LEGENDARY jockey Frankie Dettori has shockingly filed for bankruptcy.
The Italian has been involved in a legal battle with HMRC having been caught up in a ‘tax avoidance scheme’.
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He was named in December after losing his appeal for anonymity, and the jockey said he had hoped he would be able to sort out a financial ‘mess’ he’d gotten himself into.
Dettori said in a statement: “For the last six-months, my advisors have been working with HMRC in an attempt to find a solution to my financial situation.
“Regretfully, I will be filing for bankruptcy.
“I am saddened and embarrassed by this outcome and would advise others to take a stronger rein over their financial matters.
“Bankruptcy is a major decision and its consequences will affect me for many years.
“I am relieved to be drawing a line on this long-term matter, which enables me to reset and focus on my international riding career.”
More to follow…
