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’.
Frankie Dettori has said he is filing for bankruptcy
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…
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