Carlo Ancelotti indicted in Spain on suspicion of €1m tax fraud

 Carlo Ancelotti indicted in Spain on suspicion of €1m tax fraud

Everton manager Carlo Ancelotti has been indicted in Spain after being accused of tax fraud to the sum of €1m.

Spanish prosecutors have alleged that the Italian avoided paying taxes due for image rights revenues during 2014 and 2015 while Real Madrid head coach.

The Madrid Community Prosecutor’s office said in a statement that Ancelotti had concealed revenues “intending to avoid his tax duties towards the public treasury with no justification”.

Ancelotti, 61, was in charge of Madrid from June 2013 until May 2015. He also enjoyed a trophy-laden career most notably with AC Milan, as well as spells with Reggiana, Parma, Juventus, Chelsea and Paris Saint-Germain.

The 26-cap Italy international was sacked by Madrid at the end of the 2014/15 season, a year after winning the Champions League with the club, and he was named Everton manager December last year after stints with Bayern Munich and Paris Saint-Germain.

The allegations is the latest in a long line of financial cases being brought against football players and coaches in recent years, with Cristiano Ronaldo, Lionel Messi, Diego Costa and Jose Mourinho having all been sued in tax fraud cases, which resulted in large fines and in some cases suspended jail sentences being handed out.

Ayomide Oyewole

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