Ryanair has extended its sponsorship of the Ryanair Chase for a further five years to include the 2022 renewal at the Cheltenham Festival.
The prize money has also taken a significant increase, up £50,000 to £350,000, with further augmentation planned over the term of the new deal so that it eventually reaches £400,000.
Willie Mullins' Un De Sceaux was successful last year, but Michael O'Leary, who owns both Ryanair and Gigginstown House Stud, has yet to win the race having finished second four times.
Ian Renton, regional director of Jockey Club Racecourses South West, commented: "We are delighted that Ryanair is renewing sponsorship of the Ryanair Chase for a further five years.
"The race had gone from strength to strength since its inception in 2005 and Ryanair's support is very much appreciated. I just hope that at some point Michael manages to win the Ryanair Chase!"
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