Cristiano Ronaldo is unlikely to serve a sentence of 24 months in prison after settling a tax evasion case with Spanish tax authorities, however, the football star will be fined 3.2 million euros ($3.7 million) the prosecutor said on Friday.
The 33-year-old is accused of evading 5.7 million euros in taxes, according to Reuters. 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.
Reuters reported that Ronaldo 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.
According to AFP, the accused made use of a corporate structure created in 2010 to hide from the tax authority income generated in Spain through image rights.
