Real Madrid Star, Luka Modric admits to tax evasion in Spain

Modric has reached a deal with Spanish prosecutors, admitting he evaded taxes and agreeing to an eight-month jail sentence likely to be converted into a fine, daily El Mundo reported Saturday.

The Croatian star, one of the favourites to win the Ballon d’Or in December, has been accused of evading 870,728 euros ($1 million) on revenue fromhis image rights in 2013and 2014 via a shell company set up in Luxembourg.In January, the 33-year-old gave evidence to a court that he had already paid tax authorities close to one million euros — the sumhe allegedly evaded plus interest, a judicial source told AFP at the time.According to El Mundo, which is consistently well-informed on tax fraud issues involving footballers, the deal reached with prosecutors involves him paying a fine that represents 40 percent of the amount allegedly evaded — or just under 350,000 euros.

Modric can also convert his jail sentence to another fine of 250 euros a day, which would total around 60,000 euros, the report said.That would come on topof the one million euros he already paid, it added.Neither prosecutors nor the court involved in thecase would comment when reached by AFP.The news comes just two days before football’s world ruling body FIFA awards its best player of the year prize, for which Modric is a finalist along with Portugal’s Cristiano Ronaldo and Egyptian forward Mohamed Salah.

Modric is also a firm favourite for the Ballon d’Or, the prize awarded by France Football magazine to the world’s top player as voted on by journalists around the globe, in December.