Bravemansgame has been withdrawn from Thursday's Alder Hey Aintree Bowl Chase following new information, including a court order, provided to the British Horseracing Authority on Wednesday by the Financial Conduct Authority (FCA).
The Boodles Cheltenham Gold Cup runner-up had been cleared by the BHA to contest the Grade One heat, with the eight-year-old switched into the sole ownership of Bryan Drew on Tuesday, having previously been owned in partnership with John Dance.
Vertem Asset Management, which was founded by Dance and is a prominent sponsor within racing, is one of three trading names of WealthTek LLP, which was last week ordered to cease trading by the Financial Conduct Authority due to “serious regulatory and operational issues coming to light”.
However, the BHA have since received more details and released a statement on Wednesday evening confirming that the Paul Nicholls-trained eight-year-old is unable to run at Aintree.
A statement read: "The British Horseracing Authority (BHA) has issued the following statement regarding the participation of Bravemansgame in Thursday’s Alder Hey Aintree Bowl Chase:
"In light of new information, including a court order, provided to the BHA on Wednesday 12 April by the Financial Conduct Authority (FCA) Bravemansgame is no longer able to take part in the race and has been withdrawn.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."