Overview

• A Madrid court convicted former Real Madrid manager Carlo Ancelotti of concealing more than €1 million in image-rights income through shell companies during 2014
• He was cleared of a separate 2015 tax fraud charge after judges found insufficient evidence that his fiscal residence was in Spain that year
• The ruling imposes a one-year prison term and a €386,361 fine, reflecting prosecutors’ claim that Ancelotti underpaid taxes during his first Bernabéu tenure
• Spanish law normally suspends sentences under two years for non-violent, first-time offenders, making actual prison time unlikely for the Brazil head coach
• The verdict highlights Spain’s concerted efforts to prosecute high-profile football figures over opaque image-rights schemes following cases against Messi, Ronaldo and Mourinho