U.S. Markets open in 24 mins

Report: Cristiano Ronaldo avoids jail time, but will have to pay $21 million fine in tax fraud case

Cristiano Ronaldo, Real Madrid superstar and member of Portugal’s World Cup team, has reportedly reached a deal with the Spanish government to settle tax evasion accusations. According to Spanish newspaper El Mundo (via USA Today), Ronaldo will pay the Spanish government $21.7 million, and has accepted a two-year suspended prison sentence, meaning he’ll avoid serving any jail time.

Ronaldo was accused of avoiding taxes in Spain between 2011 and 2014, specifically in relation to his image rights. Spain maintained that Ronaldo had defrauded their tax authority of nearly $18 million, as he had supposedly funneled money into Ireland, which is known as a tax haven. The amount Ronaldo is reportedly paying includes not just the amount he owes, but also various fees and fines associated with the case.

As part of the settlement, Ronaldo reportedly admitted to four counts of tax evasion. In court a year ago, Ronaldo denied any wrongdoing, but offered to pay the Spanish government about $17 million. That offer was rejected.

Portugal’s forward Cristiano Ronaldo takes part in a training session at the Fisht Olympic Stadium in Sochi on June 14, 2018, on the eve of the Russia 2018 World Cup Group B football match between Portugal and Spain. (Photo by Adrian DENNIS / AFP) (Photo credit should read ADRIAN DENNIS/AFP/Getty Images)

The leaked report of Ronaldo’s agreement with the Spanish government is only fueling speculation that he may leave Real Madrid after the World Cup. Ronaldo is reportedly unhappy with his club for several reasons, and its lack of action on his tax evasion accusations is just one. Ronaldo makes significantly less than fellow superstars Neymar and Lionel Messi (who has also had tax issues with the Spanish government).

The timing of this leaked agreement is also interesting — Ronaldo and Portugal are scheduled to face Spain on Friday, just a few hours after the agreement was made public. Was it a ploy to distract Ronaldo from the game? Who knows. Ronaldo is 33 and this is likely his last chance to win a World Cup, so it would probably take more than his tax evasion payment going public to distract him from his goal.

– – – – – –

Liz Roscher is a writer for Yahoo Sports. Have a tip? Email her at lizroscher@yahoo.com or follow her on Twitter at @lizroscher.

More from Yahoo Sports:
Give ‘em the bird: Pop singer flips off World Cup TV audience
Was MJ’s infamous ‘98 Finals shot a foul? The ref speaks
Maryland reviewing chain of events that led to player’s death
U.S. Open: Mickelson, Spieth, McIlroy struggling