Football: Real Madrid's Marcelo admits tax fraud

November 29, 2017 | 11:43

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MADRID: Real Madrid left-back Marcelo on Tuesday (Nov 28) admitted defrauding the Spanish tax authorities of nearly half a million euros, according to a judicial source.

Real Madrid's Brazilian defender Marcelo controls the ball during a UEFA Champions League football match between Tottenham Hotspur and Real Madrid at Wembley Stadium in London on Nov 1, 2017. (Ben STANSALL/AFP)

Brazilian international Marcelo admitted to tax fraud in court in Alcobendas, on the outskirts of Madrid, after being accused using front companies to hide €490,917 (US$579,348) he earned from image rights in the 2013 financial year, a sum which he will now pay back.

The Madrid vice-captain's admission of guilt is a first step in a deal he is trying to cut with Spanish prosectors and officials.

Once drafted, the prospective agreement will be presented to a judge. It will probably include a four-month suspended prison sentence and an additional fine equivalent to 40 percent of the sum he hid from the tax man.

According to reports, Marcelo has used companies in Uruguay and the UK since 2006 to render his income from image rights "fiscally opaque".

Marcelo's trial is part of the Spanish tax authorities' offensive on football, which has also caught the game's two biggest stars.

Marcelo's Real teammate Cristiano Ronaldo is accused of having evaded €14.7 million in tandem with his powerful agent Jorge Mendes, who is suspected of helping many of his clients defraud tax authorities.

AFP

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