Accusations of Tax Evasion Surface Against Real Madrid’s Manager Carlo Ancelotti – Sky Bulletin

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Authorities in Spain have leveled accusations of tax fraud against the manager of Real Madrid, Carlo Ancelotti. He is alleged to have used complex business structures to conceal earnings from his time coaching the team several years ago.

The state prosecutors’ allegations made public on Wednesday pinpoint Ancelotti for two instances of tax evasion which, if proven, could lead to a prison sentence of almost five years. The case focuses on the claim that Ancelotti, during 2014 and 2015, declared income solely from his salary with Real Madrid, while not disclosing revenue generated from his image rights.

This purported tax evasion involved the use of shell corporations, established outside of Spain, which apparently conducted no significant business, thereby eluding Spanish tax liabilities on substantial income earned both within and outside the nation, prosecutors explained.

Ancelotti’s tenure with Real Madrid spanned from 2013 to 2015, and he returned to the club’s management in 2021. Over his career, Ancelotti has garnered a reputation as one of the football world’s most accomplished managers. His record includes winning the Champions League four times—twice with Real Madrid and twice with AC Milan—and securing league titles across five different countries: England, Spain, Italy, Germany, and France.

Ancelotti is among several high-profile figures in football who have been subjected to tax scrutiny by Spanish officials. Yet, to date, none have served actual prison time.

Jose Mourinho, formerly managing Madrid, settled a tax fraud case in 2019 with a one-year suspended sentence after admitting guilt. High-profile players such as Lionel Messi and Cristiano Ronaldo have faced similar charges regarding the concealment of image rights income through foreign entities. Ronaldo consented to a substantial fine of nearly 19 million euros (close to $21.6 million at the time) in 2019 and received a suspended two-year sentence.

Messi and his father were convicted of evading 4.1 million euros (approximately $4.6 million) in taxes, avoiding jail through the payment of significant fines. In Spain, a judge can waive incarceration for sentences under two years for first-time offenders.

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FAQs about Carlo Ancelotti’s Alleged Tax Fraud

  1. What is Carlo Ancelotti accused of?
    Carlo Ancelotti is accused of tax fraud, specifically of using shell companies to hide income from image rights while only declaring the income from his Real Madrid salary.
  2. What are the potential consequences if Ancelotti is found guilty?
    If found guilty, Ancelotti could face nearly five years in prison.
  3. Have other football personalities been accused of similar tax fraud in Spain?
    Yes, other big names in football like Jose Mourinho, Lionel Messi, and Cristiano Ronaldo have faced similar accusations in Spain.
  4. Did Ancelotti serve the full term of his first contract with Real Madrid?
    Ancelotti coached Real Madrid from 2013 to 2015, and after a stint with other clubs, he returned to Madrid in 2021.
  5. Can tax evasion sentences be suspended in Spain?
    Yes, in Spain, sentences of less than two years for first-time offenders can be suspended by a judge.

Conclusion

The case against Carlo Ancelotti adds another chapter to the ongoing narrative of tax evasion issues within the football world in Spain. As with previous instances involving high-profile football personalities, the outcome often involves settlements or suspended sentences rather than actual jail time. Ancelotti’s situation serves as another significant example of the Spanish authorities’ commitment to pursuing tax law breaches, regardless of the individual’s standing in the sport. However, the results thus far suggest a precedent of financial recompense taking precedence over prison sentences, particularly for first-time offenders.



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