Harry Redknapp narrowly missed out on a £50,000 payday at Cheltenham after his horse was pipped to the finish line.

The Jukebox Man was defeated right in the final stretch of the 2.50pm Albert Bartlett Novices' Hurdle as Stellar Story rode to victory.

The former West Ham and Tottenham manager, 77, cut a visibly disappointed figure after the race.

He had stood to win £75,965 if The Jukebox Man finished first, meaning he lost close to £50k as second place was only awarded £28,620.

Stellar Story, who was at 119-1, ended up winning the race in dramatic fashion with a late surge.

However, Redknapp is not the only Premier League manager to have a horse at Cheltenham.

Legendary Manchester United manager Sir Alex Ferguson owns the horse Protektorat which is trained by Dan Skelton.

With Sam Allardyce and Bryan Robson looking on, too, Ferguson did the double — winning the Pertemps Hurdle with 25-1 shot Monmiral, ridden by Harry Cobden, and the Ryanair Chase with 17-2 chance Protektorat, guided home by Harry Skelton.

Ferguson, who shares ownership of both horses with friends Ged Mason and John and Lisa Hales, said after Monmiral’s shock victory: ‘I’ve waited a long time for this but that was fantastic. What a jockey, deary me, he was brilliant.

Earlier today, the skies above Cheltenham didn't show much signs of sunshine, but that didn't appear to dampen the spirits of those entering the racecourse on the final day of the Gloucestershire meet.

Alongside classic spectator attire - including neutral macs, knee-high riding boots and wide-brimmed fedoras galore, there were plenty of racegoers determined to get themselves noticed in the style stakes.

As the day got underway revellers screamed and cheered on their horses - while sipping on Champagne.

Leading the royals on Friday was Princess Anne; the 73-year-old, who also attended on Thursday, cut an elegant figure in a bright red coat, teamed with black suede boots and a brown fur hat. The Princess Royal was accompanied by her husband Sir Tim Laurence.

Also in attendance was Mike and Zara Tindall, again back for more racing after also attending the event on Thursday.

The royal couple, who puckered up for a sweet kiss at one point, exuded rural chic in a coordinated outfit, with Mike opting for a full tweed suit, and Zara in a grey belted coat with over-sized collar and black suede knee-high boots.