Owner Prince Sultan Bin Mishal al Saud has been added the British Horseracing Authority’s forfeit list after racking up debts of more than £321,000.
Prince Sultan had horses in training with Richard Hannon, with A La Noche and Time To Hunt unsuccessfully representing the owner in 2023, although he had no runners last year.
The owner was placed on the forfeit list with debts of £321,933.75 and is disqualified from participating in British racing until the sum is paid.
Hannon said: “This is a disappointing situation and is now a matter for the BHA. I will not be making any further comment at this time, but I am incredibly grateful for the actions taken by the BHA to date and its continued support to resolve things.”