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Matthew Baird-Parker was pulled from Arkle Beck at Reeth, North Yorkshire, on Sunday by firefighters but died later in hospital.
BBC: Matthew Baird Parker
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Earlier the 11-10 favourite Bust Out pulled out all the stops to land the Baileys Arkle Perpetual Challenge Cup Novice Chase.
BBC: Like-A-Butterfly too strong
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In North Yorkshire, a canoeist, believed to be in his 30s, has died after he was pulled from the swollen Arkle Beck, near Reeth.
BBC: Canoeist dies as thaw brings flooding
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Owner Jim Lewis said that Best Mate, who was the first horse since Arkle in the 1960s to win the Gold Cup three times, was a pleasure to own and would never be forgotten.
BBC: SPORT | Other Sport... | Horse Racing | Gold Cup legend Best Mate dies
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True, he loves Cheltenham, winning two of its Gold Cups in terrific style, and there is every chance this undoubtedly great horse will emulate Arkle and record a hat-trick, but goodness the rivals are circling, and menacingly so.
BBC: Jim Lewis, owner of Best Mate
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Geraghty had tasted the other side of the racing coin at the 2002 meeting when despite picking up his first Festival winner on Moscow Flyer in the Arkle, he was handed a 12-day ban for his ride on Magnus.
BBC: Pertemps Hurdle