Overview

• A Madrid court found that Ancelotti used shell companies to conceal more than €1 million in image rights earnings from 2014, resulting in a tax fraud conviction.
• Judges cleared him of a related 2015 tax allegation after determining his fiscal residency in Spain could not be established beyond reasonable doubt.
• Under Spanish law, his one-year prison sentence is suspended for non-violent, first-time offenses so he will not serve time behind bars.
• The court ordered him to pay a €386,361 fine to cover the recovered tax claims and penalties.
• Ancelotti continues as head coach of Brazil’s national football team despite the ruling.