Saturday, July 21, 2018
Text Size

Site Search powered by Ajax

Cristiano Ronaldo 'agrees to pay $21m' to end Spanish tax case

El Mundo newspaper reports that the Real Madrid forward has reached a deal with Spanish tax authorities.

Cristiano Ronaldo

Cristiano Ronaldo, the Real Madrid football superstar, has reached an agreement with Spanish tax authorities to serve two years in prison and pay a 18.8m euro ($21.8m) fine in a tax evasion case, Spanish newspaper El Mundo reported on Friday.

The 33-year-old, winner of the Best Footballer of the Year in 2017 is unlikely to serve the jail term under the deal because Spanish law states that a sentence of under two years for a first offence can be served on probation.

The Portuguese forward, representing his country at the ongoing Russia 2018 World Cup, is accused of evading 14.7m euro in taxes via a shell company based in the British Virgin Islands and another in Ireland, known for low corporate tax rates.

In addition, prosecutors say Ronald declared only 11.5m euro ($13.6m) of Spanish-related income from 2011 to 2014, while what he really earned during that time was close to 43m euro ($50.8m).

They also accuse him of "voluntarily" refusing to include 28.4m euro ($33.6m) in income linked to the sale of his image rights for the 2015 to 2020 period to a Spanish company.

Ronaldo had previously denied the charges through his agents.

The Real Madrid player is the latest football star to fall foul of Spain's taxman.

Barcelona's Lionel Messi was handed a 21-month prison sentence in 2017 on similar charges but under Spanish law was able to exchange the penalty for a fine.

Prosecutors alleged he had taken "advantage of a company structure created in 2010 to hide income generated in Spain from his image rights from tax authorities."

blog comments powered by Disqus

Subscribe via RSS or Email:

After Russia, focus shifts on Qatar...

Read More

Fans in Paris, Zagreb revel in thri...

Read More

France beat Croatia to win World Cu...

Read More

Manny Pacquiao clinches his first k...

Read More

Hopeful Croatia take on formidable ...

Read More

World Cup 2018: Belgium beat Englan...

Read More


Thanks to all of our supporters for your generosity and your encouragement of an independent press!

Enter Amount:


New law makes it possible to grant amnesty for crimes against the constitution and involvement in armed struggle.

Read More



Login reminder Forgot login?

Subscribe to MWC News Alert

Email Address

Subscribe in a reader Facebok page Twitter page

Israel pounds Gaza

Thailand cave boys

2018 World Cup