While the Financial Conduct Authority’s (FCA) investigation into Mr Dance continues, it has agreed to sufficient ongoing funds being released to cover the costs of Mr Dance’s racing operations, in accordance with the terms of the High Court’s Freezing Order.
This is with a view to supporting the welfare of the horses and the livelihoods of the staff impacted by the investigation.
The BHA is therefore permitting runners through Mr Dance’s business, in the name of Coverdale Stud and Titanium Racing club. Mr or Mrs Dance will not be permitted to have personal runners in their own names.
Any prize money or other business profits will be frozen under the terms of the High Court’s Order and the BHA remains in continued dialogue with the FCA to supervise this arrangement.
The BHA continues to work with the FCA to ensure the terms of the High Court’s Order are complied with, whilst prioritising the wellbeing of the horses and people affected.