Former Real Madrid coach Carlo Ancelotti has been sentenced to one year in prison and will pay a hefty fine after being found guilty of tax fraud.

The court found Ancelotti guilty of not paying tax on his image-rights revenues during his debut season in charge of Real Madrid over a decade ago. The prosecution argued the 66-year-old only reported his salary in his Spanish tax returns, not his image-rights income.

A Madrid court on Wednesday handed down a one-year sentence and a €386,000 ($452,000) fine to Brazil coach Carlo Ancelotti for failing to pay tax on his image rights revenues when he was Real Madrid manager in 2014,