JOHN DANCE is one of the most high-profile owners in racing.
But he has made headlines for another reason after a Financial Conduct Authority probe into his business and being removed as owner of top horse Bravemansgame.
Dance is no longer co-owner of superstar stayer Bravemansgame
Here, Sun Racing tells you all you need to know about the businessman.
Who is John Dance and why does he no longer own Bravemansgame?
Dance, 48, is a multi-millionaire businessman and one of the most well-known owners in racing.
The horse he owned probably best known among racing fans was Bravemansgame.
The Paul Nicholls-trained King George winner was due to run in the Aintree Bowl on Thursday, April 12.
But he was blocked from running at the last minute after the British Horseracing Authority received a court order amid an investigation into Dance’s business.
The horse was also switched to the sole care of Bryan Drew.
A BHA statement read: “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12 April by the Financial Conduct Authority (FCA) Bravemansgame is no longer able to take part in the race and has been withdrawn.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.”
Sun Racing told you it was not immediately clear who made the decision to remove Dance as the co-owner of Bravemansgame.
Since Dance’s company WealthTek, which also has the trading names of Malloch Melville and Vertem Asset Management, was shut down Dance has not had any runners.
He employs James Horton as his private trainer from Manor House Farm Stables in Middleham, but the young handler does not have any new entries for the owner.
Dance, who is also a DJ in his spare time, has had a huge amount of success as an owner.
His brilliant filly Laurens won six Group 1 races on the Flat during her career, banking over £1.7million in prize-money.
He is also the sponsor of a Group 1 race at Doncaster, namely the Vertem Futurity Trophy, as well as the Eider Chase at Newcastle.
WealthTek was ordered to stop all regulated activity a week ago and special administrators were ordered in last Thursday following the discovery of ‘serious regulatory and operational issues’ by the FCA.
A special administration is classified by the FCA as ‘a modified insolvency procedure for certain investment firms’.