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The founding of the Cheltenham Gold Cup was an important event in the history of National Hunt racing. In the early 1920s there were very few valuable weight-for-age steeplechases. Apart from the National Hunt Chase at Cheltenham and the Champion Chase at Liverpool all the most important races were handicaps. Some people thought this was not in the best interests of the sport, so the Gold Cup was founded to redress the balance to a certain degree. It is not sure who had the idea for the Gold Cup, but it may have been Mr F.H. Cathcart, the Chairman

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