A Spanish prosecutor is seeking a jail term of four years and nine months for Real Madrid coach Carlo Ancelotti for alleged tax fraud on image rights revenue totaling 1 million euros during his tenure in 2014 and 2015, reported Reuters.
The prosecutor stated on Wednesday that despite being a tax resident in Spain at the time and filing tax returns there, Ancelotti failed to report income earned through his image rights, totaling 4.2 million euros.
Ancelotti is accused of allegedly committing two counts of tax fraud. The coach has yet to respond to requests for comment and his lawyer rejected to comment.
The prosecutor said that Ancelotti falsely transferred his image rights to entities with no real activity outside Spain to evade taxes.
A Spanish court in July ordered Ancelotti to stand trial over the affair but no date has been scheduled.
Ancelotti previously coached Madrid from 2013 to 2015 before returning to the club in 2021.
Ancelotti is one of the most successful football coaches, as he is the only coach to have won the Champions League four times, twice with Madrid and twice with AC Milan, and the only coach to have won domestic league titles in England, Spain, Italy, Germany, and France.
Former Madrid coach Jose Mourinho received a one-year suspended sentence after a guilty plea for tax fraud in 2019. Star players Lionel Messi and Cristiano Ronaldo have also been found guilty of tax fraud in Spain.