Ronaldo to join Juventus
Cristiano Ronaldo is leaving Real Madrid to join Italian club Juventus in a move expected to benefit the Portugal forward's tax return.
Juventus said Tuesday it paid 112 million euros ($131.5 million) for Ronaldo, who signed a four-year deal with the Serie A champions.
The move brings an end to a hugely successful nine-year spell in Spain, and takes him further away from a tax fraud case that may end up costing the Portugal forward more than $20 million in fines.
"These years with Real Madrid and in this city of Madrid have been possibly the happiest of my life," Ronaldo wrote in an open letter. "My only feeling is of an enormous gratitude for this club, for these fans and for this city. I can only thank them all for the love and affection I have received.
"But I think the time has come to start a new phase in my life and that is why I have asked the club to accept my transfer. I feel that it is time, and I ask everyone, especially our fans, to please understand me."
Ronaldo joined Real Madrid in 2009 from Manchester United and was the Spanish club's all-time leading scorer with 451 goals in 438 matches. He helped the club win four Champions League titles — beating Juventus in the final in 2017 — and also won the league and cup twice each.
He has scored a record 120 Champions League goals, 105 of them since moving to Madrid — 12 more than Juventus managed in that same period.
But he was unhappy with the way the tax authorities treated him in Spain. Ronaldo, along with several other top players in the country, has been accused of tax fraud, with authorities saying the government was defrauded of 14.7 million euros ($17 million) from 2011-14. Unconfirmed media reports last month said Ronaldo had agreed to pay a fine of 18.8 million euros ($22 million).
In Italy, a new law caps tax on income generated from abroad at 100,000 euros ($117,000) per year for residents who have paid their taxes in other countries for at least nine of the last 10 years.
Other players targeted by Spanish tax authorities in recent years include Lionel Messi, Javier Mascherano and Luka Modric.