The Digest:
Carlo Ancelotti, the Brazilian head coach and former Real Madrid manager, has been sentenced to one year in prison after being found guilty of tax fraud related to his time in Spain. The sentence stems from failing to declare income from image rights during 2014.
Key Points:
- Ancelotti was sentenced to one year in prison for tax fraud in Spain.
- He was accused of failing to declare income from image rights in 2014.
- Tax evasion reportedly amounted to over £833,000.
- Ancelotti acknowledged underpaying taxes but blamed it on accounting mistakes.
- He was cleared of charges related to his 2015 earnings.
- Ancelotti won't serve jail time due to Spain's laws for first-time offenders.
- The coach has always maintained he wasn’t obligated to pay taxes due to his limited time in Spain.
Although Carlo Ancelotti was convicted of tax fraud, Spain's laws ensure he won't face jail time. The case highlights the complexities of tax obligations for high-profile individuals, even as Ancelotti maintains his innocence regarding intent.
Sources: BBC Sport, Daily Mail, El País
