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Madrid coach, Carlo Ancelotti faces over 4-years in prison after being charged with defrauding the Treasury of £800,000 by prosecutors in Madrid

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Carlo Ancelotti

 

Real Madrid coach, Carlo Ancelotti could reportedly face over four years in prison after prosecutors in Madrid charged him with having defrauded the Treasury to the tune of over £854,000 (€1million), according to reports in Spain.

The Italian manager is said to have not paid the necessary tax during his first stint managing the Madrid club between 2013 and 2015, despite being registered as a resident in Spain for tax purposes.

Ancelotti allegedly declared his earnings from his Real Madrid salary but is accused of having omitted money earned from his image rights, instead transferring the sum to other entities.

The former Chelsea and AC Milan head coach has been charged with two crimes against Spain’s Public Treasury by the Provincial Prosecutor’s Officer in Madrid, and as per Marca, a prison sentence of four years and nine months has been requested should Ancelotti be found guilty.

The total sum in question stems from the fiscal years 2014 and 2015, with the first year reportedly seeing Ancelotti fail to declare £33,813 (€39,575) and the second £577,340 (€675,718).

The prosecutors’ official statement with the announcement of the charges alleges that the 64-year-old set up a ‘complex’ and ‘confusing’ network of trusts and companies that allowed the money earned from his image rights to be domiciled outside of Spain.

 

This, the prosecutors stated saw Ancelotti pursuing opacity in the face of the Spanish Public Treasury and the concealment of the real beneficiary of his income from his image rights, so that neither he nor any of the said companies, would have to pay taxes on the large amounts received in Spain or outside our country’.

According to prosecutors, Ancelotti transferred his image rights to Vapia Limited for a period of ten years for £21m (€25m) in July 2013, shortly signing after his first three-year contract with Real Madrid.

 

Ancelotti is then alleged to have appointed himself at the helm of the company, ‘granting him the maximum powers of action to manage his image rights’, before later reducing the length of the period covered to three years and dropping the sale price to £854,000 (€1m).

 

He was then said to have transferred 50 per cent of his image rights to Real Madrid in a private contract, with the other 50 per cent being held in an ‘unnamed’ and ‘undetermined’ company named Vapia LLP, which was domiciled in London.

‘In this way, the accused used the company Vapia LLP so that it formally presented itself to Real Madrid as the owner of the image rights even though it had not even been formally attributed to them, since the aforementioned transfer contract of 1 July 2013 was with Vapia Limited,’ the prosecutors’ letter continues.

 

During his time at the club and while domiciled in Spain, Ancelotti is claimed to have ‘omitted all income corresponding to the exploitation of his image rights’ when filing his self-assessed tax declarations, which in 2014 amounted to £1.1m (€1.2m), and £2.5m (€2.9m) in the 2015 financial year.

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WAFU Cup of Nations: Nigeria, Ghana to renew rivalry in Accra

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The Flying Eagles of Nigeria have been drawn with hosts Ghana and Benin Republic in Group A of the maiden WAFU B U-20 Cup of Nations.

Cote d’Ivoire, Burkina Faso, Niger Republic and Togo are in Group B.

The top two teams in each group will advance to the semi-final.

The competition will run from Thursday, 10 July to Wednesday, July 23.

WAFU B Cup of Nations is designed to nurture young talents in the West African sub-region.

Aliyu Zubairu’s Flying Eagles will use the competition as part of their preparations for the 2025 FIFA U-20 World Cup in Chile.

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Rio Ferdinand tells Grealish three clubs he should join after Man City exit

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Former Manchester United centre-back, Rio Ferdinand has told Manchester City player, Jack Grealish three clubs he should consider joining after he finally leaves Etihad Stadium.

Grealish’s time at the Cityzens appears to be nearing its end after head coach Pep Guardiola excluded him from the squad for the ongoing FIFA Club World Cup.

The 29-year-old struggled for regular playing game-time under Guardiola last season and was also left out of the City’s squad that lost the FA Cup final against Crystal Palace.

The attacking midfielder is expected to leave City this summer transfer window and Ferdinand wants the England international to join Napoli, Marseille or a Saudi Arabia club.

“I”d advise Jack Grealish to play where he’ll be happy,” Ferdinand said on his YouTube channel.

“He needs to find happiness with himself playing football but also within a team.

“If I’m him, you know where I would go? Saudi.”

He added, “I would love to see Grealish in Napoli, that atmosphere.

“[Also] Marseille with Roberto de Zerbi, where I know the fans will love him.”

Grealish’s contract with Manchester City will expire in 2027. He had joined the former Premier League champions from Aston Villa some years ago.

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Poor weather, low tickets, shock defeats – An overview of the ongoing 2025 Club World Cup

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There was little or no buzz ahead of the 2025 Club World Cup.

FIFA tried their best to generate excitement among football lovers but did not achieve much.

They included Lionel Messi’s Inter Miami under a special ‘host nation’ spot for the regular-season winners of MLS.

FIFA president, Gianni Infantino, even commented that Al Nassr superstar, Cristiano Ronaldo “might play in the Club World Cup” and increased the winner’s prize money by a whopping $35m.

But there are other factors that make any tournament successful.

One of them is the weather.

Players have had to battle through difficult conditions for some matches, as kick-offs are scheduled at noon and 3pm local time on scorching hot summer days.

For the Paris Saint-Germain vs Atletico Madrid group match at the Rose Bowl in Pasadena, the temperature was recorded at 31 degrees Celsius shortly after kick-off at midday local time.

PSG manager, Luis Enrique, claimed afterwards that the heat “had an impact on the game.”

The fans have not been thronging to the stadium to watch either.

Messi-mania brought them in for the opening fixture against Al Ahly, and PSG thrashed Atletico Madrid in front of 80,000 fans in Los Angeles a day later.

But Monday’s Chelsea vs LAFC encounter at the Mercedes-Benz Stadium in Atlanta was played out in front of 22,137 spectators – less than one-third of the stadium’s 75,000 seat capacity.

On the same day, a Group C match between Flamengo and Esperance attracted 25,797 fans to Philadelphia’s 69,000-seat Lincoln Financial Field, representing a 37.4% attendance rate.

After one week of the Club World Cup, how has it gone?

“My opinion of it before the tournament started, was that it was unnecessary and just an extra set of games adding to the already awful schedule,” Clinton McDubus, a top football analyst and podcaster, tells Ekwutosblog.

“Now, while I still think the schedule is crazy, my opinion on the tournament itself has changed.

“The idea makes some sense, but there has to be a way to do it better.

“Of course, it’s the first edition. So it will grow with time. I like the idea of it now, especially for the non-European teams.”

McDubus also shared some suggestions as to how FIFA could make the competition better.

He said: “Where it’s hosted, to begin with. So far, America seems to be a poor choice.

“The incessant weather stoppages, the attendance issues (some due to timing of games, and also due to how difficult it is to even get a visa to the USA right now).

“Also, the ‘Superior Player of the Match’ decisions being publicly voted has led to integrity issues.”

According to McDubus, the quality of football has been generally okay.

“I think the quality has been generally very good, apart from some obvious exceptions like the Bayern/Auckland game,” he said.

“The South American and African teams have shown a lot of quality, especially.

“Many expected this to be a walk in the park for the European teams but we’ve seen a bunch of them fail to win so far,” he added.

We have gotten the chance to see every of the 32 teams at the tournament.

Some of the early favourites have not set America alight.

Real Madrid, for instance, played out a 1-1 draw with a competent Al-Hilal side. UEFA Champions League finalists Inter Milan, were also held to a 1-1 draw by Monterrey.

In their second group fixtures, PSG and Chelsea have suffered shock defeats to Palmeiras and Flamengo..

But for McDubus, his favourites to win from what he has seen so far, is PSG – the current champions of Europe.

“I think PSG look unstoppable right now. They should be regarded as favourites.

“Then Manchester City, Bayern and Real Madrid,” he added.

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