British Dressage have released a statement, saying they are ‘saddened’ by the news that the London Spring International show has been cancelled.

The event, which was due to take place between the 12th and 17th of April at the ExCel in London, has been postponed until 2018, but it’s not known for definite whether the show will be held at all.

The show jumping and dressage event, organised by Daniel Watson, is thought to have been pulled due to financial reasons.

Daniel announced this morning: “Unfortunately due to financial restraints the ExCel Executive Board made the decision yesterday to at least postpone the show until 2018 in order to allow more time to deal with the financial aspects of the concept.

“Unfortunately the risk is too high for us to continue at this stage, but I thank everyone for your valued time and effort you have put into the show.”

Commenting on the news, British Dressage Chief Executive Jason Brautigam said: “It is always challenging for any venue to put on a show of this magnitude, particularly in the current climate and what remains a very competitive market.

“The vision to bring dressage to a wider audience in the East End of London was innovative and ambitious, and we will continue to work with the organising committee to see if there is any way that this could become a viable proposition in the future.

“We are of course saddened by the loss of this new show, and appreciate that riders and supporters will share our disappointment, but we still have a busy calendar of CDI events to look forward to this year, including the return of Windsor and Hickstead, as well as the exciting addition of the Bolesworth International in June.”