Portuguese football player Cristiano Ronaldo has reached a deal with Spanish authorities to pay a fine for tax evasion, and accept a two-year jail term. However, he is extremely unlikely to serve any time in prison.
Ronaldo, who is accused of evading 14.7 million euros ($17 million) in taxes, reached an agreement with Spanish tax authorities that would see him pay 18.8 million euros.
The agreement, which has still to be ratified, will also likely include a two-year prison sentence. However, jail terms of up to two years are not normally served in Spain for a first-time offense.
Details of the agreement came to light on Friday, just hours ahead of Portugal's tantalizing clash with Spain at the World Cup in Russia.
Tax officials told the Spanish news agency EFE that lawyers acting for the player had presented them with a proposed settlement several weeks ago. This was met with a counterproposal that was accepted by the 33-year-old.
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Ronaldo had consistently said his "conscience is clear," and was reportedly so upset at the allegations that he threatened to leave Spain.
From 2005 to 2010, non-Spanish players were able to minimize the amount of tax they paid under the so-called "Beckham law," after retired England international David Beckham. However, as the financial crisis really began to bite, that exemption was revoked again.