Ancelotti Sentenced for 2014 Spanish Tax Fraud

Carlo Ancelotti, current Brazil national team coach and former Real Madrid manager, has been sentenced by a Madrid court to one year in prison and fined approximately €386,000 for tax fraud related to undeclared image rights income in 2014. Prosecutors had initially sought a longer jail term and a larger fine, but the sentence was ultimately reduced. Ancelotti will not serve time in prison due to Spanish law suspending first-time, non-violent sentences under two years. The court found he used shell companies outside Spain to conceal earnings, but acquitted him of similar charges for 2015. Ancelotti has denied intentional wrongdoing, attributing the issues to advice from his club and financial advisors. The verdict is not final and can be appealed.