Prosecutors seek 4 years and 9 months in jail for Ancelotti for alleged tax evasion

The Madrid Prosecutor's Office is requesting 4 years and 9 months in prison for Real Madrid coach Carlo Ancelotti for allegedly having defrauded the Treasury of more than 1 million euros in the tax years of 2014 (386,361 euros) and 2015 (675,718 euros).

As reported by the Public Prosecutor's Office this Wednesday, the Prosecutor's Office charges him with 2 crimes against the Public Treasury, since despite the fact that Ancelotti claimed that he was resident in Spain for tax purposes and reflected that his domicile was in Madrid, he only recorded in his income tax returns the personal work remuneration received from Real Madrid and omitted the performance corresponding to the exploitation of his image rights that he had assigned to other entities.

In its brief, the Prosecutor's Office emphasizes that "in order to avoid taxation on the income from such image rights", both those received by Real Madrid and other brands for various events, the coach resorted to a "complex" and "confusing" network of trusts and companies to channel the collection of image rights.

It is not the first time that big names in the world of football have been involved in cases of possible tax fraud. However, despite the fact that in most cases a prison sentence is requested, in case of being found guilty, it is usually solved with a financial fine.

 

March 6, 2024