Lionel Messi messed himself up in a tax fraud case which leads him to a 21 months jail sentence and a fine of EUR 2.09 million (USD 2.25million) by the Spain’s Supreme Court months after the ‘Barcelona’ football star lodged an appeal.
In July 2016, Lionel and his father Jorge Horacio Messi were found guilty by a Catalan court for not paying taxes on EUR 4.16 million of Messi’s income which he earned from his image rights from 2007-09 by the means of using companies in different countries like Belize, Britain
Switzerland and Uruguay.
Image right’s income of Messi which was hidden includes endorsement deals from Adidas,
Pepsi-Cola, Danone, Procter & Gamble and the Kuwait Food Company.
Both Messi and his father were given a 21-months jail sentence which is likely to be suspended as according to Spain’s Law, first non-violent crime offence for which there is a jail sentence of less than two years can be deferred. While the court has reduced jail sentence for is father to 15 months taking into account that the star son had paid back the defrauded money to tax authorities.
Messi, during his last year’s trial, told that he knows nothing about his wealth management as everything is dealt by his father. But the Supreme Court argued that he must be fully aware about his obligation to pay taxes on income earned from his image rights.