I’m a Celebrity champion Harry Redknapp’s horse racing business loses £130,000 in just TWO YEARS (so it’s a good job he’s got £500,000 on the way with McDonald’s adverts)
- Three Kings Racing has amassed a total equity loss of £128,344 since 2016
- Although Redknapp has seen some success with one horse called This Is It
- The company was set up near his home in Dorset and invested in young horses
He raced to the finish line on I’m a Celebrity, but Harry Redknapp’s horse racing business has lost £130,000 in just two years.
The ex-Tottenham Hotspur manager registered Three Kings Racing – set up near his home in Dorset – with Companies House in 2016.
But since then it has amassed a total equity loss of £128,344 – with £71,596 of that falling between August 19, 2016 and August 31, 2017. The rest was lost subsequently, up until a year later.
The ex-Tottenham Hotspur manager (pictured earlier this month) registered Three Kings Racing – set up near his home in Dorset – with Companies House in 2016
Since Harry Redknapp’s company was registered it has amassed a total equity loss of £128,344 – with £71,596 of that falling between August 19, 2016 and August 31, 2017. Redknapp is pictured left with Tony McCoy in 2011, and right at Royal Ascot in 2015
Companies House has revealed that Redknapp’s horse racing company Three Kings Racing has had a loss of £128,344 over the past two years
The 71-year-old has seen some success with the company with one horse, This Is It, winning a race in 2017.
The news comes soon after Redknapp was revealed to be starring in a series of sports-themed McDonald’s television adverts due to air in the spring.
He is reportedly set to rake in £500,000 for the gig – a similar figure to that which he was reportedly paid for winning I’m a Celebrity.
Redknapp has long been a fan of horse racing, and is often spotted at racecourses including Royal Ascot or Cheltenham.
In 2013, however, he revealed in his autobiography Always Managing how he was conned for three years by a fake jockey who he bankrolled in return for racing tips.
Redknapp was introduced to the ‘promising apprentice’ one evening at the London casino Les Ambassadeurs.
King: Harry Redknapp is reportedly set to rake in £500,000 after signing a deal with McDonald’s to become the face of their new sports-themed adverts. He is seen here winning I’m a Celebrity… Get Me Out of Here! last year
The former football manager said he always regarded himself as streetwise but the fake jockey had been in a ‘different class’.
‘He was a conman preying on the racing scene and the little rogue had us all,’ he said in the biography.
Redknapp was thrust into the spotlight once more during his appearance on I’m a Celebrity – where he was widely praised for his gentlemanly conduct on the show.
He is said to have been one of the most popular contestants to ever have appeared on the series.