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Legendary Jockey Frankie Dettori Announces Bankruptcy Filing Over Tax Dispute

The 54-year-old Italian jockey cites a prolonged battle with UK tax authorities as the reason for his financial decision.

  • Frankie Dettori, one of horse racing's most celebrated figures, revealed plans to file for bankruptcy after a protracted dispute with HM Revenue and Customs (HMRC).
  • The legal battle stems from HMRC's challenge to a tax structure Dettori's former advisers claimed was approved, which has since been denied.
  • Dettori expressed sadness and embarrassment over the outcome, advising others to take greater control of their financial affairs.
  • The jockey, who has amassed over 3,350 career victories and significant earnings, continues to compete internationally despite his financial challenges.
  • This announcement follows a court decision to lift Dettori's anonymity in the case, highlighting his involvement in a tax scheme linked to a discredited promoter.
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