MADRID — Cristiano Ronaldo, the Portuguese soccer star, will pay about $22 million in back taxes and fines as part of a settlement reached with the Spanish tax authorities over undeclared earnings from his advertising contracts, prosecutors have said.
The settlement for Ronaldo, 33, follows a preliminary agreement reached last month, shortly before he played for his country in the 2018 World Cup in Russia and then moved clubs and countries, switching from Real Madrid to Juventus in Italy for a fee of about $110 million.
The settlement of 19 million euros includes a fine of €3.