Real Madrid’s head coach, Carlo Ancelotti, is scheduled to undergo judicial proceedings next week due to allegations of failing to report income to the Spanish tax authority, as indicated by the Madrid court responsible for adjudicating the matter on Friday.
Prosecutors are advocating for a custodial sentence of four years and nine months for the 65-year-old Italian national, contending that he has caused a detriment to the Spanish treasury exceeding one million euros ($1.1 million) in unreported income derived from image rights during the years 2014 and 2015.
The judicial process is set to commence on Wednesday, with an anticipated duration of two days, according to a spokesperson for the court.
Ancelotti, who has achieved the unprecedented feat of securing five Champions League titles as a coach, three of which were won with Real Madrid, is required to attend the hearings, as per the spokesperson’s statement.
Prosecutors allege that he exclusively reported in his tax declarations the remuneration received from Real Madrid for the aforementioned two-year period, despite having declared himself a tax resident in Spain and indicating his residence to be in Madrid.
They further accuse Ancelotti of purportedly establishing a “confusing” and “complex” network of shell corporations to obscure his additional earnings from image rights, as well as from other revenue sources, such as real estate ventures.
According to prosecutors, he generated 1.24 million euros in 2014 from the commercialization of his image rights and 2.96 million euros in 2015.
In 2023, a Spanish court mandated Ancelotti to face trial in connection with this matter, although a specific date for the proceedings was not established.
Last year, he characterized the situation as “an old story that I hope will be resolved soon” when queried about the ongoing case.
He assumed the managerial position at Real Madrid in 2013, departing in May 2015, prior to his subsequent appointment by Bayern Munich the following year.
