Carlo Ancelotti will stand trial for tax fraud after the Real Madrid coach allegedly did not declare picture rights earnings in 2014 to the Spanish tax workplace.
A Spanish decide stated Ancelotti had “acknowledged” the actions which disadvantaged the nation’s treasury of 386,361 euros ($428,000), in a court docket doc seen by AFP on Wednesday.
“It is evident that there are sufficient indications to consider the deeds under investigation could constitute an alleged offence against the public treasury,” stated the decide in her findings.
Ancelotti had declared his earnings as Real Madrid coach within the 2014 tax yr however not earnings from his picture rights or different associated revenue, based on the accusations by the Spanish tax workplace.
The court docket official dismissed an analogous grievance about Ancelotti’s tax return from 2015, which he filed whereas a tax resident within the United Kingdom.
The Italian, 64, took over at Real Madrid in 2013, earlier than leaving in May 2015, earlier than being appointed at Bayern Munich the next yr.
Ancelotti later managed Napoli and Everton earlier than returning to Real Madrid in 2021, the place he has one yr left on his contract.
The veteran coach has agreed to educate the Brazil nationwide crew from June 2024 onwards, the nation’s federation stated earlier in July.
Source: www.anews.com.tr
