Ronaldo denies evading £13m in taxes

Real Madrid footballer Cristiano Ronaldo has denied charges by Spanish prosecutors that he has defrauded the authorities of millions of euros in tax.

The denial comes after Madrid prosecutor's office filed a lawsuit against the Portuguese star, accusing him of evading taxes amounting to £13m between 2011 and 2014.

In a statement, Ronaldo’s representatives said that the player was innocent.

"It is clear that the football player did not try to evade taxes," Gestifute management company said in a statement.

It added that the Madrid player had not hidden income from tax authorities.

Ronaldo has previously said he had nothing to hide and was not worried about the threat of any investigation.

The new charges accuse the footballer of knowingly using a "business structure" to hide income generated by his image rights.

Documents leaked late last year appeared to suggest that Ronaldo held income in offshore accounts to avoid paying taxes – accusations he denied at the time.

Quizzed about the probe, Ronaldo told a reporter from a Portuguese TV station that he had nothing to hide and therefore "no fear."

According to Forbes' annual list of the world’s wealthiest people, Ronaldo is the world's highest-paid sportsperson.

He reportedly earned a total of £72m from wages, bonuses and endorsements in 2016.