Tags: cristiano ronaldo | taxes | leaks

Soccer Star Cristiano Ronaldo Cries Foul on Taxes, Leaks

Image: Soccer Star Cristiano Ronaldo Cries Foul on Taxes, Leaks

Cristiano Ronaldo celebrates scoring goal with Daniel Carvajal. (Reuters/Eddie Keogh Livepic)

By    |   Monday, 26 Jun 2017 06:26 AM

Soccer star Cristiano Ronaldo, the highest-paid athlete in the world, is crying foul about taxes in Spain and financial documents leaked to the media that has him threatening to leave the country.

Ronaldo, a star with iconic soccer franchise Real Madrid, was accused by Spanish authorities earlier this month for not paying $16.5 million in taxes, according to Forbes. Fellow European soccer superstar Lionel Messi was found guilty of tax evasion last year, noted Forbes.

Ronaldo has been charged of hiding income by funneling money related to image rights into a series of offshore companies, noted Forbes. The charges have come shortly after Real Madrid won its second straight European Championship, according to New York's quarterly City Journal magazine.

"I have not talked with Cristiano, but they tell me he has been badly treated in this country," Real Madrid president Florentino Perez recently said, per the City Journal.

France, England, and even the United States have been mentioned as destinations for Ronaldo if he carries out his threat to leave Spain, said the City Journal.

The soccer star also has been rankled by media leaks exposing financial details in contracts between soccer clubs, players and agents, sparked by hackers, according to the City Journal. The magazine said the details have been revealed by the website Football Leaks, a professional soccer version of WikiLeaks.

"The original organization in pursuit of the truth; we believe that only through public pressure in high volumes a difference can be made," Football Leaks describes itself on its Twitter account.

The leaks have led to investigative articles being published in Germany's Der Spiegel, the Spanish newspaper El Mundo and others that are part of the European Investigative Collaboration about information and accounts from soccer clubs.

It was El Mundo's story detailing Ronaldo's finances that led to Spain's tax officials to open an investigation into the soccer superstar, said the City Journal.

"Ronaldo may decide that it's not worth the risk to stick around in Spain and face jail time, however unlikely," said City Journal’s Steven Malanga. "If he decides to get far away from Spain, he could wind up somewhere in America, where a marketing bonanza would surely await. For that, U.S. soccer fans would have the Spanish tax man to thank."

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
TheWire
Soccer star Cristiano Ronaldo, the highest-paid athlete in the world, is crying foul about taxes in Spain and financial documents leaked to the media that has him threatening to leave the country.
cristiano ronaldo, taxes, leaks
378
2017-26-26
Monday, 26 Jun 2017 06:26 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved