Ancelotti Faces Tax Fraud Charges

The Provincial Prosecutor's Office of Madrid has requested four years and nine months of imprisonment for Carlo Ancelotti for defrauding the public treasury of 1,062,079 euros in the fiscal years 2014 (386,361 euros) and 2015 (675,718 euros). The representative of the Public Prosecutor's Office accuses him of two cases against the Public Treasury. Despite claiming to be a fiscal resident in Spain and stating that his residence was in Madrid, he only declared his work income from Real Madrid and omitted the income corresponding to the exploitation of his image rights, which he had transferred to other entities. The accusation maintains that Ancelotti signed a work contract as coach of Real Madrid on July 4, 2013, for the period between July 5, 2013, and June 30, 2016, specifying his remuneration for that period, in addition to the income from work, the income derived from the transfer of image rights to the club. It is also specified that from July 2013, the defendant began to work and reside in Spain, establishing as his habitual domicile and residence a property located in a central square of Madrid. However, when the coach prematurely ended his relationship with Real Madrid on May 25, 2015, he kept the house rented until October of that year, therefore, during 2015, Spain was his main center of personal relationships and economic interests.