The highest-earning athletes of 2018

(THIS ARTICLE IS COURTESY OF TRIVIA GENIUS)

 

The highest-earning athletes of 2018

No athlete makes it to the pros without passion and drive. The world’s top athletes undoubtedly possess both to guide their efforts, but the money certainly helps as well. Across the sporting world, a handful of stars make numbers equivalent to the GDP of small nations. The year 2018 was as lucrative as ever for the biggest names in sports. These were the top five highest paid athletes of 2018.

5. Neymar

Credit: Alizada Studies / Shutterstock.com

2018 earnings: $90 million

Brazilian soccer superstar Neymar da Silva Santos Júnior is one of the highest-paid athletes in the sport and athletics as a whole. In 2018, he netted a total of $90 million. Financially, 2018 was a fantastic year for Neymar, but his social media life was less than charmed. Throughout the World Cup hosted in Russia, Neymar spent a sum total of 14 minutes howling on the field in agony. The theatrics in his attempts to be awarded fouls didn’t land Brazil the cup, but it did capture the attention of fans, who quickly took to the internet to mock his performance with the #neymarchallenge. Videos spread across the internet of people falling to the ground in pain from the slightest touch.

4. Conor McGregor

Credit: G Holland / Shutterstock.com

2018 earnings: $99 million

Former lightweight Ultimate Fighting Championship (UFC) champion, the “notorious” Connor McGregor is one of the sport’s highest paid and most-talked-about fighters. McGregor reined in $99 million for the year 2018, but it was a rough one for the UFC star. McGregor lost his lightweight title to Khabib Nurmagomedov in light of his absence from the sport by choice of Dana White. Shortly after Nurmagomedov’s victory, McGregor and his entourage went on a rampage in the streets of New York, attacking a bus housing Nurmagomedov among other fighters. He was initially charged with several felonies but entered a plea deal that saved him from jail time and preserved his right to travel. Later in the year, McGregor fought Nurmagomedov and lost.

3. Cristiano Ronaldo

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2018 earnings: $108 million

Famed soccer player Cristiano Ronaldo is another one of the sport’s most expensive athletes. In 2018, Ronaldo brought in a total of $108 million. However, 2018 was also a tumultuous year for the sports star’s legal troubles. In June of 2018, Ronaldo was given a two-year suspended jail sentence and fined 18.8 million euros for tax evasion. Although the jail sentence was allowed to be served under probation, another longstanding charge came back to haunt him as a lawsuit for a 2005 rape charge brought against him. He is currently scheduled for trial in federal court.

2. Lionel Messi

Credit: Marco lacobucci EPP / Shutterstock.com

2018 earnings: $111 million

Lionel Messi of Argentina is the highest-paid soccer player in the world and second-highest paid athlete of all sports. By many accounts, he is the greatest soccer player in the world, and his paycheck reflects it. The athlete brought in $111 million in 2018. Messi’s team lost to Croatia in the 2018 World Cup, but, on the bright side, he managed to stay out of controversy and legal troubles.

1. Floyd Mayweather Jr.

Credit: Kathy Hutchins / Shutterstock.com

2018 earnings: $285 million

Undefeated welterweight boxing champion Floyd Mayweather Jr. is credited as the best defensive boxer of all time and greatest ever in his weight range. His prowess in the ring is mirrored in his finances as he is also the highest-paid athlete bringing in numbers that dwarf even musicians and movie stars. Thus his reputation is two-fold as a prize-fighter and millionaire. In 2018, Mayweather earned $285 million. He also settled for $750,000 with the SEC over a failure to disclose payments accepted from issuers of cryptocurrency firm Centra Tech Inc.

MALICE WITH JOKES ABOUT NEYMAR INVADES PLAYER’S GAFFE

(THIS ARTICLE IS COURTESY OF BRAZIL 247 NEWSPAPER)

 

Why are Spanish football stars in legal trouble?

(THIS ARTICLE IS COURTESY OF THE BBC)

Why are Spanish football stars in legal trouble?

  • 25 minutes ago
  • From the section Europe
L-R Cristiano Ronaldo, Neymar and Lionel Messi (file pics)Image copyrightGETTY IMAGES
Image captionAll three players: (L-R) Ronaldo, Neymar and Messi

Spain has attracted arguably the three brightest lights of world football, with Cristiano Ronaldo of Real Madrid and Barcelona’s Lionel Messi and Neymar all plying their skills in La Liga.

Over the past year, football fans have become used to seeing the trio caught up in accusations of tax fraud and other financial crimes by the Spanish courts.

And they are not the only players in the crosshairs of the Spanish judiciary. In 2016, Lionel Messi’s Argentina and Barcelona team-mate, Javier Mascherano, received a one-year suspended prison sentence for tax fraud.

Three players, three trials

Lionel Messi and father Jorge were last year convicted of defrauding the Spanish state of €4.1m (£3.6m; $4.6m) in unpaid taxes on the striker’s image rights, controlled by offshore companies in Belize and Uruguay.

The pair were both handed 21-month jail terms in a ruling recently confirmed by Spain’s supreme court.

Barcelona's Argentine footballer Lionel Messi (L) in court with his father Jorge Horacio Messi during their trial for tax fraud in Barcelona (June 2016)Image copyrightREUTERS
Image captionMessi and his father Jorge were convicted of tax fraud in 2016

Now the original Barcelona trial court must decide whether the sentences should be suspended in accordance with Spanish custom for first-time offenders whose prison terms do not exceed two years.

Prosecutors have asked for a two-year sentence and a €10m fine for Neymar, who was cleared of fraud but ordered to stand trial over alleged corruption in his 2013 move from Brazilian club Santos to Barcelona.

Now Ronaldo has become the third and final member of the elite La Liga trio to face criminal accusations, after prosecutors announced they were pursuing the 32-year-old former Manchester United man on four counts of tax fraud.

A source close to Ronaldo told the BBC that “he’s very sad and really upset” about the allegations. “He doesn’t want to stay in Spain. At this moment, he wants to leave,” the source said.

Why has footballers’ paradise turned sour?

Soon after David Beckham joined Real Madrid in 2003, he was able to enjoy a new tax-exemption scheme aimed at attracting foreign talent to Spain across all sectors. That scheme became known as the Beckham Law, when he became one of the first players to sign up to a six-year-long tax ceiling of 24%, roughly half what Spaniards paid on six-figure-plus incomes.

File pic 2006 of David Beckham and Zinedine ZidaneImage copyrightGETTY IMAGES
Image captionReal Madrid’s top players, such as a Beckham and Zidane became known as the “galacticos”

Spain was in the midst of an unprecedented economic boom, a perfect playground for “galacticos” of the likes of Zinedine Zidane and Luis Figo, before the arrival of Cristiano Ronaldo and the emergence of Barcelona prodigy Lionel Messi.

But in 2010 the Beckham Law was scrapped for salaries of more than €600,000, and since then tax inspectors have begun to wise up to the use of complex financial operations using offshore shell companies to get around tax laws.

“The line between avoidance and evasion is very fine in these cases. In the past few years Spain’s tax agency has intensified its control over footballers and their companies, checking to see if they are mere fronts or whether they are really active economically,” explains Carlos Cruzado, president of tax inspectors’ union Gestha.

Case against big three

Neymar is the odd one out. His case involves alleged wrongdoing towards a contractual party regarding his transfer fee, but the forward has been found guilty in his native Brazil for tax fraud on money earned while playing for Santos.

La Liga rich list

Who earned what?

$93m

Cristiano Ronaldo: $58m salary, $35m endorsements

  • $80m Lionel Messi: $53m salary, $27m endorsements
  • $37m Neymar: $15m salary, $22m endorsements
Getty Images

The Messi and Ronaldo cases are similar. Both are accused of avoiding tax on sale of image rights by using offshore companies. However, the Portuguese was registered as a non-resident taxpayer under the Beckham Law, while the Argentine has spent his entire adult life registered in Spain.

Prosecutors accuse the Real Madrid star of evading tax of €14.7m between 2011 and 2014 via an alleged shell company called Tollin Associates, registered in the British Virgin Islands.

Spanish investigators say the company, owned by Ronaldo, is a “screen” and has no economic activity apart from having bought and then ceded the player’s image rights to a firm based in Ireland that “genuinely manages [his] rights sales”.

Prosecutors also claim that money earned from image rights was incorrectly described as capital gains, to benefit from a lower tax rate.

What is their defence?

Lionel Messi was informed by the judge in his case it was no defence to plead ignorance and argue that his father was the only person who knew how his money was being managed.

Neymar of FC Barcelona leaves the National Court on February 2, 2016 in Madrid, Spain.Image copyrightGETTY IMAGES
Image captionNeymar spent 90 minutes before a judge in Madrid in February 2016

Neymar has denied any wrongdoing and told the court investigating his case that his father and associates dealt with off-field business matters.

Cristiano Ronaldo’s representatives and legal team say the only dispute can be about quantity and that there has been no intention to commit fraud. “There is no tax evasion scheme… There has never been any hiding nor any intention to hide anything,” they say.

They argue he has paid tax to the Spanish treasury on 20% of his total image rights when, in fact, more than 90% of these are generated outside Spain as he is such a global name.

“The tax agency clearly thinks that if he is being paid for wearing certain boots, shirts or caps in Spain, then he cannot claim this money is being earned abroad,” explains Mr Cruzado.

Will any of them go to jail?

Neymar and Lionel Messi look set to be spared prison due to Spain’s unwritten two-year-sentence rule, even if Neymar is eventually found guilty.

Cristiano Ronaldo may be a different matter. Three of the four accusations of tax fraud are considered by prosecutors to be “aggravated”, so they carry a minimum sentence of two years each. Four guilty verdicts and he could face as many as seven years.

However, an investigating judge needs to ratify the prosecutors’ accusations, and that could take many months or even years.

Even if the investigating magistrate does take up the case, the Portuguese will have several options and a guilty verdict would not necessarily mean jail.

He could admit guilt, pay taxes and fines in advance and reduce any eventual jail term to a half or quarter of the statutory minimum. That way he would slip under the standard two-year bar for first-time offenders and see his sentence suspended.