Ancelotti among those named in Pandora Papers controversy—report

Real Madrid manager Carlo Ancelotti is among those named in the recently leaked Pandora Papers, according to El Pais.

The Pandora Papers are a collection of around 29,700 offshore companies linked to some of the world’s most wealthiest people. Over 300 politicians from over different 90 countries have been revealed in the investigation so far. 133 Forbes billionaires are also included in the leak.

El Pais reports that Ancelotti is one individual who has allegedly used one of the linked companies to tax problems. Manchester City manager Pep Guardiola allegedly held an account in Andorra while managing Barcelona. Former Madrid and current PSG player Angel Di Maria has been named as well.

Ancelotti was first indicted by a Spanish federal prosecutor on suspicion of avoiding around €1 million in taxes while managing Everton last year. These allegations were regarding the 2014-15 tax revenue from image rights during his first stint managing Real Madrid.

These new leaks follow the massively-leaked Panama Papers in 2016, which also named several football figures including Lionel Messi.

The investigation is ongoing as there are a reported nearly 12 million documents to go through from different offshore companies.