New Juventus signing Cristiano Ronaldo has been fined a whooping sum of €3.2m ($3.7m) after he settled his tax evasion case with the Spanish authorities on Friday.

The verdict was revealed by a prosecutor who also disclosed that the Portugal international captain was sentenced to 24 months in prison, a sentence he’s unlikely to serve.

The former Real Madrid and Manchester United forward was accused of evading €5.7m in taxes and has repeatedly denied the allegation.

Ronaldo has the option of not going to prison since Spanish law states that a sentence of under two years for a first offence can be served on probation.

He is now expected to pay the 3.2-million-Euro fine in addition to the 5.7 million Euros in back taxes, 1 million Euros in accrued interest and 250 Euros-per-day for the 48 months covering the aforementioned prison sentence.

Cristiano Ronaldo will likely part with a total of almost €19m to settle his debts with Spanish officials.