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.