Cristiano Ronaldo Accused of 14.7 Million Euro Tax Evasion

Owen Stevens
June 14, 2017

The prosecutors said that Ronaldo had intentionally used a business created in 2010 to hide his image rights income in Spain between 2011 and 2014.

In a statement released on Tuesday, Madrid's regional state prosecutor accused Ronaldo, 32, of four counts of tax fraud from 2011 to 2014. This is a developing story, more details to follow.

Last month, the Spanish tax authorities announced Ronaldo had adjusted his tax declarations and paid an extra 6 million euros in 2014.

Ronaldo is the latest in a line of footballers to have problems with Spanish tax authorities, with Lionel Messi the highest profile player to be affected.

"Cristiano Ronaldo and Jose Mourinho are fully compliant with their tax obligations with the Spanish and British tax authorities", Gestifute said in a statement in December.

Messi and his father were both sentenced in July past year after being found guilty of three counts of tax fraud.

The denial arrives hours after a tax fraud lawsuit was filed against him in Madrid.

The prosecution said Ronaldo had taken advantage of a corporate structure created in 2010 that served to hide the iconic player's income derived from his image rights.

Yet prosecutors insist Ronaldo's alleged offshore banking was a "voluntary" and "conscious" way to avoid paying taxes in Spain.

Evidence collected by tax officials will be scrutinised before prosecutors decide whether to charge Ronaldo before the end of June. It's not like the soccer star can't afford to pay his taxes.

Afterwards, Spanish sports newspaper Marca called Real Madrid, who also won La Liga this year, "masters of the universe".

That year, he also inked a lifetime deal with apparel giant Nike worth upward of $1 billion.

Because the court's sentence was less than two years and neither Messi had a criminal record, neither was sent to prison. Last year, he helped Portugal win its first European championship.

He has since denied any wrongdoing.

Other reports by VgToday

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