Importance Score:
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Carlo Ancelotti Denies Tax Fraud Allegations in Madrid Court
Real Madrid manager Carlo Ancelotti has vehemently denied allegations of tax fraud during a court appearance in Spain. The esteemed football coach testified that he “never thought about committing fraud” as he addressed charges of tax evasion related to his earnings during his first tenure with the Spanish club.
Tax Evasion Charges Detailed
The prosecution accuses the former Chelsea and Everton boss of failing to remit approximately 1 million euros (£830,000) in taxes. These unpaid taxes allegedly stem from his Real Madrid salary between 2013 and 2015, the period of his initial management role at the Santiago Bernabéu Stadium.
Second Real Madrid Stint
Ancelotti commenced his second period as manager of Real Madrid in 2021, further solidifying his long-term association with the club.
Potential Penalties
Prosecutors are pursuing a prison sentence of four years and nine months for the Italian manager, alongside a substantial fine amounting to 3.2 million euros (£2.7 million) if found guilty.
Income Declaration Discrepancies
The core of the accusation revolves around claims that Ancelotti only declared earnings from his Real Madrid salary. He is alleged to have omitted income derived from image rights in his tax declarations submitted to the Spanish authorities.
Ancelotti’s Defence
“For me, everything was in order,” Ancelotti declared to the Provincial Court of Madrid, maintaining his innocence and asserting that he believed his tax obligations were fully met.
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