The Madrid Provincial Prosecutor's Office has filed a complaint against former Real Madrid coach Carlo Ancelotti for the possible commission of two crimes against the Public Treasury in the fiscal years 2014 and 2015, in which the Italian coach would have
1,062,079 euros stopped entering the public treasury.
The events date back to July 2013 when Ancelotti joined to his position as coach of Real Madrid, in which he remained for two seasons (2013-15), time during which he maintained his residence in Spanish territory.
In addition, the complaint from the economic area of the Prosecutor's Office maintains that, Throughout the fiscal years of 2014 and 2015, the Italian coach “he did not obtain returns for his professional activity as a no other sports club “, since until the 2016/17 season it was not
joined Bayern Munich. so “your main source of income it was constituted by his relationship with Real Madrid “.
In those two seasons, the coach signed two contracts with the white club, one corresponding to his employment relationship with others and another referring to the transfer of their image rights. However, the Prosecutor's Office maintains that, “with the intention of evading unjustifiably his obligations with the public purse “, Ancelotti excluded the returns corresponding to the exploitation of their image rights, as well as those derived from its relationship with the Madrid sports club or those received as a consequence of contracts related to other brands.
The complaint states that in order to hide his identity, the Italian coach used a “complex” network of companies instrumental, with companies in some tax havens, “whose only purpose was precisely to prevent the Tax Agency knew the beneficiary of the returns from the farm of your image rights. “
In more detail, the complaint states that the coach signed the July 1, 2013 a private contract where “apparently” he yielded his image rights to the entity Vapia Limited for a period of ten years and for a purchase price of 25,000,000 euros. Days later an annex was formalized that modified the term of this contract which became three years and the purchase price of the image rights was reduced to 1 million euros annually, “without Carlo Ancelotti receives any compensation for these changes
substantial, “explains the Prosecutor's Office.
It was almost immediately when the private rights contract was awarded image of Ancelotti between Real Madrid, the coach and a society that exploits its image rights “that was not identified until almost a year later and that was different from Vapia Limited.
This new company was subsequently presented in writing indicating that Vapia LLP (not Vapia Limited) is the owner of trainer image exploitation rights until 30 June 2023.
Altogether Vapia LLP, in relation to the transfer and exploitation of image rights of the accused, invoiced Real Madrid 1,015,000 euros in 2014 and 2,590,788 euros in 2015, While than other entities like Nexon Europe or All Contents billed 100.00 and 15,000 euros, respectively.
For its part, Vapia Limited received from the entity Cecil Purnel 62,437 euros in 2014 and 243,570 euros the following year; of Nike 64,086 years in the financial year 2014 and 37,500 euros in the financial year 2015, and the mercantile Perform Media Sales Ltd, Imagosport and CAA Sports the amounts of 56,250 euros, 24,545 euros and 9,204 euros respectively in 2015.
The Prosecutor's Office adds that “the accused received directly from Magnolia TV Spain SLU in 2015 70,000 euros for participation in a program television, and 13,709 euros from the entity Academy for Excelence for his attending a gala dinner in London. “
With all this, the complaint concludes that Real Madrid practiced tax withholdings in 2014 and 2015 for respective amounts of 251,212 and 621,789 euros, while Magnolia TV Spain did it for 17,325 euros.
But outside of these amounts withheld by the white club and Magnolia TV, the complaint ensures that neither the accused nor any of the companies apparently holders of the assignment and exploitation of their image rights have declared or entered any amount of the rest of the contracts nowhere in the world.
The Ancelotti case is the latest known from a wide list of athletes involved in tax fraud cases. The most recent, those of the Atlético de Madrid forward Diego Costa, or the former motorcycling champion and world champion Sito Pons, for whom the Prosecutor's Office alone 24 years in prison.