Real Madrid Coach, Ancelotti Faces Five-year Prison Sentence
Ancelotti is facing two charges of having defrauded the Treasury of over €1 million (£850k) between 2014 and 2015 during his first stint as Real Madrid manager
Joy Kalu 
The Prosecutor’s Office in Spain is seeking a five-year jail term for Real Madrid manager, Carlo Ancelotti, for tax fraud.
Relevo reports that the Italian is facing two charges of having defrauded the Treasury of over €1 million.
This happened between 2014 and 2015 during Ancelotti’s first stint at Madrid.
The Prosecutor’s Office is now demanding a prison sentence of four years and nine months for Ancelotti.
The issue relates to Ancelotti only including remuneration from his job as Madrid manager in his tax return and not including income from image rights.
The amounts relate to €386,361 in 2014 and €675,718 in 2015.
According to prosecutors, Ancelotti transferred his image rights to Vapia for a period of 10 years for £21m (€25) in July 2013 and then allegedly appointed himself at the helm of the company, before reducing that to three years and dropping the sale price to £854,000 ($1.06m).
During his time at Madrid and while domiciled in Spain, Ancelotti allegedly 'omitted all income corresponding to the exploitation of his image rights' to the tune of £1.1m ($1.4m) in 2014 and £2.5m ($3.1m) the following year.
