Reportedly, Carlo Ancelotti Faces Risk of Five-Year Jail Term

Real Madrid Manager Carlo Ancelotti Faces Potential Five-Year Prison Sentence for Alleged Tax Evasion During Initial Tenure with the Galacticos...CONTINUE READING>>>

The Spanish state prosecutors have accused the Italian of using shell companies to hide parts of his income during his time in charge of the club between 2014 and 2015. Ancelotti was accused of two counts of tax fraud which could see him get over four years jail term if he is found guilty.

He was accused of having declared the income he received from Real Madrid and did not declare income from image rights, and prosecutors accuse him of defrauding €1 million in two years.

Ancelotti is not the only sportsperson who has been accused of evading tax in the past. Lionel Messi and Cristiano Ronaldo were also accused of tax evasion when they were at Barcelona and Real Madrid respectively.

Messi was found guilty of defrauding Spain between 2007 and 2009. He was initially handed a 21-month prison sentence, but he had to pay a fine of €252,000 as a replacement for prison term. Ronaldo paid €18.8 million fine from a Madrid court over tax evasion charges as part of a deal, with the deal also including a 23-month prison sentence.