: Football: Spanish prosecutors file tax fraud suit against former Real Madrid manager Carlo Ancelotti #IndiaNEWS Spanish prosecutors announced on Monday that they had filed a tax fraud suit against

Football: Spanish prosecutors file tax fraud suit against former Real Madrid manager Carlo Ancelotti #IndiaNEWS
Spanish prosecutors announced on Monday that they had filed a tax fraud suit against Carlo Ancelotti, accusing the former Real Madrid coach of having hidden a seven-figure sum from the country’s tax authorities. Prosecutors said the suit had been filed against Ancelotti, the current Everton manager, for two alleged incidences of tax fraud in 2014 and 2015 totalling €1.062 million (.19 million). In order for a prosecution to go ahead a judge will have to accept the case before eventually summoning Ancelotti, who won the 2014 Champions League and Club World Cup for Real in his two seasons in the Spanish capital. According to prosecutors Ancelotti declared his salary earnings from his time at Real but not “earnings from image rights, as well as those deriving from his relationship with the club and related contracts from other brands???. Prosecutors also claim that he did so in order to “avoid his obligations with the public treasury???, accusing him of relying on a “complex network of shell companies??? in an attempt to hide the identity of the beneficiary of those earnings from the tax authorities. In recent years Spain has pursued some of the country’s biggest football stars, including Barcelona’s Lionel Messi and Cristiano Ronaldo, formerly...Read more

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