Matt Chapman might be on an excellent salary, but if this was paid into his company (set up to potentially reduce income tax) then his company’s debts could not be as bad as stated.
Something else must be going on. The problem we have is that media reporting is not always accurate.
I admit to being a fan of Matt Chapman; he makes racing interesting while many of his competitors bore the pants off you. What I like about his commentary is that when one of his tips goes down he says it as it is. Many of his competitors don’t comment on their poor tipping, but go on to give you five good reasons why the actual winner won.