Real Madrid coach Carlo Ancelotti is facing a 4-year jail sentence in Spanish prison for allegedly failing to declare earning of 1 million Euros in his tax returns.
Prosecutors said in a statement Wednesday that they are accusing Ancelotti of two accounts of tax fraud that would be punishable with four years and nine months of prison.
They accused the Italian coach of having defrauded 1 million euros in 2014 and 2015 by only declaring the income he received from Real Madrid while omitting his income from image rights.
The Madrid state prosecutor’s office has accused the 64-year-old Italian of allegedly setting up a “confusing” system of shell companies to hide his extra earnings.
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Ancelotti coached Madrid from 2013-15 before rejoining the club in 2021.
Former Madrid coach Jose Mourinho received a one-year suspended sentence after reaching a guilty plea for tax fraud in 2019. Star players Lionel Messi and Cristiano Ronaldo have also been found guilty of tax fraud in Spain.
