FRANKIE Dettori will be filing for bankruptcy as he admitted “I am saddened and embarrassed by this outcome”.
The legendary jockey was previously named as the “tax avoidance scheme” star in a battle with HMRC.
Frankie Dettori will be filing for bankruptcy[/caption]
Dettori said: “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.”
