Juventus forward Cristiano Ronaldo has accepted a two-year suspended jail sentence over tax fraud.
While the representatives of the five-time Ballon d'Or victor reiterated his innocence of the allegations, they have now accepted the hefty fine and the two-year prison sentence.
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.
In Spanish law, a first-time offender of a non-violent crimes can actually avoid going to prison if their sentences are two years or less unless the offender commits the same crime again during the two-year period.
The captain of the Portugal national team officially admitted the four charges of fraud and agreed to the abovementioned settlement, after initially seeing a £12.9m (R220m) offer rejected by the Spanish authorities previous year.
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The 33-year-old former Real Madrid striker, who has moved to Juventus, appeared in court last July near Madrid to answer four counts of tax evasion.
The amounts allegedly defrauded were 1.39 million euros ($1.62 million) in 2011, 1.66m euros ($1.93 million) in 2012, 3.2m euros ($3.72 million) in 2013 and 8.5m euros ($9.90 million) in 2014.
His legal team had blamed the affair on a simple different interpretation of which revenue he was obliged to declare in Spain.
The Argentinian football star Lionel Messi earlier paid a 2-million-euro fine in 2016 in his tax case and received a 21-month jail term.
He will also pay 250 euros-per-day for the 48 months covering the prison sentence.