Overview

• The Audiencia Provincial de Madrid found that Ancelotti knowingly evaded taxes in 2014 by channeling image-rights revenue through artificial corporate structures.
• He was acquitted of the related 2015 charge, narrowing his liability to the fiscal year 2014.
• The court sentenced him to one year in prison, a term suspended under Spain’s policy for first-time offenders with sentences below two years.
• The judgment also declares civil liability in favor of the tax authorities, levies a €386,361.93 fine and prohibits him from receiving public subsidies or fiscal incentives for three years.
• Ancelotti maintained during his April trial that he followed Real Madrid’s and his advisors’ guidance and never intended to defraud the Hacienda Pública.