Real Madrid is backing its Star Player Cristiano Ronaldo over Tax allegations by Spain of defrauding Spanish authorities of $16.4 million in tax.
The Spanish club said it has full confidence in the player and 32-year-old forward will prove his “total innocence.”
On Tuesday, the prosecutor’s office in Madrid said that between 2011 and 2014 Ronaldo had used a “business structure” — created in 2010 — to hide the revenue generated by his image rights from the Spanish treasury, describing the breach as “voluntary” and “conscious.”
It said Ronaldo “intentionally” did not declare income of €28.4m (£25m) related to image rights, and declared €11.5m of earnings from 2011-14 when his real income was almost €43m.
In December last year, GestiFute published details of Ronaldo’s £191m assets in response to allegations of tax evasion.
As per the Forbes Magazine, the player is the world’s highest-paid sports star and he has been charged
with four crimes against the public treasury.
According to Forbes, Ronaldo has earned $93m over the last 12 months, with his salary accounting for $58m and endorsements $35m.
Last month, tax officials said Ronaldo had adjusted his tax declarations and paid an extra €6m (£5.3m) in 2014.