Spain Prosecutor Seeks Jail for Ancelotti over $1.1 mln in Unpaid Taxes

For allegedly evading taxes on image rights earnings of one million euros ($1.1 million) during his tenure as Real Madrid’s coach in 2014 and 2015, Carlo Ancelotti faces a four-year and nine-month jail sentence from a Spanish prosecutor.

The Italian was a tax resident in Spain at the time and filed his tax returns there, but he had failed to include the money he received from his image rights, according to a statement released by the prosecution on Wednesday.

When Real Madrid reached out to Ancelotti for comment, the coach returned in 2021, although he did not respond right away.

Ancelotti was charged by the prosecution with creating a false account to transfer his image rights to non-existent companies outside of Spain in order to

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Sydney Okafor

I am so passionate about this my profession as a broadcast journalist and voiceover artists and presently a reporter at TV360 Nigeria

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