A much-fancied horse has been pressured to withdraw from a prestigious race on the Grand National meeting after a last-minute court docket order blocked him from competing.
Bravemansgame was on account of run within the Aintree Bowl Chase on Thursday, and regarded set to be favorite after ending as runner-up within the Cheltenham Gold Cup final month till a court docket order from the Financial Conduct Authority (FCA) modified issues.
The British Horseracing Authority (BHA) ordered that the Paul Nicholls-trained chaser ought to be eliminated from the Grade One race “in light of new information” from the FCA surrounding the eight-year-old’s possession change.
Bravemansgame had been collectively owned by John Dance and Bryan Drew however earlier this week, he was switched into sole possession of Drew after the monetary regulator ordered the rapid closure of Vertem Asset Management – a enterprise run by Dance.
The BHA initially authorised the change in possession and cleared the gelding to race within the Aintree Bowl Chase however modified tack after additional correspondence from the FCA.
A BHA assertion learn: “In light of new information, including a court order, provided to the BHA on Wednesday 12 April by the Financial Conduct Authority, Bravemansgame is no longer able to take part in the race and has been withdrawn.
“The BHA will continue to liaise with the FCA and other affected parties.”
Dance based Vertem Asset Management, a outstanding sponsor inside racing, however that agency is one among three buying and selling names of WealthTek LLP, which was final week ordered to stop buying and selling by the Financial Conduct Authority on account of “serious regulatory and operational issues coming to light”.
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