Punchestown Festival: Bravemansgame cleared to race as Financial Conduct Authority approve sale of John Dance share | Racing News

Gold Cup runner-up Bravemansgame is as soon as once more free to race after the Financial Conduct Authority (FCA) authorised the sale of co-owner John Dance’s shares.

The Paul Nicholls-trained star, who is ready to function within the Punchestown Gold Cup on Wednesday, was denied the chance to run at Aintree earlier this month after the FCA intervened following “serious regulatory and operational issues” associated to a enterprise linked to Dance.

Dance based Vertem Asset Management, a distinguished sponsor inside racing, however that agency is one of three buying and selling names of WealthTek LLP, which was ordered to stop buying and selling.

In an announcement on Monday, the BHA confirmed: “The Financial Conduct Authority (FCA) has today informed the British Horseracing Authority (BHA) that it has agreed to the sale, following an independent valuation, of Mr Dance’s 50 per cent share of Bravemansgame.

“The gelding was beforehand owned in partnership by John Dance and Bryan Drew, and has now been bought into the only possession of Bryan Drew.

“As a outcome Bravemansgame is now in a position to be declared for races, together with the Ladbrokes Punchestown Gold Cup at Punchestown on Wednesday.

“The BHA remains in dialogue with the FCA and Mr Dance regarding the status of Mr Dance’s other horses.”

Bravemansgame is anticipated to head to Ireland for a rematch with Cheltenham Gold Cup hero Galopin Des Champs.

Sky Sports Racing’s Matt Chapman reacted with delight on the information, tweeting: “Thank you Bryan Drew for freeing Bravemansgame for Paul Nicholls. Go conquer.”