Rossi cops massive fine
Serenity comes at a priceMulti-time GP champ Valentino Rossi has decided to cop a massive fine of $57 million after reaching agreement with Italian tax authorities.
The latter were looking into the star's affairs, after he had claimed British residence for several years in what was seen as a tax avoidance move.
Rossi held a media conference with a manager from the Italian tax department, Massimo Romano, to make the announcement.
"I reached a fork in the road. I could have fought this but it would have taken a very long time. I'm much more serene now. Everything is much clearer and I can concentrate on my work," he said.
The 29-year-old Yamaha rider, who is estimated by European media to earn around $40-45 million per year, said he will move back to Italy.
Pic: Yamaha-racing.com
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