REVEALED: Cristiano Ronaldo earned a whopping £191m in 2015 as Real Madrid star’s representatives attempt to quash tax evasion allegations by publishing his income online
- Cristiano Ronaldo declared a staggering £191million income for last year
- The figures works out at £523,000 a day, £3.7m a week or £15.9m a month.
- His management company have defended star over allegations of tax evasion
- Gestifute have published financial records showing the whopping income
- Ronaldo tax Q&A: The lowdown on all the reports that Madrid star avoided tax
Cristiano Ronaldo‘s management company have defended their star over allegations of tax evasion by releasing his staggering £191million income for last year.
The eye-watering revelation comes after Real Madrid forward Ronaldo was accused of avoiding tax by using offshore companies in the British Virgin Islands.
But the firm representing the former Manchester United favourite have published financial records showing the whopping income he declared in 2015.
Cristiano Ronaldo has been accused of tax impropriety by a group of European media outlets
The Real Madrid superstar takes part in training on Friday ahead of La Liga tie with Deportivo
The firm representing the ex-Manchester United favourite have published his financial records
CRISTIANO RONALDO’S WAGES AND SPONSORSHIPS
Just a day after penning a new five-year deal with Real Madrid in November that will see him pocket £365,000-a-week after tax, Nike announced their own new long-term endorsement deal with the Portuguese that sees him tied to the brand ‘for life’.
It is sure to see Ronaldo earn an increase on the £14.1million-a-year he banked previously with the Oregon-based sportswear giant, with reports in America suggesting the contract is similar to the $1billion lifetime agreement in place with NBA star LeBron James.
The ex-Manchester United star also has his own underwear line, CR7.
Gestifute, run by super agent Jorge Mendes, released Ronaldo’s ‘Model 720’ tax form online, insisting Spanish tax authorities have previously been supplied the data.
The document claims the 31-year-old Portugal international declared just €23.5m (£19.8m) of income from inside Spain — where he plies his trade with Real Madrid — and made €203.7m (£171m) elsewhere.
Ronaldo’s astonishing £191m he earned last year alone translates to £523,000 a day, £3.7m a week and £15.9m a month.
The form, however, did not show what taxes Ronaldo paid — although Gestifute insist Ronaldo has always cooperated with tax officials.
The accompanying statement read: ‘This document confirms that Spain’s Tax Agency is knowledgeable of all of Cristiano Ronaldo’s assets and income. From now on, the player will not make any further statement on this subject.
‘As reported in recent days, the player has been aware of his tax obligations right away from the beginning of his professional career in all of the countries in which he has resided, and has not and has never had any issue with the tax authorities of any of those countries.
‘This communication, which was not required by law, constitutes irrefutable proof that Cristiano Ronaldo and his representatives are in good faith and cooperate with the authorities in a spirit of transparency and compliance with legality.’
The 31-year-old Portugal captain was among the Real players present during training session
Ronaldo, pictured during Bourssia Dortmund draw, declared £191million income for last year
RONALDO’S REAL HONOURS
La Liga: 2011–12
Copa del Rey: 2010–11, 2013–14
Spanish Super Cup: 2012
Champions League: 2013–14, 2015–16
UEFA Super Cup: 2014
FIFA Club World Cup: 2014
Last week, Gestifute — who also represent United manager Jose Mourinho among other high-profile names in football — denied designing ways to help clients evade millions in taxes.
The allegations are reported by an international consortium of media organisations, which includes The Sunday Times, after a huge data leak of more than 18 million documents.
Real Madrid star Ronaldo is alleged by one of the publications, Dutch website NRC, to have moved €63.5m (£53.4m) to a tax haven in the Virgin Islands at the end of 2014.
It is claimed that Mourinho’s complex financial affairs involved keeping money in a Swiss bank account owned by a British Virgin Islands-registered company. The claims relate to a period before he took over at Manchester United.
Gestifute, run by super agent Jorge Mendes, released Ronaldo’s ‘Model 720’ tax form online
Mendes (right), agent of Ronaldo and Jose Mourinho, strenuously denies the allegations
THE TOP-10 BEST-PAID FOOTBALLERS IN THE WORLD
1= Cristiano Ronaldo (Real Madrid) £365,000 per week £19m per year*
1= Lionel Messi (Barcelona) £365,000 per week £19m per year*
3 Gareth Bale (Real Madrid) £346,000 per week £18m per year*
4 Hulk (Shanghai SIPG) £317,000 per week £16.5m per year
5 Paul Pogba (Manchester United) £290,000 per week £15m per year
6 Neymar (Barcelona) £289,000 per week £15m per year*
7= Graziano Pelle (Shandong Luneng) £260,000 per week £13.5m per year
7= Wayne Rooney (Manchester United) £260,000 per week £13.5m per year
9 Zlatan Ibrahimovic (Manchester United) £250,000 per week £13m per year
10= Sergio Aguero (Manchester City) £240,000 per week £12.5m per year
10= Yaya Toure (Manchester City) £240,000 per week £12.5m per year
All estimated figures are pre-tax, except * where figures are post-tax. Sums may vary according to bonus payments.
Information was originally passed from the Football Leaks whistleblowing site to German publication Der Spiegel earlier this year, and investigated by 60 journalists in the months following.
The European Investigative Collaborations (EIC) consortium said the documents include photographs, spreadsheets and emails.
It added that allegations arising from the probe will be published in the coming weeks, giving ‘an unprecedented look into the gloomy depths of the modern football industry’.
Gestifute, which provides ‘career management’ for sporting professionals, has rejected an allegation of facilitating tax evasion.
Manchester United boss Mourinho was also accused of wrongdoing over his financial affairs
AS led with the story in Friday’s edition
In a statement, the firm, founded by agent Mendes, said: ‘One newspaper makes the unfounded allegation that Gestifute, its clients and its advisers of having, directly or indirectly, created, organised or designed tax structures to facilitate tax evasion using tax havens. The most serious and malicious allegations in the inquiries relate to Jose Mourinho and Cristiano Ronaldo.’
It added: ‘Both Cristiano Ronaldo and Jose Mourinho are fully compliant with their tax obligations with the Spanish and British tax authorities.
‘Neither Cristiano Ronaldo nor Jose Mourinho have ever been involved in legal proceedings regarding the commission of a tax offence.
‘Any insinuation or accusation made to Cristiano Ronaldo or Jose Mourinho over the commission of a tax offence will be reported to the legal authorities and prosecuted.’
Ronaldo was accused of avoiding tax by using offshore companies in the British Virgin Islands
Ronaldo recently penned new five-year deal that will see him earn £365,000-a-week after tax
This document confirms that Spain’s Tax Agency is knowledgeable of all of Cristiano Ronaldo’s assets and income. From now on, the player will not make any further statement on this subject.
As reported in recent days, the player has been aware of his tax obligations right away from the beginning of his professional career in all of the countries in which he has resided, and has not and has never had any issue with the tax authorities of any of those countries.
This communication, which was not required by law, constitutes irrefutable proof that Cristiano Ronaldo and his representatives are in good faith and cooperate with
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