Cheltenham Gold Cup chasers as Arkle, Best Mate, Golden Miller, Kauto Star and Mill House. The Gold Cup is the most valuable non-handicap chase in Britain, and in 2014 it offered a total prize fund of £550,000. The first horse race known as the Cheltenham Gold Cup took place in July 1819. It was a flat race, and it was contested over 3 miles on Cleeve Hill, which overlooks the present venue. The inaugural winner, Spectre, won a prize of 100 guineas for his owner Mr Bodenham. The Cheltenham Gold Cup was first run as a jumps race on 12 March 1924. The
Cheltenham Gold Cup they lost their sponsorship following Jockey Club's and Arena Racing new initiative to not allow bookmaker sponsorships on their tracks that do not offer any contribution to horse racing from their offshore business. Only two weeks later a new sponsorship deal was announced with Timico, an independent internet service provider whose CEO Tim Radford is a horse owner having top chasers like Somersby and Racing Demon associated with his name. Timico also offered an increase of £25,000 to reach a total of £575,000 prize money for the 2016 Gold Cup renewal. It was the first time that the race had