A 24-hour reprieve has cost jockey Darren Beadman $30,000 - but it has won him the chance to fulfil a pledge made to dying owner Jack Ingham to win Saturday's Cox Plate on Lonhro.

In a result he described as a "fairytale" Beadman had a 14-meeting careless riding suspension cut by one day.

Stewards suspended Beadman earlier this month, imposing a penalty which had been due to expire at midnight on Cox Plate day.

But after he made an impassioned plea for leniency the panel of five Victoria Racing Club committee members reduced the length of the suspension, but imposed the biggest fine in Victorian racing history.

"I'm totally relieved," Beadman said.

"Now there's a chance the fairytale will come to pass."

The champion jockey had earlier told the appeal panel of a promise he made to Lonhro's part-owner Jack Ingham only three days before he died.

Beadman told how Ingham had been the first owner he formed an association with when he began his apprenticeship in 1982.

Ingham died in August only days after Beadman had visited him in hospital.

"I went to shake hands with him and he brushed my hand away and said `give me a kiss and a cuddle'," Beadman told the appeal board.

Brought to you by AAP © 2024 AAP