Cristiano Ronaldo has agreed to pay a €18.8 million ($21.8 million/£16.4 million) fine in a Spanish tax evasion case, according to Spanish newspaper El Mundo via Reuters.
The Spanish Tax Agency alleged that Ronaldo concealed €14.7 million ($17 million) in income through a complex financial arrangement that diverted cash to a tax haven in the British Virgin Islands between 2011 and 2014.
The Portuguese Captain has long denied the charges, but reached an agreement with Spanish authorities on Friday, El Mundo said. He is unlikely to actually serve any time in jail because a sentence of under two years for a first offense can be served on probation under Spanish law, Reuters said.
The deal was struck just hours before Ronaldo is due to play his first 2018 FIFA World Cup match, as Portugal takes on Spain in Sochi, Russia, on Friday evening.