Onwards we go at Prestbury Park and with 25 runners, the Coral Cup is one of the week’s trickiest races to predict. The betting is led by the Gordon Elliott-trained Tombstone, owned by airline boss Michael O’Leary. 

Paul Nicholls has a good chance with Modus but one of the outsiders is The Romford Pele – named after former Arsenal star Ray Parlour...

Image source, Getty Images

Image source, Getty Images

Former Manchester United manager Sir Alex has been chatting to BBC Radio 5 live about his horses, of which he thinks he currently owns 12.

"I took Cathy (his wife) to this festival for our anniversary and then coming down to London she was always on about me being obsessed about my job - I said 'do you think we should buy a horse?' and that started it.

"It is a great relaxation, a great occasion at Cheltenham, they are fantastic days. A few of the lads go together and we really enjoy it. Last night was very enjoyable!"

Plenty of celebrities and familiar faces at Cheltenham today, as always.

Among them is Sir Alex Ferguson, who seems to be having a great week with former Manchester United captain Bryan Robson.

Auay Jokesomefun:  When Norwich City beat Bayern Munich 2-1 in Germany in the 1993 UEFA Cup. The commentator said: "This is almost fantasy football."

Chris Irontooth: Istanbul 2005. The day Liverpool's Djimi Traore become a Champions League winner, Djimi Traore.

Jamie Ainslie: Hartlepool being 10 points from safety and staying up on the last day two years ago

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Manchester City are hoping to reach the Champions League quarter-finals tonight as they hold a 5-3 lead over Monaco before the away second leg.

Watch some of City boss Pep Guardiola's news conference, courtesy of BBC Radio Manchester's Blue Tuesday.

Stepping away from Cheltenham for a few minutes...

Tony Bellew could need surgery on his right hand and be out of action for up to five months, according to boxing promoter Eddie Hearn.

Bellew suffered the injury early on during his recent fight with David Haye, which Bellew won in the 11th-round when Haye's corner threw the towel in.

Yesterday, Bellew tweeted the following...

Next up at Cheltenham is the Coral Cup at 14:50 GMT and we'll have news on that shortly.

Lizzie Kelly
National Hunt jockey at Cheltenham

It's Ladies' Day today, Might Bite's colours wouldn't have won a prize. But what a great race.

You thought he was going to hack up by about 10 lengths or so. But that's the joy of racing.

That's never nice news to bring you. 

But let's concentrate on the last race for a second, and Might Bite's somewhat dramatic win.

Some sad news to bring you from the opening race of the day, the Neptune Investment Management Novices Hurdle.

Consul De Thaix, trained by Nicky Henderson and owned by JP McManus, has suffered what officials described as a fatal injury after he fell at the sixth-last flight.

Jockey Mark Walsh has been stood down for the day following the fall. He was due to ride favourite Cantlow in the Cross Country Chase later this afternoon.

Simon Phillip, chairman of Kent County Cricket Club, who fronts the Knot Again Partnership, owners of Might Bite, told BBC Radio 5 live: "I don't think I can even watch that again when I get home on the telly. 

"I'm bowled over by that. I turned away and someone said 'he's getting up, he's getting up'.

"I thought it was all over. Easy street. But we know it can all go wrong.

"Nothing can get near this, it's a dream come true!"

Image source, Reuters

Andrew Thornton
National Hunt jockey at Cheltenham

Might Bite had it all the way coming up to the last fence, made a hash of the last and started to go right across the track. It's on the nod.

I have never seen a horse drift across after the last fence, you could see he was weary. It's like staring into the abyss coming up that hill.

Nobody will be more relieved than Nico de Boinville to beat his stablemate. 

What drama!

Might Bite was comfortably ahead of the rest of the field but blundered at the last fence and drifted wildly.

It allowed Whisper to overtake him but somehow Might Bite and Nico de Boinville rallied again to grab it on the line by a nose.

Full result

1 Might Bite (Nico de Boinville) 7-2 Fav 

2 Whisper (D N Russell) 9-2 

3 Bellshill (R Walsh) 5-1 

12 ran

Might Bite (7-2f) gets it.

It's a photo-finish in the second race on day two of the Cheltenham Festival, the RSA Novices' Chase between Might Bite and Whisper.

After a bit of a delay at the start, they are off in the second race on day two of the Cheltenham Festival, the RSA Novices' Chase.

Might Bite goes off as favourite but it is a keenly-contested race.

Missed a race? Wondering what's to come?

We've put together all today's  racecards for you here

On to the second race of the day then.

Last year, Alpha Des Obeaux finished second to Thistlecrack in the World Hurdle and made a good start to his chasing career but suffered burst blood vessels last time out and has had a break. 

He is trained by Mouse Morris who has Cheltenham Gold Cup and Grand National honours to his name.

Nicky Henderson will hope to add to his tally of winners with Might Bite who had a heavy fall at Kempton in December, while Acapella Bourgeois could give Sandra Hughes a first Cheltenham success.

Image source, Getty Images