Frankie Dettori has filed for bankruptcy in a shock move after failing to resolve financial difficulties with HMRC.
The legendary jockey is currently riding in America after a career in Britain that lasted over 35 years and included multiple big-race wins including the Derby twice and his 'Magnificent Seven' at Ascot in 1996.
In a statement, 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."
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