Dettori .. bit of a shocker

[curious]

Legendary Jockey Frankie Dettori Files For Bankruptcy

Thursday, March 13, 2025 at 11:57 am | Back to: Europe, Shared News Europe

Updated: March 13, 2025 at 11:58 am

 

 

Frankie Dettori | Getty Images

Frankie Dettori has been forced to file for bankruptcy after failing to reach an agreement with HMRC over a long-running tax avoidance case. The Italian released a statement to confirm this latest development on Thursday.

“For the last six-months, my advisors have been working with HMRC in an attempt to find a solution to my financial situation,” the statement read. “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.”

Dettori's name first came up in a legal battle with HMRC over his anonymity after using a “tax avoidance scheme” in December of 2024. His career voluntarily ended in Britain in October of 2023 and, instead of retiring, he moved to California to continue riding.

A three-time champion jockey in Britain, he was ranked 13th by earnings in the U.S. in 2024, with 18 graded stakes wins highlighted by the victories of Beaute Cachee (Fr) (Literato {Fr}) in the GI Jenny Wiley Stakes, Newgate (Into Mischief) in the GI Santa Anita Handicap, and Raging Torrent (Maximus Mischief) in the GI Malibu Stakes. This term, he's already won a brace of Grade IIIs.

[Newmarket]

Wow, wonder what he has spent his cash on? 😋

[mikeynz]

35 minutes ago, Newmarket said:

Wow, wonder what he has spent his cash on? 😋

Scratchies 😄.