He is said to have not paid tax on income from image rights: Real Madrid coach Carlo Ancelotti is in trouble with the tax office. He faces a prison sentence.
As the responsible public prosecutor’s office in Madrid announced on Wednesday (March 6, 2024), it is demanding a prison sentence of four years and nine months against the Italian coach of the Spanish soccer record champions Real Madrid.
The investigations against Ancelotti have been ongoing since 2020, and he had to appear in court for the first time last year.
Ancelotti, image rights and taxes
The public prosecutor’s office accuses the 64-year-old of not having paid taxes on income from image rights generated in 2014. This emerges from a document from a court in the Spanish capital seen by the AFP news agency.
According to the tax office’s allegations, Ancelotti reported his salary as coach of Real Madrid in the 2014 tax year, but not income from his image rights or other related income.
“Although he self-declared to be a tax resident in Spain and stated that his residence is in Madrid, he only declared in his tax returns the personal remuneration received from Real Madrid”, the authority said in a statement. She accuses Ancelotti of being one “confusing” System of shell companies set up to hide additional income.
RB Leipzig is now waiting for Ancelotti’s Real Madrid
Ancelotti was under contract with Bayern Munich from July 2016 to September 2017, other coaching positions include SSC Napoli, Paris St. Germain and FC Chelsea. Since 2021 he has been working again as coach of Real Madrid, which he coached from 2013 to 2015. He recently extended his contract again until 2026.
On Wednesday evening, Ancelotti will be on the sidelines as Real take on RB Leipzig in the Champions League round of 16 second leg. Madrid narrowly won the first leg in February 1-0.