Cristiano Ronaldo fined $ 3.7 m in tax evasion case

MADRID (Reuters): Cristiano Ronaldo will be fined EUR 3.2 million ($ 3.7 million) 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 EUR 5.7 million in taxes. He has denied the allegations.

Ronaldo is unlikely to go to prison as Spanish law states a sentence of less than two years for a first offence can be served on probation.

The football star will be required to pay the EUR 3.2 million fine plus the EUR 5.7 million in back taxes, EUR 1 million in accrued interest and EUR 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 EUR 19 million in total.