Carlo Ancelotti Sentenced to One Year in Prison for Tax Fraud

Carlo Ancelotti, the esteemed coach of Real Madrid for years and currently the head of the Brazilian national football team, has been handed a one-year prison sentence by a Spanish court for tax fraud. Ancelotti is also required to repay €386,000 in unpaid taxes. According to Spanish law, it is unlikely that Ancelotti will serve actual time in prison, given that his sentence is under two years and he has no prior criminal record. The charges stemmed from the nonpayment of taxes on income generated from the exploitation of his image rights while he was managing Real Madrid in 2014. Despite being Italian by nationality, Ancelotti had relocated his tax residency to Spain, where he was living full-time in an apartment in Madrid during the said period. The ruling serves as a reminder of the strict taxation laws that apply to public figures and the importance of complying with financial obligations in the countries where they reside and work. Related Sources: • Source 1 • Source 2