MADRID (AP) – A Spanish court on Wednesday sentenced Brazil coach Carlo Ancelotti to a one-year prison term for tax fraud when he was Real Madrid manager in 2014.
Brazil coach Carlo Ancelotti sentenced to one-year jail term in Spain over tax fraud
MADRID (AP) – A Spanish court on Wednesday sentenced Brazil coach Carlo Ancelotti to a one-year prison term for tax fraud when he was Real Madrid manager in 2014.
The Madrid court also fined Ancelotti €386,000 ($452,187).
Spanish prosecutors accused Ancelotti of defrauding the state of 1 million euros ($1 million) in 2014 and 2015. State prosecutors sought a prison sentence of up to four years and nine months on two counts of tax fraud.
In March 2024, they accused Ancelotti of having used shell companies to hide his true earnings. Prosecutors claimed Ancelotti, for example, used one company that lacked “any real (economic) activity” in the Virgin Islands as part of an alleged scheme.