HorseRacing
Report: Frankie Dettori's Tax Dispute Loses Anonymity
2024-12-09
Jockey Frankie Dettori finds himself embroiled in a significant tax dispute with British authorities. A decision allowing him to remain anonymous during the proceedings with His Majesty’s Revenue and Customs was reversed on Monday, as reported by Jonathan Harding of Racing Post. Dettori claims to have settled the bill in full but sought anonymity in the court case.

Statement After Anonymity Lifted

A few years ago, Dettori entrusted professional specialist tax advisors with handling his and his family's financial affairs. A structure was established, and he was assured it had been approved by HMRC. However, years later, HMRC is now contesting that structure, and his former advisors have been dismissed. His new advisors and management team are dedicated to resolving the mess and working closely with HMRC to reach a swift resolution.

Retirement Announcement and Riding in the US

Dettori had initially planned to retire after the 2023 Breeders’ Cup but instead started riding in the United States. As of Monday, he has achieved remarkable success with 79 wins in 444 North American starts in 2024. Notable top-level wins include the Jenny Wiley (G1) with Beaute Cachee and the Santa Anita Handicap (G1) with Newgate. His riding skills and determination continue to shine on the American tracks.

Impact on His Career

This tax dispute has undoubtedly cast a shadow over Dettori's career. It has brought challenges and uncertainties, but his ability to adapt and continue riding at a high level is truly remarkable. Despite the setback, he has shown that he is still a force to be reckoned with in the world of horse racing. His rides in major events like the Jenny Wiley and Santa Anita Handicap demonstrate his continued excellence and passion for the sport.
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