Real Madrid Solidly Behind Cristiano Ronaldo

Spanish giants, Real Madrid released a statement on Wednesday stating their confidence in the star player, Cristiano Ronaldo.

The player’s club, in the statement on their website, said the player has fulfilled all “his fiscal obligations”.  They further stated that Ronaldo has shown a clear resolve to fulfil all his tax obligations.The statement reads:

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The statement reads:

“Real Madrid C.F. have full confidence in our player Cristiano Ronaldo, who we understand has acted in accordance with the legality regarding of his fiscal obligations. 

“Since his arrival at Real Madrid C.F in July 2009, Cristiano Ronaldo has always shown a clear will to fulfil all his tax obligations.

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

“Real Madrid C.F hope that justice is done as quickly as possible so that his innocence can be proven as soon as possible.”

World highest paid athlete Cristiano Ronaldo, just like Lionel Messi was accused by Spanish tax authorities of tax fraud (€14 million) and will likely appear in court soon.

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In a statement released on Tuesday, the Spanish authorities said the 32-year old took advantage of a business structure created in 2010 to hide from fiscal authorities income generated in Spain from image rights.

It noted that Ronaldo used what it deems a shell company in the Virgin Islands to “create a screen in order to hide his total income from Spain’s Tax Office.

Ronaldo’s agency had previously rubbished any suggestion of tax evasion when they said that he was up to date on his taxes and last month, tax officials said he adjusted his tax declarations and paid an extra €6 million in 2014.

Meanwhile, Real Madrid midfielder, Luka Modric, has appeared as a key witness at a corruption trial yesterday.

The player testified about his financial deals with a former Dinamo Zagreb director charged with tax evasion and embezzlement.

Modric, who is not a suspect, gave his own account of the financial details of his 2008 transfer from Dinamo to Tottenham.

He said he had an agreement with former Dinamo director Zdravko Mamic to pay the club 50 percent of the transfer.

The Croatian international revealed that the transfer to Tottenham was worth “between” €21 million and €23m.

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Modric said that after the money was paid to Dinamo’s bank accounts in Croatia, he gave an unspecified amount “cash in hand” to Mamic’s brother and son.

“My goal was to clear all of my debts toward him [Mamic], so I don’t owe him anything else in the future,” he said.

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