Real Madrid manager Carlo Ancelotti testified in a Spanish court regarding tax evasion charges, where he denied any intention to commit fraud. The charges stem from allegations that he failed to pay €1 million (£830,000) in taxes on his salary during his first stint as Real Madrid’s manager from 2013 to 2015.
Ancelotti, who returned to Real Madrid for a second term in 2021, was accused of only declaring taxes on his salary and omitting income from image rights. Prosecutors are seeking a four-year and nine-month prison sentence for Ancelotti, along with a fine of €3.2 million (£2.7 million).
Ancelotti defended himself in court, explaining that he had always believed his financial affairs were in order, as he relied on his financial advisors to manage the structure of his net salary. He added that he was offered a net salary of €6 million (£5.1 million) by Real Madrid, which he thought was standard practice at the time.
The Italian manager also pointed out that, unlike players, image rights were not as relevant for coaches, since they do not generate revenue from merchandise like jerseys.
Ancelotti’s case follows a string of similar high-profile tax evasion cases in Spanish football. Barcelona's Lionel Messi was fined €252,000 in 2017 after a 21-month prison sentence was initially handed down.
Additionally, Cristiano Ronaldo settled a tax case in 2019 with a €18.8 million fine, while José Mourinho was fined €2.2 million for tax-related charges during his tenure as Real Madrid’s manager from 2011 to 2012.
ADD A COMMENT :