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He will receive a base salary of , pounds per annum, 10 percent less than his predecessor, as well as 1. In addition, Glynn will receive a further 4 million shares, which can be vested depending on whether performance targets are met over a five-year period. If vested in full, the package would be worth 12 million pounds over five years. Shares in Ladbrokes were up 1. Breakingviews Reuters Breakingviews is the world's leading source of agenda-setting financial insight. The former was unfortunate to make a hash of the final obstacle on that occasion and his trainer is confident that his charge can go close to reversing the form with a clear round here.

Golden Cross, who was the highest-rated juvenile hurdler in Ireland last year, should also be given plenty of respect as he has already won at Grade 1 level since his gallant third in last season's JCB Triumph Hurdle. The Michael Halford-trained gelding could easily be the surprise package of the race and, like Geos, it will be very interesting to see how much support he comes in for on the day.

However, realistically he has to improve a great deal to get the better of the likely main protagonists and the shortlist for win only purposes is narrowed down to Rooster Booster, Rigmarole and Intersky Falcon. Starting with the last-named: Jonjo O'Neill's charge is adaptable regarding his style of running and has already proved that he is capable of playing a strong hand at the highest level. However, he was below par in this race last season and as that was his only previous start at the track, he has too many questions to answer.

Rigmarole, on the other hand, has done nothing but improve all season and has barely come off the bridle in his last three outings. The Paul Nicholls-trained six-year-old has no doubts about his ability to handle the course and can quicken his stride whatever the tempo of the race appears to be.

Therefore, using his easy defeat of Rooster Booster in the Bula Hurdle as the best form available, Rigmarole can break Paul Nicholls' hoodoo about his hurdlers in Cheltenham's biggest prize in this sphere of racing. Henry Daly has a pretty impressive record at the Festival, with three winners from 11 runners since he took over from his mentor, the late Captain Tim Forster four years ago, and it will not be long before he adds this prestigious prize to his tally.

Star Traveller came third in and Haut Cercy was only just touched off by Youlneverwalkalone 12 months ago, so will be strongly fancied to oblige. He goes well on a sound surface and lines up on the back of a pipe-opener over the course and distance when second to Kingscliff in the Tripleprint Chase, with Marlborough a further six lengths behind in third. Although now nine-pound higher in the weights than last year, Haut Cercy has had the lightest of preparations and has been well backed ante-post.

Marlborough was successful in this race four years ago, and showed that he is no back number by landing the Racing Post Chase at Kempton. However, older horses have struggled here over the past few seasons and at the age of 12, the stats are against Nicky Henderson's charge who has to shoulder topweight.

Shardam is an improving young sort who meets Marlborough on much better terms than at Kempton, has plenty of stamina and comes from a stable enjoying a tremendous season. Also, like half of the winners of this race since , he has form at Cheltenham, another reason not to discount Nigel Twiston-Davies' seven-year-old. Martin Pipe is triple-handed, with Chicuelo, You're Agoodun and Dark Stranger, but the Nicolashayne maestro has not been able to weave his magic in this particular event, having sent out 22 runners in all, with just four reaching the frame.

Fork Lightning was slightly disappointing last time but is a useful novice with course and distance form. Even so, no first-season chaser has obliged since Jomon in , and he therefore faces an uphill task. Although Royal Auclair is younger, he is more battle hardened, has won twice round here, and is much better off at the weights than when ninth last year. Although yet to score over this sort of trip, he has kept on well on each of his last three outings, and should go well under Ruby Walsh.

French raider Kelami is a dark horse but lacks course experience, and Skybet Chase hero Tyneandthyneagain will find this tougher. All in all, even though the last favourite to oblige was Antonin in , Haut Cercy has done nothing wrong and is the selection.

There are a whole host of other possibles to take into account, but Ibis Rochelais, a ten-length second last year, has by all accounts been trained with this in mind, and has been given the kid-glove treatment by Albert Ennis, having only returned to the fray just over three weeks ago when third to Prominent Profile at Sandown.

He is expected to turn the tables on Nigel Twiston-Davies' charge and also on Innox who was a place ahead of him in second. Jockeyship is always a big factor in this amateurs-only event and the fact that Tom Greenall is in the plate inspires confidence as well. Finding Martin Pipe's best entry is a real conundrum, but Royal Predica will line up four pounds lower than last year, while the formerly top-class Toto Toscato has been working well, but even with the trainer's incredible record of getting them fit first time, surely a four-year absence is too much.

Mondial Jack's age is against him as only one horse younger than seven has ever reached the frame, but Hours has the credentials to take a hand if his jumping does not let him down. Dominikus is another that has not been seen for some time, but his Perth victory was not at all bad, while of the Venetia Williams pair Ballyconnel and Jasmin Guichois, preference is for the latter, who, along with Jonjo O'Neill's Wagner, makes some appeal for a place.

Royal Predica's victory last year was the biggest shock in the race's history, but that should not happen here, and with ticks in all the right boxes as regards age, weight and past record, Ibis Rochelais should go very close indeed. Keepatem failed to make the line-up 12 months ago, but has been laid out for this since by his astute trainer who has been making bullish noises concerning the J P McManus-owned eight-year-old. Third at Aintree last year on his only other appearance on these shores, Keepatem is very lightly raced and has been absent since finishing just behind G V A Ireland in a Leopardstown qualifier for this event in January.

As some of the stable's inmates had been afflicted with the cough, he can be expected to improve for the run even though meeting that rival on the same terms. Confidence would be higher with more give in the ground, but even so he will be ready to run for his life and is selected.

Mistanoora is a course winner and comes from the local stable of Nigel Twiston-Davies who has been in great form this season. Of Pipe's trio, Imperial de Thaix went close in a qualifier run here and makes more appeal than Carlovent, but Tony McCoy is on Stormez who ran well back over hurdles at Haydock a month ago. Jonjo O'Neill won this 12 months ago with Inching Closer who has been chasing since moving stables, and who should not be left out of calculations in his bid for a follow-up.

Jonjo himself has three entries, but admits that Tardar, well beaten in last year's Coral Cup, has a tough task under topweight and would prefer much softer going. Len Lungo saddles both The Bajan Bandit and Freetown, the latter having been well-backed of late to follow up his success in this contest.

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