Ronaldo denies tax fraud complaint

  |   Football / ISL

Cristiano Ronaldo's representatives have strongly denied an accusation that the Real Madrid forward concealed earnings and defrauded the Spanish tax authorities out of €14.7 million.

Earlier on Tuesday, prosecutors in Madrid filed a complaint to a court in Pozuelo de Alarcon that accused the four-time Ballon d'Or winner of a "voluntary" and "conscious" breach of his tax obligations.

The complaint suggested Ronaldo had created a "business structure" in 2010 to conceal earnings from image rights between 2011 and 2014.

However, Gestifute – the company owned by the 32-year-old's agent Jorge Mendes – issued a statement detailing their client's arrangements for payments related to his image rights and insisted "there has never been concealment, or the slightest intention to conceal".

Gestifute said the company, Tollin, does not amount to an offshore structure for evading taxes and was established in 2004 when Ronaldo signed for Manchester United.

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