Carlo Ancelotti received a suspended prison sentence of one year for tax fraud while managing Real Madrid in 2014. A Madrid court imposed a fine of 386,000 euros after state prosecutors accused him of defrauding the Spanish government of 1 million euros in 2014 and 2015. As a first-time offender with no criminal record, Ancelotti will not serve jail time. Prosecutors allege that he concealed earnings using shell companies, including one in the Virgin Islands. Ancelotti joins other notable figures from football under investigation for tax offenses in Spain.
A Spanish court sentenced Brazil coach Carlo Ancelotti to a one-year suspended prison term for tax fraud when he was Real Madrid manager in 2014.
Ancelotti was fined 386,000 euros for defrauding the state of 1 million euros in 2014 and 2015.
The Italian coach will not serve jail time due to a suspended sentence of less than two years and having no criminal record.
Ancelotti is the latest in a line of major football figures facing scrutiny over unpaid taxes under Spanish authorities.
Collection
[
|
...
]