The Madrid court hearing on Friday announced that legendary coach Carlo Ancelotti will go on trial next week for allegedly failing to report income to the country’s tax office.
The 65-year-old Italian is accused of having allegedly cost Spain’s Treasury more than one million euros ($1.1 million) in unreported earnings from image rights in 2014 and 2015 and is being sentenced to four years and nine months in prison.
According to a court spokesman, the trial will begin on Wednesday and will likely last two days.
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Ancelotti, who has won a total of five Champions League titles, including three with Real, must be present, he added.
Even though he himself claimed to be a tax resident in Spain and indicated that his residence was in Madrid, the prosecution accuses him of only declaring the personal remuneration received from Real Madrid in his tax returns for those two years.
They accuse Ancelotti of allegedly starting a “confusing” and “complex” system of shell companies to stifle his extra income from both his image rights and those of others, including real estate.
Ancelotti  was ordered to go on trial for the affair in a Spanish court in 2023, but there was no fix date.
When asked about the case, Angelotti claimed last year that the affair was “an old story that I hope will be resolved soon.”
He joined Real Madrid in 2013, leaving in May 2015, and then became a Bayern Munich employee the following year.
The former international midfielder from Italy, who won the European Cup twice with AC Milan before making his Real Madrid debut in 2021.
Along with his success in the Champions League, he has also won domestic titles with Real Madrid and Milan, Chelsea in England, Bayern Munich in Germany, and Paris Saint-Germain in France.
Source: Channels TV
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