Ronaldo to pay fine for tax fraud in deal with Spanish authorities
The footballer had already reached a tentative deal with the state prosecutor’s office.
Spanish tax authorities have accepted a deal with footballer Cristiano Ronaldo to plead guilty to tax fraud and pay a fine of close to 19 million euros (£17m).
The agreement means the footballer will get a reduced prison sentence that is likely to be suspended.
A source with knowledge of the deal confirmed the agreement will be finalised in the coming days.
In Spain, a judge can suspend sentences for two years or less for first-time offenders.
Ronaldo had already reached a tentative deal with the state prosecutor’s office but Spain’s tax authorities had yet to sign off the agreement.
Last year, a Spanish state prosecutor accused Ronaldo of four counts of tax fraud from 2011-14 worth 14.7 million euro.
The prosecutor accused the Portugal forward of having used shell companies outside Spain to hide income made from image rights. The accusation does not involve his salary from his former Real Madrid club.
Ronaldo denied any wrongdoing when questioned by a judge last July. He left Madrid this month to sign for Italian champion Juventus.
In 2016, Barcelona forward Lionel Messi received a suspended 21-month jail sentence after being found guilty of defrauding tax authorities of 4.1 million euros.