Real Madrid player Cristiano Ronaldo is set to pay some $22 million in fines to the Spanish treasury, according to Spanish media El Confidencial.
According to reports, the sum will cover hidden tax payments as well as fines and penalties.
The football player must pay up before June 15 or face jail time. It is reported that the sportsman originally sought to settle the case out of court.
As reported earlier by The Sun, Real Madrid offered Ronaldo a new deal of $737 631 per week in pay, which translates to about $29.5 million annually. To exaggerated bewilderment in several media outlets, that staggering amount remains below Ronaldo's arch-rival Lionel Messi's whopping $41.8 million annual salary.