Home SPORTS Former Real Madrid manager Carlo Ancelotti indicted on suspicion of tax fraud...

Former Real Madrid manager Carlo Ancelotti indicted on suspicion of tax fraud in Spain

The Madrid Community Prosecutor’s office said in a statement Ancelotti had concealed revenues “intending to avoid his tax duties towards the public treasury with no justification.”

Reuters Photo

Prosecutors in Madrid said on Monday they had indicted Italian soccer coach Carlo Ancelotti on suspicion of avoiding 1 million euros ($1.12 million) in taxes due for revenues from image rights while coaching Real Madrid between 2014-15.

Ancelotti, who now coaches English Premier League side Everton, could not be reached for comment.

The Madrid Community Prosecutor’s office said in a statement Ancelotti had concealed revenues “intending to avoid his tax duties towards the public treasury with no justification.”




As well as working for Real Madrid and Everton, Ancelotti has had trophy-laden spells at other European clubs including AC Milan, Chelsea, Paris St Germain and Bayern Munich.

A former player who was capped 26 times for Italy and played in the 1990 World Cup, Ancelotti has won the Champions League three times as a coach, twice with AC Milan and once with Real Madrid.

Big name players like Portugal’s Cristiano Ronaldo here and Argentina’s Lionel Messi and, more recently, Brazilian-Spanish player Diego Costa, have also been sued in tax cases, as has Portuguese coach Jose Mourinho.




They agreed to pay fines.

Representatives for Ancelotti could not be reached and there was no immediate comment from Everton on the case.

IndiaToday.in has plenty of useful resources that can help you better understand the coronavirus pandemic and protect yourself. Read our comprehensive guide (with information on how the virus spreads, precautions and symptoms), watch an expert debunk myths, and access our dedicated coronavirus page.
Get real-time alerts and all the news on your phone with the all-new India Today app. Download from

  • Andriod App
  • IOS App

Source link

Most Popular

Sachin Pilot’s Office Releases Video of Loyalist MLAs Strategising in Manesar Hotel Ahead of CLP Meet

MLAs loyal to Sachin Pilot at a hotel in Manesar on Monday night. (Twitter/ANI) Congress leaders have made an emotional appeal to Pilot and his...

Massive Explosion at Pharma Waste Factory in Vishakhapatnam, Fire Tenders Rushed to Spot

A video grab of the fire at the factory in Vishakhapatnam. Vishakhapatnam This is the same area where a gas leak was reported on June 30...

Sushant Singh Rajput’s family friend approaches BMC to rename Bandra street with actor’s name

Image Source : INSTAGRAM/__SSRIANS__ Sushant Singh Rajput's family friend approaches BMC to rename Bandra street with actor's name Late actor Sushant Singh Rajput left his fans...