Ronaldo agrees to pay €19m fine to settle tax fraud case

The Guardian

The Portugal and Juventus footballer Cristiano Ronaldo has admitted committing tax fraud while playing for Real Madrid and agreed to pay an €18.8m (£16.5m) fine after striking a deal with prosecutors and tax authorities in return for a 23-month suspended prison sentence.

Ronaldo, 33, had been accused of defrauding the authorities of €14.8m (£12.9m) in unpaid taxes between 2011 and 2014.

In 2017, Madrid’s regional state prosecutor alleged the player had used what it deemed to be a shell company in the Virgin Islands to “create a screen in order to hide his total income from Spain’s tax office”.

It said Ronaldo “intentionally” did not declare income of €28.4m (£25m) related to image rights, and declared €11.5m of earnings from 2011-14 when his real income was almost €43m.

The prosecutor also alleged that the forward falsely reported income as coming from real estate, which it said had greatly reduced his tax rate.

Ronaldo arrived in court in Madrid on Tuesday morning, wearing sunglasses and a black blazer and accompanied by his partner, Georgina Rodríguez. His request to be allowed to enter the Provincial court through an underground carpark was denied.

#professional, #soccer

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