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Bravemansgame has been given clearance to run in the Ladbrokes Punchestown Gold Cup on Wednesday with Bryan Drew confirmed as the sole owner.
The Paul Nicholls-trained gelding, most recently seen finishing second in the Cheltenham Gold Cup to Galopin Des Champs, who he is due to meet again, was previously under the joint-ownership of Drew and John Dance.
Dance founded Vertem Asset Management, a prominent sponsor within racing, but that firm is one of three trading names of WealthTek LLP, which was ordered to cease trading by the Financial Conduct Authority due to “serious regulatory and operational issues coming to light”.
As a result Bravemansgame was prevented via a court order from running at Aintree, but Dance’s share has now been sold to Drew and he is able to run again.
A statement from the British Horseracing Authority read: “The Financial Conduct Authority (FCA) has today informed the British Horseracing Authority that it has agreed to the sale, following an independent valuation, of Mr Dance’s 50% share of Bravemansgame. The gelding was previously owned in partnership by John Dance and Bryan Drew, and has now been sold into the sole ownership of Bryan Drew.
“As a result Bravemansgame is now able to be declared for races, including 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.”
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