Taxman OKs Ronaldo multi-million tax settlement

MADRID: Spanish tax authorities have given their ok for football superstar Cristiano Ronaldo to pay close to 19 million euros ($22 million) to settle a tax fraud claim, prosecutors said Friday (Saturday in Manila).

Prosecutors in Madrid said the deal with tax authorities and Ronaldo’s advisors also includes a two-year jail sentence which he won’t serve. Sentences of up to two years are generally not implemented in Spain for first-time offenders in non-violent crimes.