Real Madrid coach Carlo Ancelotti in trouble as Spain prosecutors seek jail over tax

The Madrid state prosecutor's office accused the 64-year-old Italian of having cost Spain's treasury more than one million euros in undeclared earnings from image rights in 2014 and 2015.

"Although he himself declared himself to be a tax resident in Spain and indicated that his home was in Madrid, he only declared in his tax returns the personal remuneration received from Real Madrid," the tax office said in a statement.

It accused Ancelotti of allegedly setting up a "confusing" and "complex" system of shell companies to hide his extra earnings from his image rights as well as from other sources such as real estate.