The coach of Real Madrid, Carlo Ancelotti, has reacted to the treasury fraud charge levelled against him by Spanish authorities and the prosecutor’s request to give him a prison sentence.
Ancelotti has been accused by prosecutors in Madrid, Spain, of defrauding the Treasury out of approximately £854,000 (€1 million), according to Spanish sources.
Despite being registered as a resident of Spain for tax purposes, the 64-year-old coach is alleged to have failed to pay the required taxes throughout his first tenure as Madrid’s manager, from 2013 to 2015. This information was obtained by the Daily Mail through reports from Spain.
The coach is suspected of having transferred the money he received from his image rights to other organizations, despite having declared his revenues from his Real Madrid wage.
The Provincial Prosecutor’s Office in Madrid has charged the former head coach of Chelsea and AC Milan with two offences against Spain’s Public Treasury. According to Marca, if Ancelotti is found guilty, a four-year and nine-month prison sentence has been demanded.
However, Ancelotti’s response to the prosecutor’s request for a prison sentence seems to indicate that he views the situation as an old matter that began eight years ago.
He asserts his innocence, stating that he was not a resident as claimed by the prosecutor’s office and that he has already paid the fine.
In a statement shared on the official X handle of authoritative transfer expert and journalist Fabrizio Romano, the coach said that the case is an old matter that started eight years ago.
He said, “It’s an old story that started eight years ago.”
“The Prosecutor’s Office thinks that I was a resident and I was not. I have already paid the fine.”
“I’m innocent”. Ancelotti declared.
