Juddmonte has announced the appointment of six-time Irish champion jockey Colin Keane as its retained rider with immediate effect.

The deal is worth less than half the value at which Toronto-headquartered Alphawave floated when it listed in London just over four years ago.

But Home Secretary Yvette Cooper is yet to agree a final settlement with the Chancellor, with reports suggesting greater police spending will mean a squeeze on other areas of her department’s budget.

The opening event was a Team Open on Friday when 31 teams of four players battled it out in a modified waltz format. The event was won with ...