Real Madrid’s head coach Carlo Ancelotti has been accused of alleged tax fraud by the Spanish state prosecutors over claims that he hid his income during his first stint at the club which was from 2013-2015.
The prosecutors claimed that the Italian manager used shell companies to hide his income during his maiden spell at Real Madrid.
In a statement released on Wednesday, the prosecutors accused Ancelotti of two accounts of tax fraud which would end up four years and nine months in prison if proven true. They further accused that the five-time Champions League winner defrauded one million euros in 2014 and 2015.
The prosecutors further claimed that the Italian didn’t declare the income he received from the image rights before further accusing he set up a “confusing” system of shell companies to hide his additional earnings.
Remember, Ancelotti joined Real Madrid in 2021 to begin his second stint at the Spanish club after he was sacked in 2015 following a trophyless season.
The Italian did an impressive job in his first season (2021/22) by guiding the Los Blancos to La Liga and the UEFA Champions League (UCL) title win.
Ancelotti coached Madrid’s team who, arguably, had the greatest run in the UCL history where they faced Paris Saint Germain (PSG) in the round of 16, Chelsea in the quarter-final, Manchester City in the semi-final and then Liverpool in the final.
During his first stint with Madrid in the 2013-14 season, Carlo helped Madrid end their 12-year UCL drought as they won the historic final against Atletico Madrid in Lisbon, courtesy of Sergio Ramos’ famous last-minute header goal in 92nd minute of the game.
It must be noted that the Italian is considered one of the greatest managers of all time. He is the only manager in the history of football to have won the UCL five times.
He is also the only one who has won a league title in each of Europe’s top leagues (Premier League, La Liga, Serie A, Bundesliga, Ligue 1).