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Real Madrid Manager Carlo Ancelotti Faces Tax Fraud Allegations

March 6, 2024
Carlo Ancelotti
Photo: Goal.com

Carlo Ancelotti, the renowned manager of Real Madrid, is facing charges of tax fraud for allegedly failing to declare over 1 million euros in income during his 2014-2015 tenure with the team. According to reports, prosecutors are seeking a four-year and nine-month prison sentence.

The accusations claim that Ancelotti evaded taxes related to his image rights by routing money through a company called Vapia Limited. Prosecutors believe Ancelotti created an intricate system to hide his earnings, initially transferring his image rights to Vapia and then failing to report the resulting income.

The alleged scheme involved a complex web of companies and trusts designed to obscure Ancelotti’s financial dealings from Spanish authorities. If found guilty, the celebrated manager could face substantial fines and damage to his reputation.

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Yukesh Chaudhary

Yukesh Chaudhary is the CEO and Founder of Niriv, The parent company of The Ditible. He writes on sports news and trends, He has been writing sports news from 2021 and has been writing here.

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