Prosecutors seek jail term for Ancelotti, as tax trial concludes

Real coach is latest high-profile figure to fall foul of Spanish authorities

MADRID — Real Madrid coach Carlo Ancelotti's tax fraud trial wrapped up Thursday in Spain, with public prosecutors seeking to have him jailed for four years and nine months for allegedly hiding income from the tax office.

Ancelotti — who, as a coach, has won a record five Champions League trophies, including three with Real Madrid — is accused of failing to pay more than one million euros ($1.1 million) due to undeclared earnings from image rights in 2014 and 2015, during his first spell at the club.

Prosecutors allege the 65-year-old set up a "confusing" and "complex" system of shell companies to hide his extra earnings during this period from his image rights and other sources, such as real estate, and only reported his salary.