Cheltenham Announce Good News Re Sponsor

Cheltenham Racecourse has announced that Neptune Investment Management has renewed and extended its jump racing sponsorship portfolio.

The investment company has added two new races to a series that already included four Grade Two Novices’ Hurdle races leading up to the showpiece Grade One Neptune Investment Management Novices’ Hurdle on the first day of the Cheltenham Festival, taking place this season on Wednesday, 16th March 2011.

Cheltenham has had mixed news regarding sponsorship in recent weeks with the Connaught Group being forced into administration only last week . Although no financial details were releases, the prize fund for the Grade One race at the Festival is UK£100,000.

Cheltenham’s director of sponsorship, Peter McNeile, added: ”The company has brought a refreshing new energy to the races it supports and I’m sure the Neptune Investment Management brand will gain even greater exposure this season, given the number and the profile of races under the Neptune banner.“

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