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Another Real Madrid star faces jail term over tax fraud

By International Adviser, 21 Mar 18

Former Real Madrid star Xabi Alonso is facing a possible five-year jail term after Spanish authorities accused him of tax fraud.

Another Real Madrid star faces jail term over tax fraud

Former Real Madrid star Xabi Alonso is facing a possible five-year jail term after Spanish authorities accused him of tax fraud.

He joins a long list of Galacticos who have come a cropper with their image rights payments. Ronaldo and Barcelona star Messi have also been in trouble over their image rights. Most recently Sanchez was embroiled with the Spanish tax office.

Spanish prosecutors say he owes nearly €2m ($2.4m; £1.7m) in tax related to earnings from his image rights from 2010 to 2012, when the former Spanish international was playing for Real Madrid. They are also seeking a €4m fine.

Alonso, 36, who has also played for Liverpool, denies any wrongdoing.

The same sentence is being sought for the player’s financial adviser, Ivan Zaldua, as well as the manager of the Portuguese company he is alleged to have used to avoid tax Ignasi Maestre Casanova.

 

 

Tags: Fraud | Spain

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.