A Spanish court sentenced current Brazil and ex-Real Madrid coach Carlo Ancelotti to a one-year suspended prison sentence for tax fraud committed while he was Real Madrid’s boss in 2014.The Madrid court also fined Ancelotti 386,000 euros for defrauding the state of 1,000,000 euros in 2014 and 2015.Take note — another Ancelotti is stepping onto the stageState prosecutors sought a prison sentence of up to four years and nine months on two counts of tax fraud. However, Ancelotti won’t serve any jail time because his sentence is less than two years and he has no criminal record. In Spain, a judge can suspend a sentence of less than two years for first-time offenders.In March 2024, prosecutors accused Carletto of using shell companies to hide his true earnings. They claimed that, for example, Ancelotti used one company that lacked “any real [economic] activity” in the Virgin Islands as part of an alleged scheme.##NAJAVA_MECA_9009618##Carlos Sanchez, Ancelotti’s press officer, told The Associated Press that the coach “will not make comments for now.”Brazil’s football confederation (CBF) stated that it was following the case.
