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Ronaldo Fined Almost €19m For Tax Fraud

Cristiano Ronaldo was fined almost €19 million by the Spanish tax authorities for tax fraud but will avoid serving a 23-month prison sentence.

The former Real Madrid star agreed to settle the case by paying an €18.8m fine and accepting a suspended jail sentence. Under Spanish law, a first offender can serve anything less than a two-year sentence under probation, and Ronaldo will not have to go to prison.

His court appearance lasted about 15 minutes, as he only needed to sign off on the previously settled agreement. Ronaldo had to enter the courtroom through the front door after his request for special security measures to avoid the spotlight was denied on Monday.

In 2017, Ronaldo denied an accusation that he knowingly used a business structure to hide income generated by his image rights in Spain between 2011 and 2014. After reaching the deal, he paid a fine of €5.7m, plus interest of about €1m, in July 2018, the prosecutor’s office said last week.

Prosecutors had requested for Ronaldo to be handed a 23-month prison sentence. At his initial trial in July 2017, Ronaldo testified and said he strongly rejected any wrongdoing and told the judge he felt victimised by the Spanish authorities.

According to the prosecutor’s report, Ronaldo “obtained significant income” from image rights between 2011 and 2014 and “should have paid tax in his subsequent declarations” to the Spanish authorities but failed to do so.

He departed Madrid last summer after nine seasons at the club to join Juventus in a €100m transfer. The former Manchester United player claimed that the treatment received by the Spanish authorities played a part in his desire to leave Madrid.

Ronaldo earns an estimated $93m (€80m) a year, according to Forbes, with approximately half coming from image-rights deals with his many sponsors.