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Real Madrid coach Ancelotti goes on trial in Spain for tax evasion

Cover Image for Real Madrid coach Ancelotti goes on trial in Spain for tax evasion

The prosecutor is seeking a prison term of four years and nine months for Carlo Ancelotti, who is accused of failing to pay US$1.08 million in tax on image rights revenue.

MADRID: Real Madrid coach Carlo Ancelotti told a Spanish court on Wednesday he had believed his tax affairs were legal as he testified in a trial in which he is accused of failing to pay €1 million (US$1.08 million) in tax on image rights revenue.

“For me, everything was in order,” Ancelotti said. “I never thought about committing fraud.”

Taking the stand on the first day of the trial, the Italian said that when joining the Spanish team, he had been offered a net salary of €6 million and had left it up to the club and his British adviser how that was structured.

Tags:accused of failing to pay €1 million in taxbelieved tax affairs were legalCarlo Ancelottiimage rights revenueprison term of four years and nine monthsReal Madrid coachSpanish courttwo counts of tax evasion in 2014 and 2015€3.2 million fine


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