JP McManus, the Irish billionaire and renowned racing enthusiast, has purchased the promising novice hurdler The New Lion for a reported £1 million. The move is seen as a strategic maneuver ahead of the upcoming Cheltenham Festival, where McManus is hoping to secure victories in several key races.
JP McManus shocked the racing world on Saturday by acquiring the promising novice hurdler The New Lion for a reported £1 million. The Limerick tycoon purchased the Dan Skelton-trained horse from English businessman Darren Yates, who had previously stated that his unbeaten six-year-old was not for sale. McManus's offer proved irresistible, and The New Lion will now race in his iconic green and gold colors.
McManus's history of investing in horses already in training is well-documented, with notable acquisitions such as It's On The Line, Meetingofthewaters, and Iberico Lord on the eve of Cheltenham last year. His past purchases also include prominent names like Jezki, First Gold, Flagship Uberalles, A Dream To Share, and even Cross Country specialist Easysland. However, there are murmurs that this purchase may be a reaction to McManus's team potentially lacking strong contenders in several key races leading up to the Cheltenham Festival. Prior to acquiring The New Lion, McManus had no horse priced at less than 14-1 for the four Grade 1 Novice Hurdles at the Cotswolds. While his championship race lineup includes the red-hot favorite Jonbon for the Champion Chase, recent setbacks, such as Galopin Des Champs' dismissal of Fact To File in the Savills and Spillane Tower's disappointing performance in the King George, have significantly weakened his Gold Cup prospects. Currently, he lacks a top contender for the Champion Hurdle, and although there have been discussions about training Corbett's Cross for the Stayers' Hurdle, this route has not been particularly successful in the past
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