Rossi faces tax evasion probe

Wednesday, August 8th 2007, 13:08 GMT

Italy's tax agency is investigating former world motor cycling champion Valentino Rossi for suspected tax evasion, an agency spokesman said on Wednesday.

The spokesman said the agency was examining possible tax evasion on undeclared revenues of 60 million euros ($82.61 million) from 2000 to 2004.

The investigation is linked to Rossi's decision in 2000 to take up residence in Britain to take advantage of favourable tax conditions.

Rossi's Yamaha team and spokeswoman were not immediately available for comment.