Ronaldo

BREAKING: Cristiano Ronaldo accepts two-year prison sentence with £16m fine over tax fraud

Cristiano Ronaldo
Cristiano Ronaldo

Cristiano Ronaldo has reportedly been handed a two-year suspended prison sentence and fined £16.5million for failing to pay tax.

The Real Madrid and Portugal star was accused by Spanish prosecutors in June last year of defrauding tax authorities of £12.9million (€14.8million).

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He initially denied allegations that from 2011 to 2014 he defrauded the Spanish treasury when he appeared in court last year.

Ronaldo allegedly concealed income from image rights sales through an opaque financial structure which involved diverting money via Ireland into a tax haven.

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Since then, lawyers representing Ronaldo are understood to have been negotiating with the treasury about a settlement.

But the former Manchester United ace has now pleaded guilty to four charges of fraud and accepted a prison sentence and a fine worth £16.5million (€18.8million), according to Spanish newspaper El Mundo.

Ronaldo, 33, will not face any time behind bars because he has no previous convictions.