Dettori Unable To Pay £765k In Taxes After Asset Liquidation

[Wandering Eyes]

Jockey Frankie Dettori has been unable to pay his £765,000 tax debt after his various companies were liquidated, according to a report on msn.com. The legendary jockey declared bankruptcy last March.

Companies House published an update to the liquidation of Frankie Dettori Limited and Newmarket Activities Limited, which showed there were no funds to repay the debt. Dettori owes £765,000 to HMRC as of last October and an additional £6,391 to a car leasing company. Once the costs to liquidate his businesses are added in, the debt total is £888,799.

The latest report read, “Assuming that realisations and expenses are as anticipated, it is not expected that there will be a return to unsecured creditors due to insufficient funds. This is subject to change based on the final outcome of our investigations.”

Dettori will be released from his bankruptcy on March 17, 2026. His 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. Dettori, who is currently riding in South America after retiring from U.S. racing after the Breeders' Cup, will become the new Amo Racing global brand ambassador in the coming days.

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