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Guess who’s just announced he’s retiring (again)?
I suppose he must have paid off his debts…
https://www.theguardian.com/travel/2025/oct/30/worlds-most-haunted-forest-transylvania-romania
I doubt the debts are cleared, probably a settlement of 20p in the £1. Potentially the final payment plan will be online and available for viewing, we all need to pay our taxes..
Did I hear right? “Dettori closing out his career in South America”
Is there horseracing in the Falklands
Some of the tracks in South America look very nice , Gavea situated under the statue of Christ the Redeemer is on my bucket list as is Moronas and San Isidro . All those courses card 20 races per meeting and from what ive seen reasonbly full fields so he will have plenty of chances .
How the feck has he wasted his money. At his godolphin height he must have been raking it in. Mind you he isn’t the first and won’t be the last sportsman to earn and waste millions. The nba is littered with top players who earn 100s of millions and end up broke through extravagance and poor business decisions. I feel for his family in this situation as his wife would have sacrificed a lot for his career. He’ll probably do better after he retires with media and other work. He will miss the buzz of racing which is my worry about him and him getting into his old bad habits to put it kindly.
It is absolutely tragic. Not just Dettori but several rich people with no financial knowledge are led astray by financial advisers who rake in their commission even after bad advice.
My advice as a qualified accountant would be to always spread the risk. Put half of your savings into safe investments, such as government bonds. The other half can go on riskier investments such as start-ups. This is AFTER keeping sufficient cash to pay what is due to HMRC. Do not borrow money to start a business. Start slowly and build up if it is profitable. This way, if the business goes pear shaped, you will happily survive.
It is not getting any better for Dettori:
Serves the nasty big head right,hope he gets sent down for tax evasion, poor old Lester did and the jovial Boris Becker but horrible Dettori will land on his feet yet again as he announces his retirement yet again and lands a job overseeing Amo Racing, which will eventually become unstuck as the millions spent are never going to be paid back, but Dettori will get his fee no doubt and come out of it smelling of roses. There just ain`t no justice in this world.
Don’t forget that Dettori is due to be automatically discharged from his bankruptcy on March 17 and with his ambassador job for Amo Racing looks like he will have landed on his feet regardless of the embarrassment this has caused him……….although I do wonder who is doing his taxes now though!
He didn’t get done for tax evasion (illegal) but for tax avoidance (legal) which is why he won’t be spending any time at any of the getaways that form part of His Majesties pleasure.
Oh I am so upset that this has caused him embarrassment…heaven help us that the swollen headed git has been embarrassed !!
It is not quite right to say tax avoidance is legal. It is more accurate to say it is not illegal – which is not quite the same thing.
It is in effect looking for loopholes or manipulating the rules to gain an outcome the legislation did not intend. It isn’t illegal but it is sneaky.
HMRC will take what it believes are the worst cases to tribunal – but that is expensive and not guaranteed to succeed. In practical terms, a lot of tax inspectors will shake hands on what they can get, figuring that getting something is better than risking getting nothing.
As an accountant, I feel sorry for Dettori. He is expert at riding horses but his finance knowledge is clearly limited. People like Dettori are pursued by rogue accountants who tell them that for a small fee (often running to thousands of pounds) they will save them millions in tax. Such accountants collect thrir fee and do a runner. These are the people who should be in jail. It is the victim who is left to pick up the pieces.
This is completely different from people like Lester Piggott who hide their income by having numerous accounts and not declaring them all.
As a non-accountant i have not one shred of sympathy for him. If he’s trying to save ‘millions in tax’ then just how rich is he? Rich enough to pay his taxes.
I find it slightly annoying when i get my annual bonus that i pay so much tax (and this is all relatively small fry), but thems the rules!
He’s greedy. Simple as.
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