Fal­cao to ad­mit to tax fraud in Spain

Kuwait Times - - SPORTS -

MADRID: Colom­bian foot­baller Radamel Fal­cao, who played for Atletico Madrid be­tween 2011 and 2013, will plead guilty to tax fraud in Spain and pay a fine of 6.9 mil­lion eu­ros in or­der to avoid a trial, a source on his le­gal team said yes­ter­day. Fal­cao, who now plays in the French league for Monaco, was ac­cused of not prop­erly declar­ing around 5.6 mil­lion eu­ros earned in im­age rights be­tween 2012 and 2014. The striker will plead guilty to the charge, tak­ing sole re­spon­si­bil­ity, a source on his le­gal team said, con­firm­ing re­ports in Span­ish newspaper El Mundo. Fal­cao paid 8.2 mil­lion eu­ros to the Span­ish au­thor­i­ties in July so the agree­ment will re­sult in around 1.3 mil­lion eu­ros be­ing re­turned to the player, the source said. The Span­ish pros­e­cu­tor’s of­fice was un­avail­able to con­firm the re­ports. Span­ish au­thor­i­ties have in­ves­ti­gated numer­ous foot­ball play­ers for al­legedly fail­ing to prop­erly de­clare earn­ings from im­age rights.—Reuters

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