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Vertem ordered to cease operations

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  • #1642554
    Avatar photoArchipenko
    Participant
    • Total Posts 270

    Vertem Asset Management, the sponsor of the Group 1 Futurity Trophy at Doncaster and the Eider Chase at Newcastle, has been ordered to immediately cease all regulated activities by the Financial Conduct Authority.

    https://www.racingpost.com/news/britain/major-racing-sponsor-vertem-ordered-to-cease-operations-in-light-of-serious-regulatory-issues-ar9U02u3Hb5s/

    #1642589
    Avatar photoCork All Star
    Participant
    • Total Posts 11813

    “Northumbria Police arrested a 48-year-old man”.

    I wonder who that was? ;-)

    #1642590
    Avatar photoIanDavies
    Blocked
    • Total Posts 12996

    The TRF massive have thus far exhibited far more restraint in the gratuitous speculation department than their counterparts on Twitter.

    I’ve been impressed.

    No doubt full details will emerge in due course.

    I am "The Horse Racing Punter" on Facebook
    https://mobile.twitter.com/Ian_Davies_
    https://www.facebook.com/ThePointtoPointNHandFlatracingpunter/
    It's the "Millwall FC" of Point broadcasts: "No One Likes Us - We Don't Care"

    #1642594
    Cancello
    Participant
    • Total Posts 268

    James Horton will unfortunately come away stigmatized by this purely because of association. Mind you,thought it was no more than just a fairly promising start considering how much was splashed out at the sales. And looking at this season’s juveniles they have a one million Dubawi, but even more eye opening is they went to 600,000 Euro for the top priced Magna Grecia that came from 22,500 Euro covering. They also went to 230,000 for a Bated Breath filly. The latter two must have been outstanding lookers and walkers to reach these amounts but I guess the owner was also easily encouraged by the agent(s).

    #1642629
    Avatar photoIanDavies
    Blocked
    • Total Posts 12996

    Funny old game, Saint.

    I am "The Horse Racing Punter" on Facebook
    https://mobile.twitter.com/Ian_Davies_
    https://www.facebook.com/ThePointtoPointNHandFlatracingpunter/
    It's the "Millwall FC" of Point broadcasts: "No One Likes Us - We Don't Care"

    #1642945
    Avatar photoArchipenko
    Participant
    • Total Posts 270

    John Dance has been removed as the joint-owner of Bravemansgame for Thursday’s Alder Hey Aintree Bowl Chase at Aintree after his company, WealthTek LLP, was placed in special administration by the Financial Conduct Authority (FCA) last week.

    #1642948
    Avatar photoIanDavies
    Blocked
    • Total Posts 12996

    Does this ease or toughen the task facing Bravemansgame or do punters not need to actually care whose colours the horse runs in as it makes no difference to his chances whatsoever?

    I am "The Horse Racing Punter" on Facebook
    https://mobile.twitter.com/Ian_Davies_
    https://www.facebook.com/ThePointtoPointNHandFlatracingpunter/
    It's the "Millwall FC" of Point broadcasts: "No One Likes Us - We Don't Care"

    #1642971
    Avatar photoArchipenko
    Participant
    • Total Posts 270

    You are right of course 😂.

    #1643095
    Avatar photoadmin
    Keymaster
    • Total Posts 1267

    Bravemansgame now not permitted to run by BHA following Financial Conduct Authority intervention.

    #1643100
    Avatar photopatriot1
    Participant
    • Total Posts 993

    Wow!!

    I don’t have anything else to add.

    #1643380
    Avatar photoArchipenko
    Participant
    • Total Posts 270
    #1643383
    Avatar photoIanDavies
    Blocked
    • Total Posts 12996

    I had just read the latest story on RP and thought: “I wonder how long it will take Archipenko at TRF to post a link?”

    I didn’t have to wait long to find out!

    The big A is just LOVING this story!

    It is quite bizarre, I must admit!

    I am "The Horse Racing Punter" on Facebook
    https://mobile.twitter.com/Ian_Davies_
    https://www.facebook.com/ThePointtoPointNHandFlatracingpunter/
    It's the "Millwall FC" of Point broadcasts: "No One Likes Us - We Don't Care"

    #1643386
    Avatar photoArchipenko
    Participant
    • Total Posts 270

    Thanks Ian, I work in financial services so interesting on that side too!

    #1643390
    Avatar photoIanDavies
    Blocked
    • Total Posts 12996

    You’re welcome – tbh you’ve got me taking an increased interest in it!

    I am "The Horse Racing Punter" on Facebook
    https://mobile.twitter.com/Ian_Davies_
    https://www.facebook.com/ThePointtoPointNHandFlatracingpunter/
    It's the "Millwall FC" of Point broadcasts: "No One Likes Us - We Don't Care"

    #1643394
    Avatar photoArchipenko
    Participant
    • Total Posts 270

    I am not going to speculate here but there are things being said on a Betfair forum 😂😂.

    To be fair if the BHA were blocked from letting BMG run due to a court order, that’s serious.

    #1643397
    Avatar photoArchipenko
    Participant
    • Total Posts 270

    I would imagine Bravemansgame can’t run in case he gets injured / his value is otherwise diminished in some way.

    #1646156
    Avatar photoArchipenko
    Participant
    • Total Posts 270

    Bit late with this one.

    A sale of John Dance’s half share in Bravemansgame was approved by the FCA ahead of the horse’s run at Punchestown.

    Now in the sole ownership of Bryan Drew.

    Interesting to note that James Horton has two horses, listed as being owned by John and Jess Dance, entered in May.

    SAM MAXIMUS: Duke of York Clipper Stakes
    PHANTOM FLIGHT: Tattersalls Gold Cup

    As they are entered in grade 2 / 1 events respectively, I am wondering if these entries were made before Vertem failed.

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