Sanchez confesses to £865,000 tax fraud from time at Barcelona

Sanchez confesses to £865,000 tax fraud from time at Barcelona

Arsenal star Alexis Sanchez confessed to tax fraud in Spain of almost €1million while he was playing for Barcelona.

The Chilean owned up to defrauding the Spanish treasury of €983,000 (£865,000) between 2012 and 2013 when he was playing for Barcelona.

In his statement to a Catalan court, via video link from London, Sanchez confessed to two counts of tax fraud.

According to Europa Press, the Arsenal star is understood to have already returned the money he admitted to withholding.

As a consequence of his repayment, he is not likely to have to face a trial with an agreement to be reached by both parties.

This would involve the defence team of Sanchez negotiating with the prosecution an adequate fine to compensate for the delay in tax payments.

The allegations initially came to light in November 2016 when it was proposed that Sanchez hid the existence of a company called Numidia trading, based in Malta.

Sanchez transferred funds from his image rights to Numidia, of which he owns 99 per cent.

The Arsenal man will look to put this episode behind him as Arsene Wenger’s side continue to push to make up ground in the title race.

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