TheCable

Real Madrid forward, Cristiano Ronaldo, has denied defrauding Spanish tax authorities of €14.7million.

In a statement on Tuesday, the prosecutor’s office said Ronaldo knowingly used a “business structure” created in 2010 to hide his income in Spain from his image rights.

“There is no tax evasion scheme,” Gestifute, the agency representing Ronaldo, said in a statement.

“There has never been any hiding nor any intention to hide anything.”

The 32-year-old football star has been accused of four counts of tax fraud from 2011-14.

Ronaldo is the latest high-profile footballer to have his tax affairs challenged by the Spanish authorities.

Argentine Lionel Messi was last year found guilty of three counts of tax fraud.

Spain’s supreme court recently upheld the 21-month prison sentence handed to the Barcelona striker.