Real Madrid coach Carlo Ancelotti is set to appear in court on Wednesday over allegations of failing to pay €1 million in taxes on image rights earnings during his first tenure at the club. Prosecutors seek a prison sentence of nearly five years and a €3.2 million fine.
Carlo Ancelotti, head coach of Real Madrid, will stand trial in Spain starting Wednesday, facing charges of tax evasion related to his image rights income from his first stint at the club. Authorities accuse him of failing to declare €1 million ($1.08 million) in earnings in 2014 and 2015.
Ancelotti is among several football figures investigated by Spain's tax authorities. While many, including Cristiano Ronaldo and Diego Costa, settled their cases with hefty fines, Bayer Leverkusen coach Xabi Alonso was acquitted by the Supreme Court in 2023 after refusing a settlement.
Prosecutors are seeking a prison sentence of four years and nine months, along with a €3.2 million fine. They argue that Ancelotti only reported his salary from Real Madrid, omitting income from image rights.
Ancelotti recently expressed confidence in Spain’s legal system and stated he is ready to testify. Before the trial, prosecutors confirmed that Spanish tax authorities had already seized the owed amount plus interest.
The trial, set to last three days in a Madrid court, could still end in an out-of-court settlement at any stage. Ancelotti, who returned to coach Real Madrid in 2021, has won five Champions League titles as a manager—twice with AC Milan and three times with Real Madrid.
Shares in Nike, Adidas, and Puma fell sharply after the U.S. imposed steep tariffs on Vietnam, Indonesia, and Cambodia, key sourcing hubs. The move raises concerns over rising costs and supply chain disruptions, adding fresh uncertainty to global markets.
Turkiye’s annual inflation dropped to 38.1% in March, below forecasts, offering slight relief amid economic pressures. Monthly inflation rose 2.46%, while producer prices surged 23.5% annually. Experts remain cautious as currency fluctuations pose future risks.
Tornadoes and severe storms ripped through the South and Midwest on Wednesday, leaving a trail of destruction across multiple states as forecasters warned of continued life-threatening weather through the weekend.
Israeli Prime Minister Benjamin Netanyahu arrived in Budapest early Thursday for a four-day official visit, despite an arrest warrant issued against him by the International Criminal Court (ICC) for war crimes related to the Gaza conflict.
Myanmar's deadly 7.7-magnitude earthquake has claimed over 3,000 lives, with 351 missing and 4,500 injured. As rescue efforts face civil unrest, unseasonal rains threaten survivors. Global aid arrives, while Myanmar's junta declares a ceasefire to support relief efforts.
Shares in Nike, Adidas, and Puma fell sharply after the U.S. imposed steep tariffs on Vietnam, Indonesia, and Cambodia, key sourcing hubs. The move raises concerns over rising costs and supply chain disruptions, adding fresh uncertainty to global markets.
Turkiye’s annual inflation dropped to 38.1% in March, below forecasts, offering slight relief amid economic pressures. Monthly inflation rose 2.46%, while producer prices surged 23.5% annually. Experts remain cautious as currency fluctuations pose future risks.
NATO allied jets are conduct complex multi-domain operations during Ramstein Flag 25 (RAFL25), supported by seven air-to-air refuelling assets from Canada, France, Italy, Türkiye, the United Kingdom, and the United States.
Tornadoes and severe storms ripped through the South and Midwest on Wednesday, leaving a trail of destruction across multiple states as forecasters warned of continued life-threatening weather through the weekend.
Serbian President Aleksandar Vučić announced that Belgrade and Budapest are working towards establishing a comprehensive military alliance, following the signing of a document on Serbian-Hungarian strategic defence cooperation.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
NATO allied jets are conduct complex multi-domain operations during Ramstein Flag 25 (RAFL25), supported by seven air-to-air refuelling assets from Canada, France, Italy, Türkiye, the United Kingdom, and the United States.
Tornadoes and severe storms ripped through the South and Midwest on Wednesday, leaving a trail of destruction across multiple states as forecasters warned of continued life-threatening weather through the weekend.
Serbian President Aleksandar Vučić announced that Belgrade and Budapest are working towards establishing a comprehensive military alliance, following the signing of a document on Serbian-Hungarian strategic defence cooperation.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 3rd, covering the latest developments you need to know.
Myanmar's deadly 7.7-magnitude earthquake has claimed over 3,000 lives, with 351 missing and 4,500 injured. As rescue efforts face civil unrest, unseasonal rains threaten survivors. Global aid arrives, while Myanmar's junta declares a ceasefire to support relief efforts.
Shares in Nike, Adidas, and Puma fell sharply after the U.S. imposed steep tariffs on Vietnam, Indonesia, and Cambodia, key sourcing hubs. The move raises concerns over rising costs and supply chain disruptions, adding fresh uncertainty to global markets.
Turkiye’s annual inflation dropped to 38.1% in March, below forecasts, offering slight relief amid economic pressures. Monthly inflation rose 2.46%, while producer prices surged 23.5% annually. Experts remain cautious as currency fluctuations pose future risks.
NATO allied jets are conduct complex multi-domain operations during Ramstein Flag 25 (RAFL25), supported by seven air-to-air refuelling assets from Canada, France, Italy, Türkiye, the United Kingdom, and the United States.
Tornadoes and severe storms ripped through the South and Midwest on Wednesday, leaving a trail of destruction across multiple states as forecasters warned of continued life-threatening weather through the weekend.
Serbian President Aleksandar Vučić announced that Belgrade and Budapest are working towards establishing a comprehensive military alliance, following the signing of a document on Serbian-Hungarian strategic defence cooperation.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment