"Spanish Prosecutors Seek Prison Time for Real Madrid's Ancelotti Over Tax Fraud Allegations"

1 min read
Source: The Athletic
"Spanish Prosecutors Seek Prison Time for Real Madrid's Ancelotti Over Tax Fraud Allegations"
Photo: The Athletic
TL;DR Summary

Spanish prosecutors are seeking a nearly five-year prison sentence for Real Madrid manager Carlo Ancelotti over alleged tax fraud related to image rights earned during his time as manager in 2014 and 2015. Ancelotti is accused of evading taxes in Spain and abroad by engaging in the simulation of image rights and signing private contracts to obscure the true beneficiary of the income. Similar cases involving sports figures have often resulted in settlements outside of court proceedings, with fines being paid instead of serving jail time.

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