Cristiano Ronaldo has settled a case of tax fraud in Spain after accepting £16.5million fine and a suspended jail term.
The Ex-Real Madrid star appeared in Court on Tuesday.
The Portuguese striker pleaded guilty after he struck a deal last year with authorities in Spain to settle the case by paying a fine and accepting a suspended jail sentence.
Although Ronaldo is unlikely to spend anytime in jail, upon leaving the Courtthe Portugal captain uttered the
words “all good” to the media gathered outside.
In 2017, Ronaldo denied the accusation that he knowingly used a business structure created to allegedly hide income his image rights generated in Spain between 2011 and 2014.
He had paid a fine of £5m, plus interest of about £880k, in July 2018, the prosecutor’s office said last week.
Between 2005 and 2010, the so-called “Beckham law” allowed foreign soccer players in Spain to curb their tax
It was lifted as financial crisis strained state coffers and prosecutors set their sights on the tax affairs of household
names of the soccer world including Ronaldo and Barcelona’s Lionel Messi.