News

Carlo Ancelotti sentenced to prison

Spread the love

A Spanish court has sentenced former Real Madrid manager and current head coach of Brazil’s national football team, Carlo Ancelotti, to one year in prison for tax fraud committed during his time in Spain.

The charges stem from Ancelotti’s first stint with Real Madrid in 2014, during which he allegedly failed to declare more than €386,000 in income derived from image rights. Prosecutors had originally pushed for a prison sentence of nearly five years, but the court ultimately handed down a reduced sentence of one year, citing mitigating factors.

In addition to the prison term, Ancelotti was fined €386,361 and banned from receiving public subsidies or tax-related benefits for a three-year period. However, under Spanish law, first-time, non-violent offenders receiving sentences of less than two years typically avoid serving actual jail time, making it unlikely that the 66-year-old coach will be incarcerated.

The court concluded that Ancelotti had used a network of offshore entities to conceal portions of his income, a method seen by authorities as an attempt to evade taxes. Despite the conviction, Ancelotti has denied any intent to defraud, arguing that his financial affairs were managed by advisors associated with Real Madrid and that such arrangements were common practice in professional football at the time.

While Ancelotti was found guilty of tax fraud for the 2014 fiscal year, the court dismissed similar accusations relating to 2015 due to insufficient evidence. The court also acknowledged that Ancelotti repaid the full amount owed by late 2021, a factor that contributed to the reduced sentence.

This case is part of a wider campaign by Spanish tax authorities aimed at cracking down on tax evasion within the football industry, particularly among high-profile figures associated with La Liga.

Fidel Perez

Recent Posts

WAFCON 2026: CAF announce new ways to watch in Africa and worldwide

CAF Confirms Global Broadcast Partners for WAFCON 2026, Expands YouTube Streaming The Confederation of African…

5 days ago

Tems leads ‘Children of Blood and Bone’ soundtrack as Ayra Starr, BNXN, Fireboy join

Tems to Executive Produce Children of Blood and Bone Soundtrack, Joined by Ayra Starr, BNXN,…

5 days ago

2027: Peter Obi’s business is to export job and import unemployment to the country. He can’t be president — Oshiomhole

Edo North Senator, Adams Oshiomhole, has downplayed the presidential candidate of the Nigeria Democratic Congress…

5 days ago

Comedian Deeone drags singer Davido for not attending his friend, Soso Soberekon’s wedding or congratulating him on social media

Comedian Deeone has called out Afrobeats superstar Davido for failing to attend the wedding of…

5 days ago

Missing Corps member found d3ad under mysterious circumstances in Bayelsa community

A National Youth Service Corps (NYSC) member serving in Nembe Local Government Area of Bayelsa…

5 days ago

Sokoto Hisbah bans marriage introduction gifts and DJs at weddings

The Sokoto State Hisbah Board has announced a ban on a number of practices associated…

5 days ago

This website uses cookies.