Ronaldo accused of tax fraud totalling €14.7million

Cristiano Ronaldo has denied through his representatives he has ever committed tax fraud in Spain, after a lawsuit was filed against the Real Madrid and Portugal star.

But Ronaldo's good vibes likely came to an end this week, after Spanish prosecutors charged the 32-year-old with four counts of tax evasion.

In the latest case to feature one of the Spanish league's most high profile players being probed by tax authorities, Ronaldo has been accused of knowingly hiding his image rights income between 2011 and 2014.

"Real Madrid C.F are absolutely convinced that our player, Cristiano Ronaldo, will prove his total innocence in this process".

The lawsuit is based on a report sent to the prosecutor's office from Spain's tax agency AEAT, it said.

Ronaldo's agent has denied any wrongdoing and previously declared that the player is "up to date with his taxes'".

"The denunciation implies that everything derives from the participation of a tax haven structure, similar to that of other players", Gestifute said.

Steve Kerr most emotional Warrior after National Basketball Association championship
There are decisions that need to be made every single year and you've got to assess the situation as it is. The Cleveland Cavaliers have been saying they're a better team when their backs are against the wall.

Whatever Leo Messi can do, Cristiano Ronaldo can do better!

Prosecutors say Ronaldo used a shell company located in the Virgin Islands "in order to hide his total income from Spain's Tax Office".

The statement read: " 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".

Ronaldo is alleged to have created a "business structure" in 2010 to hide his earnings from image rights between 2011 and 2014, according to a letter sent to the court by the prosecutor's office.

Now the two are linked by tax woes from income generated in Spain.

Ronaldo joins Barcelona's Lionel Messi, Neymar and Javier Mascherano among soccer stars the Spanish government has accused of tax evasion in recent years.

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