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Tax Fraud: Spanish Prosecutor Seeks Jail Time For Real Madrid Manager, Carlo Ancelotti
Spanish prosecutors have accused Real Madrid manager Carlo Ancelotti of tax fraud. They allege that he failed to declare earnings of 1 million euros to the tax office.
This accusation has led to prosecutors calling for a prison sentence of four years and’ nine months for the Real Madrid coach.
The accusations against Ancelotti revolve around his alleged manipulation of image rights earnings, which were not reported to the Spanish treasury in 2014 and’ 2015.
Prosecutors claim that Ancelotti employed a complex network of shell companies to conceal these additional earnings, implying deliberate tax evasion.
This development is particularly attracting attention given Ancelotti’s esteemed status in the world of football. As the only coach to have secured the Champions League title four times, twice with Real Madrid and’ twice with AC Milan, Ancelotti’s legacy is now overshadowed by’ these legal proceedings.
The case of Ancelotti is not the first incident in the world of Spanish football. High-profile figures like former Real Madrid coach Jose Mourinho, as well as star players Lionel Messi & Cristiano Ronaldo, have also faced legal repercussions for tax-related issues in Spain.
This trend emphasized the increasing study & enforcement actions targeting tax evasion in sports.
