Frankie Dettori has filed for bankruptcy (Image: Getty)
Legendary jockey Frankie Dettori has revealed he’s filing for bankruptcy after running into financial difficulties with . The Italian is considered one of the greatest riders of all time, boasting 40 victories at Royal Ascot alone.
Dettori won his first race as a jockey at Goodwood in June 1987 and was crowned British flat racing Champion Jockey three times. and had been estimated to have an individual net worth of around £18 million.
In a statement, he said: “For the last six months, my advisors have been working with 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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