Football: Cristiano Ronaldo fined €3.2m in tax evasion case but set to avoid 24-month jail term

Soccer icon Cristiano Ronaldo will be fined US$3.7 million (S$5 million) after settling a tax evasion case with Spanish authorities, but the total charges could go up to over US$21 million by the time the dust settles.

Cristiano Ronaldo has denied allegations that he has evaded paying €5.7 million in taxes.
Cristiano Ronaldo has denied allegations that he has evaded paying €5.7 million in taxes.PHOTO: REUTERS

MADRID (REUTERS) - Portuguese football star Cristiano Ronaldo will be fined €3.2 million (S$5.1 million) and sentenced to 24 months in prison, a sentence he is unlikely to serve, after settling a tax evasion case with the Spanish tax authorities, the prosecutor said on Friday (July 27).

The 33-year-old is accused of evading €5.7 million in taxes. He has denied the allegations.

Ronaldo, who has just joined Italian Serie A side Juventus from Spanish giants Real Madrid, is unlikely to go to prison as Spanish law states that a sentence of under two years for a first offence can be served on probation.

The football star will be required to pay the €3.2-million fine plus the €5.7 million in back taxes, €1 million in accrued interest and €250 per day for the 48 months covering the prison sentence.

This amount is likely to be only part of the striker's fines over the case, which are expected to rise to around €19 million in total.