He spent a fortune on legal fees attempting to stop his name being made public in his tax avoidance case with HMRC, he lost the case for anonymity, then lost the tax avoidance case against HMRC as well, so now has a big tax bill he apparently can't pay.
Bless him, everyone knows ''death and taxes'' are unavoidable* *unless you're Amazon, Starbucks, Google, Facebook, eBay, Apple .........
and wasted the rest? He sold a lot of his racing memorabilia, big house in Newmarket, then disappeared to America. And still riding in his 50's. Perhaps this has been brewing for a while?