The Spanish Public Prosecutors Office are seeking a four year and nine month prison sentence for Real Madrid manager Carlo Ancelotti for his alleged involvement in tax fraud. Ancelotti was charged in 2020 after being accused of failing to pay roughly €1million (£900,000) in taxes.
The Spanish Public Prosecutors Office are seeking a four year and nine month prison sentence for Real Madrid manager Carlo Ancelotti for his alleged involvement in tax fraud. Ancelotti was charged in 2020 after being accused of failing to pay roughly €1million in taxes. Spanish prosecutors said this was in relation to image rights earned during his time as Real Madrid manager in 2014 and 2015. Ancelotti is expected to dispute at least a portion of the charges against him.
The complaint stated that, in July 2013, Ancelotti allegedly sold his image rights for 10 years to an entity called Vapia Limited at a purchase price of €25million . A day later, Vapia Limited is said to have appointed the Italian as a proxy, “granting him the maximum powers of action to manage the image rights in exchange for the amount of one euro”. Ancelotti, 64, coached Madrid between 2013-2015 before returning to the club in 2021.
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