#CristianoRonaldo fined $21m in tax evasion case
Football superstar Cristiano Ronaldo has cut a deal with a court in Madrid over tax evasion charges, accepting an €18.8m (£16.6m) fine
What are the allegations against Ronaldo
Footballer Cristiano Ronaldo has pleaded guilty to tax evasion, accepting a fine worth 18.8 million euros ($21.4m) and a suspended 23-month jail term after a pre-agreed deal with Spanish tax authorities last year
The 33-year-old Portuguese captain appeared in a court in the Spanish capital, Madrid, on Tuesday, over accusations of using shell companies outside Spain to hide income made from image rights
The five-time world footballer of the year is unlikely to serve a 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
Ronaldo, who plays for Italian club giant Juventus, came out of the courtroom smiling, pausing to sign autographs before leaving in a black van
In 2017, a state prosecutor accused Ronaldo of four counts of tax fraud between 2011-2014 worth 14.7 million euros ($16.7m) via a shell company based in the British Virgin Islands and another in Ireland, known for low corporate tax rates.
In addition, prosecutors said Ronaldo declared only 11.5 million euros ($13.6m) of Spain-related income from 2011 to 2014, during which time his actual earnings were close to 43 million euros $50.8m
They also accused the star footballer of « voluntarily » refusing to include 28.4 million euros ($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.
After reaching the deal, he paid a fine of 5.7 million euros ($6.5m), plus interest of about one million euros, in July 2018, the prosecutor’s office said last week
Ronaldo, who is also facing rape allegations by a former model in the United States, is the latest football star to fall foul of tax evasion in Spain
Barcelona’s Lionel Messi was handed a 21-month prison sentence in 2017 on similar charges, but Spanish law allowed him to exchange it for a fine