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November 30, 2017

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Croat Modric latest Real star accused of tax fraud

Real Madrid midfielder Luka Modric became the latest football star in Spain accused by prosecutors of committing tax fraud on revenue from his image rights, a court filing revealed yesterday.

Prosecutors believe the Croatian, whose wife Vadja is also cited in the accusation, evaded 870,728 euros (US$1.03 million) in 2013 and 2014 via a shell company set up in Luxembourg.

However, that figure could rise once details of financial holdings belonging to the player in the Isle of Man are revealed to Spanish authorities.

Modric, 32, joined Real from Tottenham Hotspur for a reported fee of 30 million pounds (US$40 million) in 2012.

He is just the latest in a series of star players based in Spain to be accused of tax fraud in the past few years.

On Tuesday, Real left-back Marcelo admitted to a 490,917-euro tax fraud via his image rights in 2013.

As part of Marcelo’s agreement with the authorities, the Brazilian is expected to be handed a 4-month suspended sentence and a fine worth 40 percent of the defrauded amount.

Real’s all-time leading scorer Cristiano Ronaldo appeared in court in July over accusations he evaded 14.7 million euros worth of tax between 2011 and 2014.

Barcelona duo Lionel Messi and Javier Mascherano received 21-month and 1-year suspended sentences, respectively, after being found guilty of tax fraud over their image rights in 2016.

But Messi’s sentence was later replaced by a 252,000-euro fine.

On the field on Tuesday, Gareth Bale provided a brilliant assist on his return from two months out with injury as Real advanced to the last 16 of the Copa del Rey.

The Wales forward delivered a sensational cross for the first of Borja Mayoral’s two goals in a 2-2 draw with third-tier Fuenlabrada at the Santiago Bernabeu, as Zinedine Zidane’s team won 4-2 on aggregate.

Fuenlabrada, trailing 0-2 from the first leg, threatened to cause a famous upset when Luis Milla fired it ahead on the night in the first half, but Mayoral struck twice following Bale’s introduction on the hour.




 

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