Carlo Ancelotti Faces €1m Spanish Tax Fraud Charges

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SWITZERLAND, JUNE 22 – Everton manager Carlo Ancelotti has been indicted in Spain on suspicion of alleged tax fraud totaling €1m related to his time at Real Madrid.

The charge refers to tax due for image rights earnings during the 2014/15 season when the Italian was coach of the LaLiga giants.

The Madrid community prosecutor’s office alleged that tax declarations presented by the Italian excluded some of his income and that this had been done “with the intention of unreasonably evading his obligations to the public treasury”.

Ancelotti managed Real between the years 2013 and 2015 before he was eventually axed by club president Florentino Perez.

The 61-year-old has enjoyed an illustrious coaching career, which began in his native Italy.

He also helped Chelsea to a domestic double in 2010. Since leaving Real, he has worked at Bayern Munich and Napoli before joining Everton last year.

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