Racehorse owner Marwan Koukashs absence from this weeks Chester race meeting has been explained after it was revealed he has been declared bankrupt.
The entrepreneur and former owner of Salford Red Devils rugby league club was dubbed Mr Chester because of his passionate support of his local track where he won its feature prize the Chester Cup four times.
Ahead of the last of those wins with Magic Circle in 2018 he vowed to strip down to his pink underwear to collect the trophy, a pledge he was dissuaded from going through with.
Koukash, 69, is listed on the individual Insolvency Register as currently bankrupt: automatic discharge will be 13 September 2023. The order was made in September 2022 at Liverpool County Court.