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Horse racing fans offered bonds to fund Cheltenham work

By Keith Weir LONDON (Reuters) - The owners of Cheltenham Racecourse plan to raise 15 million pounds towards the cost of a new grandstand by selling horse racing fans a bond offering rewards including discounts on tickets. The Jockey Club, which owns the track in western England, is planning to spend 45 million pounds on improvements for Cheltenham, adding a new grandstand and more luxurious royal box by 2016.

Cheltenham plans £45 million upgrade

LONDON (Reuters) - Cheltenham racecourse plans to build a new grandstand complete with an upgraded royal box in a 45 million pound makeover of the venue, home to one of the most prestigious festivals in jump racing, its owners said on Thursday. The new grandstand, with capacity for 6,500 spectators, will replace a smaller 1920s block where private boxes including the one for the royals are located.

Racing: Long Run looks to regain Gold Cup crown

Long Run will bid to become only the second horse in history to regain the blue riband of jump racing the Cheltenham Gold Cup here on Friday. Only Kauto Star has achieved the feat before, reclaiming the crown in 2009 - having lost his title to stablemate Denman in 2008 - and Long Run will have to see off his stablemate and favourite Bobs Worth if he is to emulate him.

Horse racing-Jockey, three footballers banned after corruption probe

LONDON, Jan 25 (Reuters) - Jockey Andrew Heffernan was disqualified from riding for 15 years and three footballers were excluded from being involved in horse racing on Friday following a British Horseracing Authority (BHA) corruption inquiry. Heffernan was found guilty of conspiring with others to commit a corrupt and fraudulent practice, receiving a bribe and intentionally failing to ensure a horse ran on its merits.
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