Former Real Madrid Coach Carlo Ancelotti Guilty In Tax Fraud Case, Sentenced To One Year In Prison
The post Former Real Madrid Coach Carlo Ancelotti Guilty In Tax Fraud Case, Sentenced To One Year In Prison appeared on BitcoinEthereumNews.com. MADRID, SPAIN – NOVEMBER 05: Carlo Ancelotti, Head Coach of Real Madrid, looks on during the UEFA Champions League 2024/25 League Phase MD4 match between Real Madrid C.F. and AC Milan at Estadio Santiago Bernabeu on November 05, 2024 in Madrid, Spain. (Photo by Michael Regan – UEFA/UEFA via Getty Images) UEFA via Getty Images Former Real Madrid coach Carlo Ancelotti has been sentenced to one year in prison and will pay a hefty fine after being found guilty of tax fraud. He had been accused of failing to pay over a million euros (US$1.1 million) in Spanish taxes related to image rights. Image rights—the right to use your name, image, voice, and other characteristics personal to you—can be valuable. Ancelotti was acquitted on similar charges related to the 2015 tax year. That was the year Ancelotti moved to London mid-year, following his first stint as coach with Real Madrid which began in 2013. The break likely meant that Ancelotti didn’t meet Spain’s residency requirement for the year. Ancelotti returned to Madrid in 2021 and stayed through the first part of 2025, when he left Los Blancos again—this time, voluntarily, to coach the Brazil national team. Prosecutors had originally sought nearly five years in prison for the two counts of tax evasion. Ancelotti only received a one-year sentence, which means he won’t likely spend any time in prison. In Spain, those who receive a light prison sentence do not usually serve time unless the offense involves a violent crime or if the defendant is a habitual offender. Typically, a light sentence is one of two years or less, meaning he will only serve probation. In addition to the prison sentence, Ancelotti will be required to pay a fine of €386,361 (approximately US$452,973). Carlo Ancelotti As Player, Manager And Tax Evader…
The post Former Real Madrid Coach Carlo Ancelotti Guilty In Tax Fraud Case, Sentenced To One Year In Prison appeared on BitcoinEthereumNews.com.
MADRID, SPAIN – NOVEMBER 05: Carlo Ancelotti, Head Coach of Real Madrid, looks on during the UEFA Champions League 2024/25 League Phase MD4 match between Real Madrid C.F. and AC Milan at Estadio Santiago Bernabeu on November 05, 2024 in Madrid, Spain. (Photo by Michael Regan – UEFA/UEFA via Getty Images) UEFA via Getty Images Former Real Madrid coach Carlo Ancelotti has been sentenced to one year in prison and will pay a hefty fine after being found guilty of tax fraud. He had been accused of failing to pay over a million euros (US$1.1 million) in Spanish taxes related to image rights. Image rights—the right to use your name, image, voice, and other characteristics personal to you—can be valuable. Ancelotti was acquitted on similar charges related to the 2015 tax year. That was the year Ancelotti moved to London mid-year, following his first stint as coach with Real Madrid which began in 2013. The break likely meant that Ancelotti didn’t meet Spain’s residency requirement for the year. Ancelotti returned to Madrid in 2021 and stayed through the first part of 2025, when he left Los Blancos again—this time, voluntarily, to coach the Brazil national team. Prosecutors had originally sought nearly five years in prison for the two counts of tax evasion. Ancelotti only received a one-year sentence, which means he won’t likely spend any time in prison. In Spain, those who receive a light prison sentence do not usually serve time unless the offense involves a violent crime or if the defendant is a habitual offender. Typically, a light sentence is one of two years or less, meaning he will only serve probation. In addition to the prison sentence, Ancelotti will be required to pay a fine of €386,361 (approximately US$452,973). Carlo Ancelotti As Player, Manager And Tax Evader…
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