Former Real Madrid and Manchester United manager Jose Mourinho has avoided jail for tax fraud as part of a deal with Spanish prosecutors revealed on Tuesday, but will pay a fine of close to two million euros (824.9million naira).
The 56-year-old is accused of committing tax fraud in 2011 and 2012 when he coached Spanish giants Real Madrid.

Jose Mourinho has had a difficult start to the season, with United putting in a string of underwhelming performances at home.

According to the agreement seen by AFP, Mourinho accepted a one-year jail sentence immediately commuted to a fine of 182,500 euros (N72m).

The Portuguese coach will also have to pay an additional penalty of 1.98 million euros (N816.6m).

Mourinho, sacked by Manchester United in December following a string of disappointing performances, is the latest high-profile football figure to be judged over his tax affairs in Spain.

Spanish prosecutors accuse Mourinho, who coached Real Madrid between 2010 and 2013, of failing to declare income of 1.6 million euros (N660m) in 2011 and 1.7 million euros (N701m) in 2012.

The grounds for the case, as with a series of football stars based in Spain, is how income from Mourinho's image rights was managed and declared.

Prosecutors believe by ceding his image rights to a series of companies based in tax havens, Mourinho committed fraud by not declaring the income those companies made from his image rights.

Keep reading: https://www.queensmail.com/2019/02/ex-real-madrid-man-united-boss-mourinho.html

Source: [url]QUEENSMAIL.COM[/url]