A Madrid courtroom on Wednesday handed down a one-year sentence and a €386,000 ($375,000) superb to Brazil coach Carlo Ancelotti for failing to pay tax on his image-rights revenues when he was Actual Madrid supervisor in 2014, the courtroom stated in a press release.
Ancelotti is prone to obtain a suspended sentence as Spain legislation is such that any sentence underneath two years for a non-violent crime not often requires a defendant with out earlier convictions to serve jail time.
Prosecutors sought a jail time period of 4 years and 9 months, and a superb of €3.2 million ($3.7m).
They contended that in 2014 and 2015, Ancelotti solely reported the wage he was paid by Madrid, and omitted picture rights earnings in his Spanish tax returns.
Ancelotti is the most recent in a string of high-profile gamers and coaches to be investigated by Spanish tax authorities.
Many instances — together with these of main gamers comparable to Portugal’s Cristiano Ronaldo and Spain’s Diego Costa — have been settled out of courtroom, with giant fines paid.
In 2023, nevertheless, the Supreme Courtroom upheld the acquittal of former Bayer Leverkusen and now Actual Madrid coach Xabi Alonso after he refused to settle and defended his innocence.