Cristiano Ronaldo has reportedly paid £12.1million to end his tax dispute in Spain after having accepted a two-year suspended prison sentence this week.
According to Spanish radio station Cadena Cope, they reported this week that he has deposited the £12.1m and will also pay a further £4.7m in fines and costs. He has also accepted a two-year prison sentence which he will never have to serve because first offences for administrative crimes involving terms of two-years or less are not custodial in Spain.
It was also claimed that Spain’s high tax rate was a contributing factor why Cristiano Ronaldo leftReal Madrid for Juventusin a £100m deal.
Report also has it that the Portuguese star plans to put his £4.8m Madrid mansion in the exclusive ‘La Finca’ neighborhood on the market and is seriously contemplating closing all his business interests in the Spanish capital.