News Sports Soccer Cristiano Ronaldo may face legal trouble for hiding millions of dollars in tax havens

Cristiano Ronaldo may face legal trouble for hiding millions of dollars in tax havens

In a shocking news for Cristiano Ronaldo’s fan, Real Madrid star may face a legal trouble after information emerged that he may have avoided paying millions of dollars in taxes by funnelling income to a company in the Caribbean, media reports said.

Ronaldo Cristiano Ronaldo may face legal trouble for hiding millions of dollars

In a shocking news for Cristiano Ronaldo’s fan, Real Madrid star may face a legal trouble after information emerged that he may have avoided paying millions of dollars in taxes by funnelling income to a company in the Caribbean, media reports said.

Efe quoted German newsweekly Der Spiegel as saying on its website on Friday that Germany international Mesut Özil, a former Real Madrid star who now plays for Arsenal, and ex-Real Madrid manager Jose Mourinho -- currently with Manchester United -- may also be implicated in the scheme.

The information emerged from a leak of nearly 19 million documents that found their way to the European Investigative Collaborations (EIC), a consortium of media outfits that includes Der Spiegel, Spain's El Mundo, The Sunday Times of Britain and France-based Mediapart.

Ronaldo, who led Portugal to victory in the Euro 2016 football tournament after helping Real Madrid win their record 11th Champions League trophy, used a company in the British Virgin Island to conceal 75 million euros ($80 million) in income from endorsements, Der Spiegel said.

The EIC report says the tax evasion mechanism was developed by Ronaldo's agent, Jorge Mendes.

Gestifute, Mendes' company, said in a response to the EIC allegations that Ronaldo and Mourinho had "fully respected their obligations vis-a-vis the Spanish and British authorities".

The EIC member institutions say they plan to publish further revelations of wrongdoing in soccer over the coming weeks.

 

(With IANS inputs)