Portugal and Real Madrid star Ronaldo was accused of evading 14.7 million euros in taxes, reached an agreement with Spanish tax authorities that would see him pay 18.8 million euros.
The agreement, which has still to be ratified, will also likely include a two-year prison sentence. However, jail terms of up to two years are not normally served in Spain for a first-time offense.
He was channeling earnings for image rights through a network of screen companies between 2011 and 2014
Barcelona and Argentina star Lionel Messi was given a fine and a 21-month prison sentence last year on similar charges, which he did not have to serve.