Spanish state prosecutors have leveled accusations of tax fraud against Real Madrid coach Carlo Ancelotti, alleging that he utilized shell companies to conceal portions of his income during his initial tenure at the club a decade ago. The prosecutors claim that Ancelotti is facing charges of two counts of tax fraud, which could result in a sentence of four years and nine months in prison. It is alleged that the Italian coach failed to declare his income from image rights, defrauding 1 million euros in 2014 and 2015 by only reporting the income received from Real Madrid.
The prosecutors assert that Ancelotti established a complex network of shell companies to obscure his additional earnings. These companies, purportedly lacking genuine activity, were based outside Spain to evade taxes on substantial sums earned both within and outside the country. Ancelotti, aged 64, previously coached Real Madrid from 2013 to 2015 before returning to the club in 2021.
