Post Unveiled As Festival Sponsor Cheltenham have announced the Racing Post will sponsor the Mildmay of Flete Chase at the Festival meeting for the next two years. The two-mile-five-furlong contest, run on March 16, will now be known as the Racing Post Plate and boasts a prize fund of £75,000. The newspaper will also be sponsoring the leading rider and trainer awards at the four-day fixture. Edward Gillespie, Cheltenham´s managing director, said: 'The Racing Post has been a supporter of Cheltenham and the Festival for many years and this deal further cements our relationship.'