The Ryanair Steeple Chase, or the Festival Trophy Steeple Chase to give it its registered name, was introduced in 2005 when a fourth day was added to The Festival. Some think that it is the reincarnation of the Cathcart Challenge Cup but that isn’t strictly true as that race was restricted to first and second-season chasers. Run over a distance of two miles, four and a half furlongs, the race was initially granted Grade 2 status and was sponsored by the Daily Telegraph.
Thisthatandtother had proven his liking for Cheltenham by finishing runner-up in that season’s BetVictor Gold Cup, December Gold Cup and re-scheduled Victor Chandler Chase. Memories of his fall, when sent off favourite for the previous season’s Arkle, were soon forgotten as the Paul Nicholls-trained gelding won out in a gripping battle with Fondmort in the hands of Ruby Walsh.