Real Madrid coach Ancelotti to face trial for alleged tax fraud
Real Madrid’s legendary coach Carlo Ancelotti will go on trial next week for allegedly failing to declare income to Spain’s tax office, the Madrid court which will hear the case said Friday.
Prosecutors are seeking a jail term of four years and nine months for the 65-year-old Italian, accusing him of having cost Spain’s treasury more than one million euros ($1.1 million) in undeclared earnings from image rights in 2014 and 2015.
The trial will begin on Wednesday and it is expected to last two days, a spokesman for the court said.
Ancelotti, who as a coach has won a record five Champions League trophies including three with Real, must be present for the hearings, he added.
Prosecutors accuse him of only declaring in his tax returns the personal remuneration received from Real Madrid during those two years even though he himself declared himself to be a tax resident in Spain and indicated his home was in Madrid.
They accuse Ancelotti of allegedly setting up a “confusing” and “complex” system of shell companies to hide his extra earnings from his image rights as well as from other sources such as real estate.
A Spanish court in 2023 ordered Ancelotti to stand trial over the affair, but did not set a date.
Ancelotti dismissed the affair last year as “an old story that I hope will be resolved soon” when he was asked about the case.
He took over at Real Madrid in 2013, leaving in May 2015, before being appointed at Bayern Munich the following year.
The former Italy international midfielder, who as a player won the European Cup twice with AC Milan, later managed Napoli and Everton before returning to Real Madrid in 2021.
Aside from his success in the Champions League he has won domestic league titles with Madrid and Milan, in England with Chelsea, in Germany with Bayern Munich and in France with Paris Saint-Germain.
AFP
