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January 22, 2025
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Radamel Falcao will not continue in Millonarios due to tax issues

Radamel Falcao will not continue in Millonarios due to tax issues

The Colombian attacker Radamel Falcao García will not continue in Millionairesthe club of which he is a fan and which he arrived six months ago, due to the “tax effects for income and assets” that he would have to pay in his country.

“After several weeks of work in which an important economic offer was structured by the club, complemented with sponsorships, it was not possible to counteract the tax effects of income and assetswhich did not allow the continuity of Radamel Falcao García,” he expressed Millionaires in a statement.

When the signing of the former player of the Atlético de Madrid and of Rayo Vallecano was announced last June, the scorer signed a six-month contract for “an influential factor that ends up being decisive,” as revealed in an interview with the W Radio station.

“It is the issue of the wealth tax and that factor had a very strong impact, which at first would prevent me from continuing. This was discussed with Gustavo (Serpa) and with Enrique (Camacho, directors of Millonarios), who “They were making a great effort and could not assume the impact that this could generate,” The 38-year-old striker then explained.

Of living more than six months in ColombiaAs he intended to do when trying to renew his contract for one year, Falcao would become a tax resident – as he already is in Spain – and would have to pay taxes in the country not only on what he generated on local soil, but also on his multimillion-dollar profits in the rest of the world.

After the announcement that he will not continue in Millonarios, ‘The Tiger’ He was grateful “for having had the opportunity to return to Colombia” with his family and for his children to live “in the country where it all began.”

“Fulfilling my dream of playing for Millonarios is one of the greatest things that has happened to me in my life. Sharing with the new generations, with teammates who became friends will be unforgettable. It is not easy to say it and much less accept it, but “For reasons beyond my control and that of the Club, I must say goodbye,” Falcao expressed.

He added: “There was always a great willingness on both sides, but There are issues outside of sports that we cannot handle. and that prevented my continuity. Thank you, Millionaires, for fulfilling my dream and opening the doors of this beautiful club to me.”

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During his time at Millonarios, the former soccer player from River Plate Argentine, the Porto Portuguese, English Manchester United and Chelsea and the french Monaco He played 16 games in the Colombian league in which he only scored five goals.



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