The Spanish Prosecutor’s Office requests 4 years and 9 months in prison for Carlo Ancelotti for defrauding the Treasury of a million euros – – 2024-03-08 21:39:11

The Madrid Provincial Prosecutor’s Office requests four years and nine months in prison for the Real Madrid coach, Carlo Ancelotti, for having allegedly defrauded the treasury of 1,062,079 euros in the fiscal years of 2014 (386,361 euros) and 2015 (675,718 euros). ).

The Public Ministry charges him with two crimes against the Public Treasury, since despite the fact that he himself affirmed his status as a resident in Spain for tax purposes and that he reflected that his domicile was in Madrid, he only recorded in his income tax returns the personal work remuneration received by Real Madrid and omitted the performance corresponding to the exploitation of its image rights that it had transferred to other entities.

Ancelotti signed his first contract with the white team on July 4, 2013 for the period between July 5, 2013 and June 30, 2016, “specifying his remuneration for that period, in addition to work performance, income derived from the transfer of image rights to the club”, according to the tax indictment, which specifies that since July 2013 the Italian began to work and reside in Spain, establishing a property as his domicile and habitual residence. located in a central square in Madrid.

However, when the coach was dismissed “early” by Real Madrid on May 25, 2015, he had the home rented until October of that year, so during 2015 “Spain was his main center of personal relationships and economic interests.” ”.

Ancelotti’s maneuvers
The Prosecutor’s Office emphasizes that “in order to avoid taxation on the income from said image rights” both those received by Real Madrid and other brands for different events, the coach resorted to a “complex” and “confusing” network of trusts and companies filed to channel the collection of image rights.

Thus, the indictment continues, he “simulated” the transfer of his image rights to entities “lacking real activity” and exploitation capacity that were domiciled outside of Spain. He did so “pursuing opacity in the face of the Spanish Public Treasury and the concealment of the real beneficiary of the income from his image rights, so that neither he himself nor any of said companies would have to pay taxes on the large amounts received in Spain. or outside our country.”

He also highlights that on July 4, 2013, “parallel” to his signing as coach of Real Madrid, the club granted the coach a private contract in which he transferred 50 percent of his image rights to the sports entity between on July 5, 2013 and June 30, 2016. The other 50 percent was held by an “unnamed” and “undetermined” company that acted in the name and representation of the Italian coach. This company turned out to be Vapia LLP, domiciled in London, and not Vapia Limited, a company incorporated in the Virgin Islands to which Ancelotti, three days before, had transferred his image rights for a period of 10 years and a price of 25 million euros.