Premier League manager accused of tax fraud by Spanish prosecutors

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Premier League manager accused of tax fraud by Spanish prosecutors

Carlo Ancelotti, the manager of UK Premier League football club Everton, has been accused of withholding €1m in tax from the Spanish authorities.

According to a report by the BBC, the Madrid Community Prosecutor's office has filed a claim that Ancelotti was "intending to avoid his tax duties towards the public treasury with no justification."

The BBC said the charge of €1m relates to tax due on the manager's image rights earnings during his tenure as manager of Real Madrid in 2014-15.

Ancelotti has yet to respond to the prosecutor's claims. If the case is accepted, the Italian citizen would then be summoned to court in Madrid.

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Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.