Fresh from contract renewal with Real Madrid, Carlo Ancelotti there is a big risk in Spain, with Iberian newspapers reporting the news of the accusations tax fraud. The coach from Reggiolo, formerly of Milan, Juventus and Napoli in the recent past, has in fact ended up in the crosshairs of the Spanish tax authorities for having evaded the tax years 2014 and 2015. Years in which the 64-year-old coach of the Merengues, according to the evidence in the hands of the prosecutors , would have simulated the transfer of his image rights to entities “without real activity” creating, in fact, a complex and confusing network to try to circumvent the payments. And for all this the coach, tied to Real Madrid until 2026, would even risk almost five years in prison.
Ancelotti risks prison for fraud
Four years and nine months in prison. This is the request for punishment made by the Madrid provincial prosecutor’s office against Carlo Ancelotti, accused of defrauding the Spanish tax authorities between 2014 and 2015. This was reported by the newspaper Brandpredominantly Madridist in nature, which reported the requests of those who have been investigating against it for years Carletto, leader of the Merengues and fresh from renewing his contract with Real Madrid. In fact, the Spanish press is full of accusations made against the coach, who according to the prosecutor’s office committed several crimes against the Treasury.
According to reports, on 4 July 2013 Ancelotti had in fact signed an employment contract as coach of Real Madrid for the period between July 2013 and 30 June 2016, agreeing on remuneration and proceeds deriving from the transfer of image rights to the club. . Immediately after signing, the Italian coach began to work and reside in Spain, establishing a property in Madrid as his domicile and habitual residence, but when the relationship with Real Madrid suddenly ended in May 2015, the problems began. suspicious movements indicted.
Until October of the same year, the prosecutors report, Ancelotti rented a house in Madrid and therefore Spain was his main center of economic relations for 2015. But the coach, according to the prosecution, tried to avoid taxation of the proceeds deriving from image rights by resorting to a “complex” network e “confused” of trusts and registered companies channel the collection of image rights.
In short, it would have simulated the transfer of image rights to entities “without real activity”. By doing so Ancelotti would have pursued “the opacity before the Spanish Treasury and the concealment of the real beneficiary of the proceeds and his image rights, so that neither he nor any of the said companies have to pay taxes on the huge sums received in Spain or out of the country.” The Prosecutor’s Office claims that Ancelotti submitted his tax returns on time, asserting the status of resident in Spain but recording only the salary received from Real Madrid and omitting the income for the exploitation of image rights, resulting in declarations “with negative quotas”. .
How much he would have evaded and King Charles’ salary
The Prosecutor’s Office, specifically, underlines that the proceeds deriving from the transfer of image rights represented income equal to 1.249.590 in 2014 and 2.959.768 in 2015. Proceeds that neither Ancelotti nor Vapia Limited, the company with which he signed a private contract for the transfer of rights for 10 years and a price of 25 million, actually paid one euro.
The accusation, therefore, is that Ancelotti defrauded the Spanish tax authorities for a total amount of 1,062,079 euros in fiscal years 2014 and 2015.
Ancelotti has already won the first degree of judgment, but the tax authorities have appealed. A request that arrived a few months after the technician’s contract renewal with Real Madrid. Linked to the Galacticos until 2026, the four-time Champions League winning coach (six considering the two as a footballer) earns 11 million gross per year, i.e. 6 million net per season.
