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24 April 2023

Punchestown Festival: Bravemansgame Gets Green Light for Race as Financial Conduct Authority Approves John Dance Share Sale

Bravemansgame is all set for the Punchestown Gold Cup and a rematch with Cheltenham rival Galopin Des Champs on Wednesday. This comes after the Financial Conduct Authority (FCA) approved the sale of John Dance’s 50% share to fellow owner Bryan Drew. The FCA had previously intervened, preventing the horse from participating at Aintree.

Gold Cup runner-up Bravemansgame has now been cleared to race once more, as the Financial Conduct Authority (FCA) gave the thumbs up to the sale of co-owner John Dance’s shares.

The Paul Nicholls-trained sensation, who’s gearing up for the Punchestown Gold Cup on Wednesday, missed the chance to compete at Aintree earlier this month. This was due to the FCA stepping in after uncovering “serious regulatory and operational issues” linked to a business associated with Dance. Dance is the founder of Vertem Asset Management, a well-known sponsor within racing. However, this firm is one of three trading names of WealthTek LLP, which was instructed to stop trading.

On Monday, the British Horseracing Authority (BHA) shared in a statement: “The Financial Conduct Authority (FCA) has informed the British Horseracing Authority (BHA) today that it has agreed to the sale, after an independent valuation, of Mr. Dance’s 50% share of Bravemansgame.

“The gelding was formerly co-owned by John Dance and Bryan Drew and has now been sold to the sole ownership of Bryan Drew. Consequently, Bravemansgame can now be declared for races, including the Ladbrokes Punchestown Gold Cup at Punchestown on Wednesday.

“The BHA continues to communicate with the FCA and Mr. Dance regarding the status of Mr. Dance’s other horses.”

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