Soccer Star Will Have to Go to Trial for Alleged Tax Evasion
The ongoing tax saga of soccer star Lionel Messi will continue. That news comes after a judge in Spain ruled that the Barcelona FC star would indeed have to stand trial for tax fraud charges in association with his many endorsement deals with foreign companies. The news comes just days after a report stated that Mr. Messi would not have to go to trial, and that only his father would face the courtroom.
Not So Fast
However, the Spanish judge ruled otherwise and said that Mr. Messi and his father should both have to go to trial. Even though his lawyers argued that Mr. Messi did not have any hands-on dealings with his endorsement contracts, the judge ruled that he “couldn’t have ignored” that a large part of his revenue was coming from foreign companies. If he is convicted, the soccer star could receive a sentence for as long as 22 months.
No Jail Time Likely
However, the good news for Mr. Messi is that even if he is found guilty of the charges he will most likely not spend any time behind bars. That’s because sentences for financial crimes shorter than two years are typically suspended according to Spanish law. In addition, Mr. Messi and his father have reportedly either already paid, or have agreed to pay, the missing tax money, plus interest.
What’s Your Financial Plan? | Joe McKissack
About Joe McKissack Joe Mckissack has over 14 years of professional experience working in the financial industry as both a financial advisor and financial consultant. He specializes in working with clients of ultra high net worth. Joe received his Bachelor’s of Arts degree at University of California Santa Barbara. Interview Transcript: Alan Welcome back.…
Building a Foundation for Success | Mark Gottfredson
About Mark Gottfredson Mark Gottfredson is a partner of Bain and Company at the Dallas office, the office he founded in 1990. Mark’s client work is primarily focused on full potential programs, revenue enhancement, cost reduction, complexity management and major change programs. Mark is the author of The Breakthrough Imperative book, and has written extensively…
Molekule | Dillip Goswami
About Dillip Goswami Dilip is the Co-Founder and CEO of Molekule, a company he helped start based off of his father’s research in air filtration at the molecular level. The project began when Dillip’s father began the quest to help his son’s problem with asthma, now they’re bother working to bring it to the…
Autonomous Stuff | Wolfgang Juchmann
About Wolfgang Juchmann Wolfgang Juchmann is the Vice President of Sales and Business Development at Autonomous Stuff, a company to dedicated to providing hardware and platforms to companies wanting to program autonomous vehicles. He has more than 16 years’ experience working in the field of technical sales and business development. Wolfgang attended Heidelberg University…