Carlo Ancelotti Testifies in Tax Evasion Case, Denies Fraud Allegations
Real Madrid's Carlo Ancelotti claims his tax affairs were legal as he faces charges of failing to report over €1M in image rights revenue.
Overview
Carlo Ancelotti, the manager of Real Madrid, testified in a Spanish court regarding allegations of tax evasion, asserting he thought all financial matters were legal. Prosecutors accuse him of failing to declare income from image rights, seeking a prison sentence of four years and nine months along with a fine of €3.2 million. He stated he left financial matters to his advisers and believed his salary structure was common practice. Ancelotti's case follows a trend of scrutiny faced by football figures regarding tax compliance in Spain.
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Analysis
- Carlo Ancelotti insists he believed he handled his financial matters correctly and never considered committing fraud.
- He claims pressure from advisers and the club led him to focus only on his salary, omitting image rights income in tax returns.
- Ancelotti's case is among several high-profile investigations into tax evasion by football figures in Spain, highlighting a recurrent issue.
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FAQ
Carlo Ancelotti is accused of defrauding the Spanish state of over €1 million by not declaring income from image rights in 2014 and 2015. Prosecutors allege he used shell companies to conceal his earnings.
If found guilty, Ancelotti could face a prison sentence of up to four years and nine months, along with a fine of €3.2 million.
Ancelotti's case is part of a trend where several high-profile football figures in Spain have faced tax evasion charges. Others include Cristiano Ronaldo, Lionel Messi, and José Mourinho, who have also been accused of using shell companies to hide income.
Ancelotti has denied any wrongdoing, stating that he never thought about committing fraud and believed his financial affairs were in order. He previously admitted to underpaying taxes but blamed errors by his accountants.
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