Cristiano Ronaldo Agrees To Tax Payment Of €18.8M
Real Madrid’s forward, Cristiano Ronaldo has reached a deal with Spanish tax authorities to serve a two-year suspended sentence and pay a €18.8 million ($21.8m) fine in a tax evasion case. Ronaldo is unlikely to serve any time in jail under the deal because Spanish law states that a sentence of under two years for a first offence can be served on probation. The 33-year-old Portuguese footballer is accused of evading €14.7m in taxes and, through his agents, has denied the allegations. Ronaldo is due to play for Portugal on Friday in a World Cup match against Spain. According to reports, Ronaldo has agreed to plead guilty to four counts of tax fraud at six months per count for a total of two years of prison term, although he is not likely to serve it. According to the reports, Ronaldo’s representatives are confident that the prison term will be negotiated for a second fine.