Spanish state prosecutors have accused Real Madrid coach Carlo Ancelotti of alleged tax fraud, claiming he used shell companies to hide parts of his income during his first stint at the club a decade ago.

Prosecutors said in a statement on Wednesday that they were accusing Ancelotti of two counts of tax fraud that would be punishable with four years and nine months in prison.

They accused the Italian coach of having defrauded 1 million euros ($1.7 million) in 2014 and 2015 by only declaring the income he received from Real Madrid, while omitting his income from image rights.

Prosecutors claimed he set up a “confusing” system of shell companies to hide his extra earnings. Ancelotti allegedly used companies “lacking any real activity” based outside Spain “so that neither he nor the mentioned companies had to pay taxes on the large sums earned in Spain or outside our country”, the prosecutors said.

The 64-year-old Ancelotti coached Madrid from 2013 to 2015 before rejoining the club in 2021. He is yet to comment on the accusations.

Ancelotti is one of soccer’s most successful coaches. He is the only coach to have won the Champions League four times — twice with Madrid and twice with AC Milan — and the only coach to have won domestic league titles in England, Spain, Italy, Germany and France.