How football superstar Ronaldo placed trust in Jersey
By Yann Philippin, Rafael Buschmann, Michael Wulzinger and Nicola Naber (Der Spiegel)
Portuguese football star Cristiano Ronaldo, currently under investigation in Spain, where he resides, over his alleged wilful evasion of 14.7 million euros in tax payments between 2011 and 2014, created a trust in Jersey in 2015 from which millions of euros were transferred to a subsidiary in Luxembourg and which did not appear in his 2015 tax declaration, according to confidential documents analysed by Mediapart and its partners in the journalistic consortium European Investigative Collaborations (EIC). The trust was abruptly wound down last week, just 24 hours after the EIC contacted the footballer and his agent for comment on the documents.
In December 2016, Mediapart and its partners in the journalistic consortium European Investigative Collaborations (EIC) revealed how Portuguese football star Cristiano Ronaldo had funnelled, over seven years, a total of 149.5 million euros in earnings from image rights and other commercial deals into offshore companies based in Panama, in the British Virgin Islands, Ireland and Switzerland.
