The Lowdown: going updates, racecards, news and tips for Wednesday's action

Today's news

• NEW REVELATIONS: Amer Abdulaziz Salman’s Phoenix Luxembourg Fund, lauded by its founder as “the world’s first regulated thoroughbred fund”, has been placed into voluntary liquidation and never operated as a functioning investment fund at all.

• FAIRYHOUSE FIREWORKS: Willie Mullins and Gordon Elliott are strongly represented in all three Grade 1 events at Fairyhouse on Sunday. Samcro and Irish Grand National winner Burrows Saint are set to clash in the Drinmore Novice Chase.

• GOING FOR GOLD: The Magners Cheltenham Gold Cup next March remains the aim for Bristol De Mai but trainer Nigel Twiston-Davies revealed the eight-year-old will not run in the Ladbrokes King George VI Chase on Boxing Day.

• WEATHER WATCH: Newcastle will put frost covers down on Thursday in order to protect Saturday's racing, which features the Grade 1 Betfair Fighting Fifth Hurdle.

Key links

Today's racecards
Today's non-runners
Today's free racing tipsLatest free bets

Today's meetings

**STAR MEETING**
Wetherby (first race 12.40)
Former Cheltenham Festival winner Hawk High is a leading contender in the feature 1m7f handicap chase (2.20) on his first start after a break but faces an intriguing younger opponent in Ecu De La Noverie, who defeated the talented Mister Fisher in a Newbury novice hurdle last season. Read the full preview here.
Going Soft

Southwell (AW) (12.20)
Going Standard

Hereford (12.30)
Going Soft, heavy in places

SPOTLIGHT TIP: Sweet Adare (2.40)

Kempton (AW) (4.10)
Going Standard to slow

Key non-runners

Keep up to speed with today's non-runners and the latest changes with Raceday Live.

Today's tips

Keith Melrose's top tip

Dustin Des Mottes
2.20 Wetherby
Pulled hard but went well for a long way in a race that looked strong last time. This is easier.

Live Tipster
Pietro Innocenzi leads our team of experts providing live insight through the day on Raceday Live.

Today's video

David Jennings and Gavin Lynch are back for another episode of Upping The Ante with bet365, they share their ante-post selections for the Stayers' Hurdle.

For the freshest betting advice, based on latest going and market conditions, don't miss the Live Tipster every afternoon. Just click Raceday Live at racingpost.com or the mobile app