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Prosecutors in Spain have escalated legal action against Real Madrid manager Carlo Ancelotti, seeking a staggering four years and nine months of imprisonment on charges of tax evasion amounting to approximately one million euros (£854,000). The allegations trace back to Ancelotti’s tenure at Real Madrid during the 2014-15 season and revolve around purported efforts to conceal additional earnings derived from image rights revenues.
The Madrid Community Prosecutor’s office has accused the esteemed Italian manager of orchestrating a convoluted network of shell companies, aiming to obfuscate his supplementary income. Ancelotti, who rejoined Real Madrid in 2021, finds himself embroiled in legal turmoil as authorities scrutinize his financial dealings.
According to reports from Reuters and AFP, Ancelotti faces two counts of tax fraud, with prosecutors denouncing his purported creation of a “confusing” and “complex” framework to evade tax obligations. The prosecution contends that Ancelotti, despite declaring himself a tax resident in Spain, selectively disclosed only his personal remuneration from Real Madrid, while allegedly manipulating the transfer of his image rights to entities with dubious legitimacy outside of Spain.
The 64-year-old football luminary, renowned for his managerial prowess across Europe’s top leagues, stands accused of engaging in deceptive practices to evade taxation. Ancelotti’s legal entanglement underscores the heightened scrutiny surrounding financial transparency in the realm of professional sports.
Notably, Spain has taken a stringent stance against tax evasion in recent years, targeting prominent athletes and celebrities. The high-profile cases involving football icons such as Lionel Messi and Cristiano Ronaldo serve as stark reminders of the legal ramifications associated with fiscal misconduct.
