- Although he will not see the inside of a prison cell, Ronaldo will part with €19 million (R292 million)
- This is after he struck a deal with Spanish tax authorities to plead guilty to tax fraud
- He pleaded guilty to four tax evasion charges between 2011 and 2014.
Juventus forward Cristiano Ronaldo has accepted a two-year suspended jail sentence over tax fraud.
Despite his sensational move to the Italian giants, Ronaldo still faced several counts of tax fraud after being accused of evading tax in his years in Spain.
Spanish tax agencies have reportedly struck a deal with the five time Champions League winner in an agreement that will see him part ways with up to KSh 2.2 billion.
Ronaldo on Thursday, July 26, pleaded guilty to four tax evasion charges between 2011 and 2014.
The Portuguese star’s management company, Gestifute, initially denied the allegations and he had gone on to avoid any comments on the subject throughout numerous press conferences during his time in Spain.
Further reports indicate the deal involved Ronaldo avoiding jail if he pleaded guilty to the tax fraud charges.
The fact that he is a first time offender also played in his favor in avoiding setting foot in prison.
Ronaldo’s greatest rival Lionel Messi also faced similar charges in 2017 as he and his father failed to pay copyright tax.
Messi was consequently sentenced to 21 months in prison in another suspended jail sentence.
Part of the factors that heavily played in Ronaldo’s decision to ditch Spain for Italian football included the manner in which he felt authorities were handling his tax situation.
Ronaldo was allegedly growing increasingly fed up with the hefty tax imposed on star foreign footballers such as himself and Italy came calling with far more favorable tax conditions.
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