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

David Raya secures third consecutive Premier League Golden Glove

Arsenal goalkeeper David Raya has officially secured the Premier League Golden Glove award for the…

2 days ago

Police f@tally shoot son accused of stabbing disabled mom on Mother’s Day

Police f@tally shot a man who viciously stabbed his disabled mother yesterday, May 10, at…

2 days ago

Gunmen shoot man d£@d in his vehicle outside UNIBEN main gate (video)

A young man was f@tally shot by gunmen outside the main gate of the University…

2 days ago

6 people found de@d inside Texas railroad boxcar

Six bodies were mysteriously discovered inside a train boxcar in Laredo, Texas, on Sunday, May…

2 days ago

You people can do better – Actress, Sarah Martins chides AMVCA organizers for not giving Yul Edochie an award

Actress Sarah Martins has caused a stir on social media by slamming the organizers of…

2 days ago

Footage captures horrific moment man fatally pushes retired elderly teacher, 76, down NYC subway stairs

Disturbing footage captures the horrific moment a man pushed a beloved 76-year-old former teacher down…

2 days ago

This website uses cookies.