This meeting also features the Coral Finale Juvenile Hurdle, Chepstow is one of three racecourses in Wales, the others being at Bangor-on-Dee and at Ffos Las.[2] In 1925 a group of ten South Wales gentry and businessmen, that included Courtenay Morgan, 1st Viscount Tredegar who was also Lord-Lieutenant of Monmouthshire, and Lord Queenborough;[3] formed a company to purchase Piercefield House, and lay out a new racecourse in its estate.Unforeseen extra costs in laying it out meant that it struggled financially for the first ten years of its existence and yet more contributions were needed from the directors.To begin with, the flat racing was more prestigious, with the Welsh Derby, Oaks and St Leger being run for good prize money.[2] Listed on the AIM stock market as a plc in the late 1990s, Sir Stanley Clarke built up an 80% stake in the company and then reversed his existing Northern Racing racecourse holdings into the shell.