Cristiano Ronaldo accepts £17m fine over tax fraud

Cristiano Ronaldo accepts £17m fine over tax fraud

The long legal battle between superstar Cristiano Ronaldo and Spanish tax authorities has come to an end after Ronaldo signed a £17m fine agreement.

The Portuguese pleaded guilty to tax fraud in Spain and accepted a £17m fine and a suspended 23-month jail sentence. But he will not be serving the jail term because Spanish law allows for some sentences under two years to be spent on probation, unless the person commits a further offence.

 

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The former Real Madrid player was accused of failing to declare income of around £25m from image rights, hence defrauding authorities of £12.9m in unpaid taxes between 2011 and 2014 during his time at the capital city.

Ronaldo spent few minutes at the court in Madrid, but his presence was greeted with huge media presence. Former teammate Xabi Alonso was also present at the court to answer a case of also defrauding tax authorities of just under £2m between 2010 and 2012.

Ronaldo joined Juventus last summer from Real Madrid in a deal worth around €100 million. He has however made a total of 20 appearances scoring 14 times.

 

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