Carlo Ancelotti is accused of defrauding a little more than a million euros. The Real Madrid coach allegedly failed to declare 1,062,079 euros to the Spanish authorities.
During his first stint at Real Madrid, although he was indeed a tax resident in Spain, his income linked to image rights passed through various companies which were not there domiciled. The prosecution speaks, in its press release, of a “complex” and “confusing” network aimed at “avoiding the taxation of income derived from these image rights”