to his first spell with Los Blancos.
According to Marca, Ancelotti is claimed to have only declared income received by Real Madrid during that time.
He is accused of creating a “confusing” and “complex” network of shell companies to hide his earnings from image rights, which amounted to £3.5million.
Ancelotti was hired by Real on July 5, 2013, and was handed a three-year contract until June 30, 2016 while registering as a tax resident in Spain.
He was fired by Los Blancos on May 25, 2015, but continued to rent his Madrid home until October that year.
It meant Spain continued to be Ancelotti’s “main centre of personal relationships and economic interests” in 2015, according to Relevo.
A document added: “He thus pursued the opacity to the Spanish Public Treasury and the concealment of the real beneficiary of the income from his image rights, so that neither he himself nor any of said companies would have to pay taxes on the large amounts received in Spain or abroad.”
Ancelotti has not responded to the accusations.
The former AC Milan and Chelsea boss won the Champions League during his first spell with Real Madrid.
He was let go after failing to win the LaLiga title and ended up joining Bayern Munich in 2016.
Ancelotti then had spells at Napoli and Everton before returning to Real in 2021, where he has since won another Champions League and a coveted LaLiga title.
Real look on course for another domestic triumph after moving seven points clear of Girona.
And they can book their place in the last-16 of Europe against RB Leizpig tonight.