Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Cristiano Ronaldo fined 3.2 million euro in tax evasion case

FILE PHOTO: Soccer Football - World Cup - Round of 16 - Uruguay vs Portugal - Fisht Stadium, Sochi, Russia - June 30, 2018 Portugal's Cristiano Ronaldo reacts REUTERS/Jorge Silva/File Photo

MADRID (Reuters) - Cristiano Ronaldo will be fined 3.2 million euros (2.82 million pounds)and sentenced to 24 months in prison, a sentence he is unlikely to serve, after settling a tax evasion case with Spanish tax authorities, the prosecutor said on Friday.

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

Ronaldo is unlikely to go to prison as Spanish law states 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-euro fine plus the 5.7 million euros in back taxes, 1 million euros in accrued interest and 250 euros-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 euros in total.

(Reporting by Emma Pinedo; Writing by Paul Day; Editing by Sonya Dowsett)

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.