All hail JP McManus - without him jump racing would be much poorer, and so would an extraordinary number of trainers

As they approached the final hurdle, Like-A-Butterfly was in the lead but Adamant Approach was challenging and looked the likely winner. Adamant Approach fell and Like-A-Butterfly held off Westender by a neck to win Cheltenham’s 2002 Supreme Novices’ Hurdle.

It was bad news for racecourse bookmakers brave enough to have taken on JP McManus’s favourite; worse for the bravest of them, the legendary Freddie Williams. An imminent profit of £100,000 suddenly turned into a loss of £225,000.

Williams was an extraordinary man and didn't complain; nor did he four years later when he took a bet of £100,000 from McManus on Reveillez, who promptly won the Jewson Novices’ Chase at 6-1, then took £5,000 each-way on McManus’s Kadoun, the 50-1 winner of the Pertemps Final.