Real Madrid Coach Carlo Ancelotti Charged with Tax Fraud

Real Madrid Coach Carlo Ancelotti Charged with Tax Fraud

Real Madrid head coach Carlo Ancelotti has been charged with tax fraud by the Spanish government. The charges relate to image rights earnings that Ancelotti received while he was manager of Real Madrid between 2014 and 2015.

The Spanish prosecutor's office alleges that Ancelotti concealed revenues from his image rights in order to avoid paying taxes. The prosecutor's office estimates that Ancelotti owes the Spanish government €1 million (£904,000) in unpaid taxes.

Ancelotti has denied the charges, saying that he was not aware of any wrongdoing. He has said that he will cooperate with the investigation and that he is confident that he will be cleared of any wrongdoing.

The charges against Ancelotti are the latest in a series of tax fraud cases involving high-profile Spanish footballers and coaches. In recent years, Lionel Messi, Cristiano Ronaldo, and Jose Mourinho have all been accused of tax fraud.

The Spanish government has been cracking down on tax evasion in recent years. In 2017, the government launched a major investigation into tax evasion by footballers and coaches. The investigation led to the prosecution of several high-profile figures, including Messi and Ronaldo.

The charges against Ancelotti are a serious matter. If he is found guilty, he could face a prison sentence of up to five years. The case is still ongoing, and it is not clear when a verdict will be reached.
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