Frankie Dettori’s Bankruptcy Extended For Another Year By Judge

[Wandering Eyes]

Former jockey Frankie Dettori has had his bankruptcy extended until March 16, 2027, after a judge at a specialist insolvency court ruled his bankruptcy should not be automatically discharged. The Italian formally retired from the saddle last month.

At a hearing in London on Thursday, lawyers for the two trustees of Dettori's bankruptcy asked for the order to remain in place for a further year. Stefan Ramel, representing the trustees, told the court that the former jockey “has not complied and is still not complying” with requests for information about his assets, including whether he owns properties abroad. Dettori and his representatives were not present at the hearing.

Chief insolvency and companies court judge Nicholas Briggs ruled that the bankruptcy order could continue until March 16 2027, which he said was “not an unrealistic period” given the “blatant failure” by Dettori to provide information when asked.

He said, “There is much to uncover in this bankruptcy, and it may well be that criminal sanctions will be a useful tool for the trustees.”

The judge said that the trustees interviewed Dettori in December last year about his assets, and when asked if he had ever owned properties abroad, he “said he did not”.

But he said it was later discovered that there were “a number of properties that had not been disclosed to the trustees, in particular in France and Italy”.

Judge Briggs continued that there were “other concerns”, including a Piaget watch, a wine collection worth around £70,000 and investments worth around £365,000.

He also said that Dettori could have attended court to make representations as to why an order should have been made, or instructed lawyers, but has “failed to do so”.

The Italian filed for bankruptcy in March last year due to unpaid tax resulting from his involvement in a “tax avoidance scheme”. At the time, Dettori had said he was “saddened and embarrassed” to have to take the measure after being left to “unravel the mess” in which a previous financial adviser left him.

Dettori brought the curtain down on his U.S. riding stint after the Breeders' Cup last autumn, but continued riding in South America before riding his final races last month. In late October, Dettori was named Amo Racing's global brand ambassador.

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