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The Leader Newspaper
By Andrew Atkinson
Magners have pulled the plug on sponsoring the Cheltenham Festival Gold Cup in a huge blow to the racing industry.
Magners had revealed in November it would not take up their option to sponsor the 2022 Gold Cup.
Jockey Club Racecourses, which lost £90m revenue amid the coronavirus in 2020, announced the Cheltenham-based charity WellChild would have their name at the four-day Festival meeting in March.
WellChild is a national charity, which helps sick children and their families.
Magners three-year deal included an option to extend for a further 12 months, but Cheltenham has announced that will not happen.