Carlo Ancelotti has been sentenced to one year in prison for tax fraud.
The Brazil manager was found guilty of tax fraud dating back to 2014 when he was in charge at Real Madrid.
He was accused of concealing income related to his image rights.
But, he has been acquitted of another possible tax offence committed in 2015, also related to the collection of his image rights while he was employed by Real Madrid.
Despite the verdict, Ancelotti is unlikely to serve any time behind bars.
Under Spanish law, any sentence under two years for a non-violent crime rarely requires a defendant without previous convictions to serve jail time.
Ancelotti spent three years in his first reign as Madrid boss, before leaving in 2016 to join Bayern Munich for a season.
After spells with Napoli and Everton, he returned to the Spanish capital in 2021 before leaving again to take over Brazil this year.
The 66-year-old was accused of misleading the tax office to avoid paying over £833,000 in income tax.
Ancelotti had vehemently denied any wrongdoing – but the former AC Milan boss has previously underpaid tax.
He admitted to not paying his fair share of tax in 2014 but blamed his doing so on errors from his accountants.
Ancelotti is adamant that he hasn’t broken the law, claiming he did not spend the 183 days in Spain required to pay tax.
