Defaulter CR7 fined $3.7m

Madrid: Cristiano Ronaldo will be fined 3.2 million euros ($3.7 million) and sentenced to 24 months in prison, a sentence he is unlikely to serve, after settling a tax evasion case with Spanish tax authorities. 

The 33-year-old is accused of evading 5.7 million euros in taxes, which he has denied.