Carlo Ancelotti handed jail term over Spain tax fraud

A Spanish court has sentenced Brazil coach Carlo Ancelotti to a one-year prison term and a €386,000 fine for tax fraud related to his time as Real Madrid manager, with prosecutors accusing him of defrauding the state of €1 million from 2014 to 2015 using shell companies. Ancelotti, a highly successful coach, is among several high-profile figures facing scrutiny for tax evasion in Spain.

Explain It To Me Like I’m 5: A Spanish court found soccer coach Carlo Ancelotti guilty of cheating on his taxes and gave him a one-year prison sentence and a big fine.

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