Spanish Prosecutors Probe Carlo Ancelotti For Possible Tax Fraud

Femi Onasanya By Femi Onasanya - Sports Reporter
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Spanish prosecutors have requested a jail sentence of four years and nine months for Real Madrid coach Carlo Ancelotti for allegedly not reporting his earnings to the tax office.

The Madrid state prosecutor’s office claims that the 64-year-old Italian did not declare over one million euros in earnings from image rights in 2014 and 2015.

“Although he himself declared himself to be a tax resident in Spain and indicated that his home was in Madrid, he only declared in his tax returns the personal remuneration received from Real Madrid,” the tax office said in a statement.

They accuse Ancelotti of using a complex system of shell companies to conceal his additional income.

A Spanish court has ordered Ancelotti to stand trial, but a date has not been set yet.

Ancelotti joined Real Madrid in 2013, left in May 2015, then went on to coach Bayern Munich, Napoli, and Everton before returning to Real Madrid in 2021.

He recently extended his contract with Real Madrid until June 2026.

Ancelotti is considered one of the greatest coaches in history, having won the Champions League four times and domestic league titles in various countries.

Real Madrid faced RB Leipzig in a Champions League match, with Ancelotti’s team drawing 1-1 and winning 2-1 on aggregate.

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By Femi Onasanya Sports Reporter
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Femi is a sport enthusiast, writer and commentator. Passionate about Sports and physical therapy with a flair for writing.