A Spanish court on Wednesday sentenced former Real Madrid manager Carlo Ancelotti to a year in jail for tax fraud committed in 2014, a punishment that will not oblige the Brazil coach to serve prison time since the sentence is less than two years and he has no criminal record.
Prosecutors alleged the Italian created a system of shell companies to hide extra earnings during his first spell as Madrid boss in 2014 and 2015, notably through image rights. They said the 66-year-old failed to pay more than one million euros due to undeclared earnings in those years.
Ancelotti denied having intentionally committed fraud in April during a highly publicised trial.
A Madrid court on Wednesday announced in a ruling it had convicted Ancelotti for “an offence against the treasury… to the punishment of one year in prison” and a fine of $452,821.
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