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Former Real Madrid coach Carlo Ancelotti has been handed a one year prison sentence for tax fraud committed in 2014, as per reports. The Brazil national team coach has been found guilty of tax evasion committed in his first year in charge of the Spanish giants.
According to EFE, the Provincial Court of Madrid has sentenced the legendary Italian coach to 12 months behind bars for a fraud of €386,361, income related to his image rights. He has also received a fine of €386,361.93, the loss of obtaining public aid or subsidies, and the loss of the right to enjoy any social benefits for three years.
The Madrid Prosecutor's Office filed charges against Ancelotti in 2020 for tax fraud totalling €1,062,079 for the years 2014 and 2015. Of this sum, €386,361 was for the 2014 fiscal year and €675,718 for the 2015 fiscal year. He was, however, acquitted of the allegations for the year 2015 and punished only for the previous year as he was sacked by Real Madrid in 2015.
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The trial was held on April 2nd and 3rd this year, where Ancelotti disclosed that he never intended to defraud the treasury and only acted on the advice of the club. He revealed that he settled his debt in 2021, and these factors contributed to his escaping the four-year jail term proposed by the prosecution. Carlo Ancelotti will likely not spend any time in prison, as defendants in Spain are rarely required to serve their sentences under two years for non-violent crimes.
Carlo Ancelotti's Real Madrid assistant secures first managerial role in Brazil
Carlo Ancelotti's long-time assistant Davide Ancelotti has secured his first job as aa manager in Brazil after leaving Real Madrid. The 35-year-old son of the legendary tactician is set to take over as manager of Brazilian champions Botafogo until the end of 2026.
Davide Ancelotti had assisted his father at Real Madrid, Everton, Napoli, and Bayern Munich over the years. He left the Spanish giants at the end of the 2024-25 season to work as his father's assistant at the Brazil national team after the great coach left the club. The younger Ancelotti has, however, secured employment with Botafogo.
Ancelotti Jr replaces the experienced Renato Paiva at the helm of the Brazilian side's affairs after their FIFA Club World Cup campaign. They were eliminated by fellow Brazilian outfit Palmeiras at the Round of 16 stage in the USA.
