Six months before delivering his speech at Real Madrid, the former Real Madrid player transferred his image rights to Tollin Associates, a company registered in Lord Town, the British Virgin Islands, a tax haven. It is alleged that the footballer thus began a tax avoidance scheme that in 2015 brought two other companies, Adifore Finance and Arnel Services, to the Caribbean paradise with the same address.
in some meaning, The sale of image rights to the above-mentioned companies was conducted through Mint Capital, which has a partnership with Peter Lin. According to documents in Super’s possession, this network of companies is also linked to Peter Lim’s company, Thompson Medical Group, which curiously is also audited by KPMG International.
Once the rights were transferred to the Caribbean tax haven, Lim’s company was invoiced for the 75 “kilos,” Their destination was the Swiss bank Mirabeau, deposited into account 413416 in the name of Cristiano Ronaldo, As reported by Le Monde.
Questions surrounding Cristiano’s image rights have been around for a long time. The network began in 2009, when it transferred its rights to British Virgin Islands-based company Tollin, which transferred CR’s rights to MIM and Polaris. Polaris, a company managed in Ireland by Jorge Mendes’ nephew, has the same tax flexibility as Multisports and Image Management (MIM).
Both companies have signed deals with major brands such as INike, Samsung and Tag Heuer. end of 2014Cristiano will receive millions from Torin, who will then sell the rights from 2015-20 to two offshore companies in the Virgin Islands, a tax haven. This is where Peter Lim comes into play. The Portuguese image rights are sold en bloc during the period until 31 December 2020 and are divided between two companies incorporated in the British Virgin Islands. The content related to this exploit was assigned to Afifore and Arnel, two companies operating through Polaris, of which Mendes managed to obtain 10% and 15% operating rights.
That same year, Ronaldo issued a total of approximately $75 million in invoices through Lin’s two companies. Bizarrely, the money was billed to a company owned by Peter Lim in Geneva in the name of Cristiano Ronaldo, and the money was transferred just as it escaped the Treasury’s radar.
Indeed, during the Singaporean owner’s first years at Valencia, the Portuguese agent received significant sums of money for his mediation business with clubs such as Benfica. Particular mention should be made of the signings of Rodrigo Moreno, Joao Cancelo and Andre Gomez, as can be seen from the fact that the Estadio da Luz club is listed on the stock market and There is an obligation to present their business there.