The Japan Times - Real Madrid coach Ancelotti to go on trial for alleged tax fraud

EUR -
AED 4.301814
AFN 77.708293
ALL 96.176014
AMD 446.924892
ANG 2.097203
AOA 1074.135394
ARS 1698.74032
AUD 1.770078
AWG 2.108444
AZN 1.991912
BAM 1.950236
BBD 2.36247
BDT 143.341038
BGN 1.955079
BHD 0.441654
BIF 3477.877376
BMD 1.171358
BND 1.512285
BOB 8.104876
BRL 6.444114
BSD 1.172958
BTN 106.59388
BWP 15.491801
BYN 3.437408
BYR 22958.617481
BZD 2.359079
CAD 1.615232
CDF 2635.555553
CHF 0.933339
CLF 0.027334
CLP 1072.249192
CNY 8.248644
CNH 8.245095
COP 4499.162784
CRC 585.330013
CUC 1.171358
CUP 31.040988
CVE 109.951301
CZK 24.352124
DJF 208.874957
DKK 7.471771
DOP 75.364979
DZD 151.627638
EGP 55.766478
ERN 17.570371
ETB 182.088389
FJD 2.670112
FKP 0.872551
GBP 0.87877
GEL 3.15685
GGP 0.872551
GHS 13.489513
GIP 0.872551
GMD 86.100851
GNF 10199.898985
GTQ 8.982373
GYD 245.399857
HKD 9.112316
HNL 30.903829
HRK 7.536638
HTG 153.611735
HUF 387.432543
IDR 19557.696563
ILS 3.773032
IMP 0.872551
INR 105.882157
IQD 1536.622469
IRR 49340.51376
ISK 148.001104
JEP 0.872551
JMD 188.262873
JOD 0.830488
JPY 182.223503
KES 151.004694
KGS 102.43541
KHR 4696.600275
KMF 491.969805
KPW 1054.235599
KRW 1732.367947
KWD 0.359502
KYD 0.977515
KZT 604.617565
LAK 25412.604561
LBP 105039.563247
LKR 363.105585
LRD 207.617653
LSL 19.697785
LTL 3.458716
LVL 0.708543
LYD 6.354896
MAD 10.733975
MDL 19.752728
MGA 5298.881924
MKD 61.532571
MMK 2460.108883
MNT 4156.475757
MOP 9.398924
MRU 46.520274
MUR 53.941062
MVR 18.050801
MWK 2033.897151
MXN 21.056371
MYR 4.7891
MZN 74.861814
NAD 19.697785
NGN 1705.356781
NIO 43.166842
NOK 11.969757
NPR 170.550408
NZD 2.028622
OMR 0.450384
PAB 1.172953
PEN 3.951227
PGK 4.986772
PHP 68.718886
PKR 328.725128
PLN 4.214535
PYG 7878.555568
QAR 4.276698
RON 5.092357
RSD 117.397841
RUB 94.202038
RWF 1707.82745
SAR 4.39328
SBD 9.562266
SCR 15.804605
SDG 704.56838
SEK 10.937063
SGD 1.513547
SHP 0.878822
SLE 27.872113
SLL 24562.796602
SOS 670.387339
SRD 45.305812
STD 24244.746356
STN 24.430299
SVC 10.263761
SYP 12951.888916
SZL 19.680933
THB 36.933012
TJS 10.779545
TMT 4.111467
TND 3.425327
TOP 2.820349
TRY 50.041619
TTD 7.957331
TWD 36.794115
TZS 2900.810779
UAH 49.466868
UGX 4176.08534
USD 1.171358
UYU 45.889075
UZS 14222.422448
VES 320.06667
VND 30847.713845
VUV 142.118205
WST 3.269295
XAF 654.090834
XAG 0.017758
XAU 0.000271
XCD 3.165653
XCG 2.113978
XDR 0.813479
XOF 654.093618
XPF 119.331742
YER 279.193074
ZAR 19.608123
ZMK 10543.631377
ZMW 26.949227
ZWL 377.176809
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.4100

    82.01

    +0.5%

  • BCC

    0.5100

    75.84

    +0.67%

  • CMSD

    0.0150

    23.38

    +0.06%

  • CMSC

    0.0400

    23.34

    +0.17%

  • RIO

    0.1700

    75.99

    +0.22%

  • GSK

    -0.4600

    48.78

    -0.94%

  • BCE

    -0.2800

    23.33

    -1.2%

  • AZN

    -0.2100

    91.35

    -0.23%

  • BTI

    -0.4500

    57.29

    -0.79%

  • NGG

    -0.2600

    75.77

    -0.34%

  • RELX

    -0.2600

    40.82

    -0.64%

  • JRI

    -0.0500

    13.51

    -0.37%

  • RYCEF

    -0.3100

    14.64

    -2.12%

  • VOD

    0.0000

    12.7

    0%

  • BP

    -1.4900

    33.76

    -4.41%

Real Madrid coach Ancelotti to go on trial for alleged tax fraud
Real Madrid coach Ancelotti to go on trial for alleged tax fraud / Photo: Oli SCARFF - AFP

Real Madrid coach Ancelotti to go on trial for alleged tax fraud

Real Madrid coach Carlo Ancelotti will go on trial next week for allegedly failing to declare income to Spain's tax office, the Madrid court which will hear the case said Friday.

Text size:

Prosecutors are seeking a jail term of four years and nine months for the 65-year-old Italian, accusing him costing Spain's treasury more than one million euros ($1.1 million) in undeclared earnings from image rights in 2014 and 2015.

The trial will begin on Wednesday and it is expected to last two days, a spokesman for the court said.

Ancelotti, who as a coach has won a record five Champions League trophies including three with Real Madrid, must be present for the hearings, the spokesman added.

Prosecutors accuse him of only declaring in his tax returns the personal remuneration received from Real Madrid during those two years even though he declared himself to be a tax resident in Spain and indicated his home was in Madrid.

They accuse Ancelotti of allegedly setting up a "confusing" and "complex" system of shell companies to hide his extra earnings from his image rights as well as from other sources such as real estate.

He earned 1.24 million euros in 2014 from the sale of his image rights and 2.96 million euros in 2015, according to prosecutors.

A Spanish court in 2023 ordered Ancelotti to stand trial over the affair, but did not set a date.

Ancelotti dismissed the affair last year as "an old story that I hope will be resolved soon" when he was asked about the case.

He took over at Real Madrid in 2013, leaving in May 2015, before being appointed by Bayern Munich the following year.

- Spanish crackdown -

The former Italy international midfielder, who as a player won the European Cup twice with AC Milan, later managed Napoli and Everton before returning to Real Madrid in 2021.

Aside from his success in the Champions League he has won domestic league titles with Madrid and Milan, in England with Chelsea, in Germany with Bayern Munich and in France with Paris Saint-Germain.

Spain has cracked down in recent years on top football players who have not paid their due.

Lionel Messi and Cristiano Ronaldo were both found guilty of tax evasion and received prison sentences that were waived for being first-time offenders.

Former Real Madrid coach Jose Mourinho received a one-year suspended sentence after reaching a guilty plea for tax fraud in 2019.

Colombian superstar artist Shakira in 2023 agreed to receive a three-year suspended sentence and pay 7.3 million euros in fines to settle a tax fraud case and avoid trial.

Prosecutors had accused the "Hips Don't Lie" singer of defrauding the Spanish state of 14.5 million euros on income earned between 2012 and 2014, charges Shakira had denied, saying she only moved to Spain full-time in 2015.

T.Sasaki--JT