Spanish prosecutors accuse Real Madrid coach Carlo Ancelotti of tax fraud

If found guilty, the sitting coach could face years in jail.

Transcript

00:00 Real Madrid coach Carlo Ancelotti has been accused by Spanish prosecutors of tax fraud

00:06 to the value of one million euros.

00:10 He has been accused of setting up shell companies to hide part of his earnings during his tenure

00:15 as the club's manager.

00:18 It is alleged he used these firms to conceal income gained from image rights, which he

00:22 failed to declare.

00:24 If found guilty, he faces five years in prison.

00:28 The 64-year-old has not yet responded to the charges.

00:32 [MUSIC PLAYING]