After four counts of tax fraud within Spain, it has been reported that football icon Cristiano Ronaldo has reached a settlement with Spanish public prosecutors, after pleading guilty. Ronaldo received a $22 million fine as well as a two-year prison sentence, which he is not expected to serve as a first time offender.
The deal was struck by Ronaldo, prosecutors, and Spain’s Solicitor General’s Office and only recently has been accepted by the Spanish Treasury.
It is said that between the years of 2011 and 2014, the former member of Real Madrid avoided a total of €14,768,897 EUR in taxes (approximately $17.1 million USD). Although the total sum of taxes that Ronaldo needs to pay has been reduced to €5.7 million ($6.6 million), the addition of interest and court fees brings the total owed up to just under €19 million ($22 million).
Other footballers including Lionel Messi and Angel Di Maria have been given similar sentences for the same offence. The most recent reports confirm rumours in June that during the World Cup, Ronaldo had “accepted” the sentence.