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Frankie Dettori filing for bankruptcy?

I've no doubt it's a strategy.

The new Rangers manager declared himself bankrupt when HMRC were on his case over the dealings that caused the original club to end up liquidated. He owned a huge house in one of central Scotland's most exclusive enclaves and allegedly had loads of other assets but he allegedly transferred them all to his wife and allegedly declared himself bankrupt to avoid paying HMRC the six-figure sum owed.

Will we find some time soon that Frankie-boy transferred all his mega-millions of assets into Catherine's name?
 
Coincidentally, I am currently reading (suspended during Cheltenham) an interesting, but written in a light-hearted manner, book called Taxtopia*, on how wealthy people and organisations often shield their wealth from the tax authorities with the help of Tax Experts and at the expense of the normal taxpayer. So perhaps they’ve achieved that, or made some mis-step along the way?

*Was 99p on Kindle on Amazon. However, may now have reverted to full-price - I hope that doesn’t count as after timing!
 
He's presumably fiddled his tax (or should we say...been ill-advised by his accountant), put his assets into his wife's name, hiked off to the US hoping that things won't catch up with him....but they have so instead of paying off his creditors, he's opting out?
 
If he had just become an Irish citizen, as a sportsman he would have been entitled to claim 10 years tax back on retirement.
Charlie McCreevy brought this in over 20 years ago and as far as I know it still stands.
Chances are his first advisors were shysters; it happened Foster and Allen (owners of Nancy Myles , decent men, whatever about their musical costumes ) over a decade ago.
Steve Donoghue, Charlie Smirke, Tommy Weston, Kieren Fallon, Pat Eddery even ; the list of jockeys who ended up with little to show for their successes is alarming.
My pal Richard remembers as a teenager walking into York Races with his father in the 1950s and his dad pointing out "the great Tommy Weston " selling racecards/tips or some such.
 


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