Real Madrid demand respect for Cristiano Ronaldo tax havens allegetaions

Cristinao Ronaldo has strongly denied allegations that said he hid 150 million euros from image rights in the British Virgin Islands.

Real Madrid launched a staunch defence of star forward Cristiano Ronaldo demanding respect for the three-time World Player of the Year allegations. He had millions of euros earned from image rights in tax havens.

“In light of the information published in recent days and the certificate released by the Spanish tax agency which shows our player Cristiano Ronaldo is up to date with all his tax obligations, Real Madrid demand the maximum respect for a player like Cristiano Ronaldo, whose behaviour has been exemplary during his entire time at our club,” Madrid said in a statement.

Cristinao Ronaldo has strongly denied allegations that said he hid 150 million euros from image rights in the British Virgin Islands.

An international consortium of media organisations on Friday claimed that a huge data leak involving 18 million documents showed the Portuguese skipper hid 150 million euros (USD 160 million) from image rights in the British Virgin Islands.

Ronaldo, 31, has strongly denied the claims in a statement via Gestifute, the firm controlled by his agent Jorge Mendes.

“Cristiano Ronaldo has always acted in good faith in this matter, as the fact that he has never been involved in any conflict with the Tax Authorities from any country where he has lived clearly shows,” read the Gestifute statement.

A statement on the website of La Liga club read: “In light of the information published in recent days and the certificate released by the Spanish tax agency which shows our player Cristiano Ronaldo is up to date with all his tax obligations, Real Madrid demand the maximum respect for a player like Cristiano Ronaldo.”

Ronaldo is just one of a series of Madrid players to have been accused by the “Football Leaks” investigation into corruption in football.

Spanish newspaper El Mundo accused Portuguese defenders Pepe and Fabio Coentrao, also both clients of Mendes, of selling their image rights to companies in the British Virgin Islands and Panama respectively for just one euro.

“In previous years, I voluntarily and anticipating any requirement on behalf of the tax agency came forward to regulate my income from image rights given the change of criteria used by the Spanish tax office.”

Cristiano Ronaldo is at the centre of tax allegations.

Croatian midfielder Luka Modric was also accused by El Mundo on Tuesday of diverting income derived from his image rights to a company registered in Luxembourg.

Pepe was reported to have earned 3.7 million euros in image rights since signing for Madrid in 2007 and Coentrao 3.5 million since 2011.

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