Menu
Finance

Cristiano Ronaldo Denies Spanish Tax Office's Allegations Of $16.6M Tax Fraud

Cristiano Ronaldo "strongly denied allegations he defrauded the Spanish tax office" of  €14.8M ($16.6M), according to Jack Austin of the London INDEPENDENT. A statement from Ronaldo's management company, Gestifute, said, "Cristiano Ronaldo signed for Real Madrid in 2009 under the Law of Impatriots, legislation in force and prevailing then, and he was taxed only for the incomes that were attributable to Spain. ... In conclusion: the declared amount can be discussed, but it is clear that the football player did not try to evade taxes." Real Madrid said in a statement, "Real Madrid CF shows their full confidence in our player Cristiano Ronaldo, who we understand has acted in accordance with the legality regarding compliance with their tax obligations" (INDEPENDENT, 6/14).

SPECIAL REQUEST: EL CONFIDENCIAL reported Real Madrid requested that various media outlets "use pictures of Cristiano Ronaldo in which he is not wearing a Real Madrid shirt." The team "understood that the news about Ronaldo being accused of fraud could not be explained or mitigated." But Real Madrid wanted the coverage to refer to "Cristiano Ronaldo the Portuguese footballer," not the "leader and one of the captains of Real Madrid" (EL CONFIDENCIAL, 6/14). In Valencia, Carlos Bosch reported the request by Real Madrid "had an effect." The news broke on Tuesday and "for most of the day, As and Marca's stories showed Ronaldo wearing Real Madrid gear." The Wednesday editions of those publications "met the request of the club: Cristiano was not wearing the Real Madrid shirt, instead appearing in a Portugal shirt." The "same thing happened with El Mundo and El País" (SUPERDEPORTE, 6/14).

SBJ Morning Buzzcast: April 25, 2024

Motor City's big weekend; Kevin Warren's big bet; Bill Belichick's big makeover and the WNBA's big week continues

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2017/06/15/Finance/Cristiano-Ronaldo.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2017/06/15/Finance/Cristiano-Ronaldo.aspx

CLOSE