Cristiano Ronaldo accused of hiding money in tax havens

first_imgReal Madrid star Cristiano Ronaldo could become embroiled in legal problems after information emerged that he may have avoided paying millions of dollars in taxes by funneling income to a company in the Caribbean.Efe quoted German newsweekly Der Spiegel as saying on its website on Friday that Germany international Mesut Ozil, a former Real Madrid star who now plays for Arsenal, and ex-Real Madrid manager Jose Mourinho – currently with Manchester United – may also be implicated in the scheme. (Also read: Cristiano Ronaldo, Lionel Messi and Antoine Griezmann to contest FIFA’s annual award)The information emerged from a leak of nearly 19 million documents that found their way to the European Investigative Collaborations (EIC), a consortium of media outfits that includes Der Spiegel, Spain’s El Mundo, The Sunday Times of Britain and France-based Mediapart.Ronaldo, who led Portugal to victory in the Euro 2016 football tournament after helping Real Madrid win their record 11th Champions League trophy, used a company in the British Virgin Island to conceal 75 million euros ($80 million) in income from endorsements, Der Spiegel said.The EIC report says the tax evasion mechanism was developed by Ronaldo’s agent, Jorge Mendes.Gestifute, Mendes’ company, said in a response to the EIC allegations that Ronaldo and Mourinho had “fully respected their obligations vis-a-vis the Spanish and British authorities”.The EIC member institutions say they plan to publish further revelations of wrongdoing in soccer over the coming weeks.last_img read more

Need panels like Lodha Committee for NSFs: Sushil Kumar

first_imgNew Delhi, May 9 (PTI) Indias greatest ever Olympian Sushil Kumar strongly feels that panels similar to one headed by Justice RM Lodha to clean up the BCCI mess, is required to bring in more accountability and transparency in functioning of National Sports Federations (NSF). “I dont mind if we have a Lodha Panel for all National Sports Federation (NSFs). It will only help increase the accountability and transparency of the associations. The coaches need to be accountable. We are in need of qualified coaches,” Sushil said during a Sports Conclave organised by the Railways Sports Promotion Board (RSPB). In fact RSPB secretary Rekha Yadav, who has represented the institutional unit during various BCCI meetings, agreed that cricket boards impressive infrastructure is pretty much in place. “Much maligned that the BCCI is, one has to admit that they have put in a nice system in place,” RSPB secretary said during a panel discussion. India won three medals at the 2008 Olympics and doubled its tally in the 2012 edition but the two-time medallist feels that the nation couldnt cash in on the glass ceiling that was broken after Abhinav Bindras first individual gold medal and his own bronze. “I think we couldnt cash in on our performance in Beijing Olympics. Although we got six medals in London, we didnt improve as a sporting nation. The planning and preparation left a lot to be desired.” Five-time World Champion MC Mary Kom spoke about lack of qualified support staff (coaches and trainers) that has been the bane of Indian sport for the longest time. “I remember once we had a boxing coach. After a few days, I made some enquiries about his credentials and found out that he has got his NIS degree in basketball or football. And that man later got Dronacharya award also,” Mary Kom recollected as the entire audience including other panelists, Sushil and Bhaichung Bhutia, were in splits. “We have seen doctors who would give you tablets to cure headache if you have a heel injury. There have been times when I havent had a masseur,” said Mary Kom. Gymnast Dipa Karmakars coach Bisweswar Nandi said had it not been for Sports Authority of India (SAI), the sport would have been long dead due to federations apathy. “For the last four years, we have not had any National Gymnastics Championship because there are two associations claiming to represent Gymnastics Federation of India (GFI). Who is responsible for this? Thanks to SAI that we still get proper training facilities,” said Nandi. The Dronacharya awardee spoke about lack of checks and balances while appointing foreign coaches. “We have this fascination for foreign coaches. A few years back, an American coach was roped in and he had some degrees having passed a few theoretical exams but not practical knowledge. “Now this man was after my life that I am ruining Dipas career trying to perfect her Produnova. Later, it was found out, he was physically challenged and couldnt show technical movements. This is how the federation recruited coaches,” Nandi said. Indias former football captain Bhaichung Bhutia feels that while franchise-based private leagues are welcome, there is question mark about their contribution to development of sport at the grassroot level. “Kolkata Knight Riders is a popular franchise but what is their contribution for development of cricket at the grassroots?” he asked. PTI KHS BS BSadvertisementlast_img read more