Pictures and footage have emerged showing a man and his partner waving a giant Australian flag in the crowd at the Melbourne Cup - and the shocking moment Araldo flipped out and broke his leg on the way back to the mounting yard that led vets to put him down. Channel Seven have identified a man in a green polo shirt and a black cap as Mark Schneider, who along with his partner was pictured on the fence celebrating the race with a huge flag. Footage taken from the woman's phone, Channel Seven cameras and a camera mounted on the helmet of Araldo's jockey Dwayne Dunn capture the exact moment the horse spots the flag in the crowd and loses its composure - kicking a fence that shattered its leg.
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Araldo broke his leg after being spooked by an Aussie flag on way back to mounting yard after the race
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The Victorian Racing Club have banned flags from horse areas and changed the path they take after the race
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The changes will be implemented for the final two days of the spring carnival
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Flag-waver Michael Schneider said he was 'shattered' by the event which lead to the death of Araldo
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There was hope that the horse's injury could be operated on but it was put down after all options were exhausted
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Pre-race favourite Admire Rakti collapsed and died in the stalls after finishing last in the race
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Protectionist ($7.50) won the Melbourne Cup by three lengths
Araldo
Araldo
Araldo
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Mr Schneider, with the assistance of another man, helps hold his partner up as she waves the large flag that spooked @placeholder