Ipswich Town striker Michael Chopra claims he cannot afford to defend his name when a British Horseracing Authority panel begins its inquiry into alleged corruption on January 14.
Chopra and jockey Andrew Heffernan were amongst nine individuals charged in October with serious breaches with regard to the rules of racing. Two other footballers, Mark Wilson and James Coppinger, were also named in the probe.
But Chopra said in a statement he cannot afford to cover his legal costs when the BHA starts proceedings later this month.
He said: "On October 4, 2012, the British Horseracing Authority announced that they were charging me and others with breaches of the rules of horseracing. The charges are due to be heard at a two-week inquiry, which commences on the January 14, 2013.
"My legal advisors, having engaged with the British Horseracing Authority, have been advised that even if I'm found innocent of the charges, the British Horseracing Authority will not refund my legal fees, which I have been advised would be at least £50,000 for being represented at the inquiry.
"I have extensive debts and loans and simply cannot afford the amount of money necessary to clear my name, with no prospects of ever recovering my costs. I am not a member of the British Horseracing Authority and not subject to its Rules.
"I have been advised that the British Horseracing Authority is only allowed under its Rules to take disciplinary action against a person who is subject to those Rules, which does not include me.
"Furthermore, I understand that the only sanction that the British Horseracing Authority could impose on me is to ban me from racecourses and gambling establishments licensed by it.
"It is well publicised that I have a gambling addiction problem and I see any such sanctions as being a useful mechanism in helping me to address these problems. As of this year, I've voluntarily self-excluded myself from all betting institutions from where I live in Ipswich in order to help me fight this illness.
"For the above reasons, I have decided not to present myself to the BHA inquiry. I will be making no further comment on this matter at this stage."
2 September 2015ARC planning new stand for Bath racecourse
Simon Dow savours Epsom 'fairytale' with El Campeon
Olly Stevens rocked by Extortionist death
Gleneagles given Breeders' Cup Classic aim by Aidan O'Brien
Dandy Nicholls has Haydock in mind for Sovereign Debt
Beautiful Romance flies Godolphin flag on Ascot Champions Day
Jane Chapple-Hyam facing Cesarewitch dilemma with Twisler
Sam Waley-Cohen reveals Long Run hunter chase plan
Barande-Barbe eyes Champion at Leopardstown with Cirrus
Dettori likely for Danzeno Haydock ride
1 September 2015Sore Sumbal swerves St Leger at Doncaster
Goodwood winner Alamode beguiles Marcus Tregoning
Hannon plots Curragh route with Moyglare-bound Great Page
Autumn aims for Meade's Rookie
Turner confirms retirement plan
Mullins hails Fly achievements
Cadran target for Litigant
Park option for Naadirr
Cadeaux leads Cup contenders
Turner calls time on riding career
Pendleton so close to dream success
Whitman lifts Trophy for Johnston
Hobbs stars in Kempton entry
Mullins hails 'legend' Hurricane
Super Fly bows out
Belardo has six appeal - Varian
Time called on Telescope career
Charline chasing Curragh cash
31 August 2015Haydock option for 'Frankel' winner
Hurricane Fly: Best moments
Maguire making good progress
Channon seeks Divine intervention
More injury woe for unlucky Russell
Balios finished for the year
Reason back in firing Line
Newton Abbot washed away
Beloved bounds to Supreme success
Ton-up for De Sousa
Approval for new Yarmouth track
Hint takes Cambridgeshire glory
Bocca back in business
Leger hope Sumbal beaten in France
Tower-ing performance from Williams
O'Brien works his Magic again
All eyes on Pendleton at Ripon
30 August 2015Beloved rules supreme at Goodwood
Arm injury woe for Russell
Beacon shines for O'Brien
Botti banks on Binzart
Harrington ponders Jack reverse
Tullius revved up for Joel Stakes
Speculative in frame for Ayr raid
Moon dazzling for Irish Leger bid
Ivory backs Twin to peak at Donny
Golantilla 'a natural' over fences
Flintshire strikes at Saratoga
Retirement considered for Pharoah
Cummings 'a giant of the sport'
Keen Ice claims Pharoah scalp
Racing lands Winter win
O'Brien family enjoys Wexford wins
Goodwood Celebration for Kodi team
Polybius takes Hopeful honours
Twisler on the march
Rene lands Goodwood riches
Maarek shoots to Bullet victory
Hawk swoops in Prestige