Real Madrid boss Ancelotti ‘calm’ about tax fraud accusations
REAL Madrid manager Carlo Ancelotti said he was calm about accusations he avoided 1 million euros ($1.09 million) in taxes on image rights revenues while he was at the club in 2014 and 2015. A Spanish prosecutor is seeking a prison term of four years and nine months for Ancelotti. In a statement on Wednesday, the prosecutor said that although the Italian coach was a resident in Spain for tax purposes at the time and filed his tax returns there, he had omitted the income earned through his image rights - 4.2 million euros ($4.58 million) in total. "It's an old…
