The 1992 Grand National was the 146th renewal of the world-famous Grand National horse race that took place at Aintree Racecourse near Liverpool, England, on 4 April 1992. It was won in a time of nine minutes and 6.4 seconds and by a distance of lengths by 14/1 shot Party Politics, ridden by Welsh jockey Carl Llewellyn. The winner was trained by Nick Gaselee of Hungerford, Berkshire, and carried the colors of owner Patricia Thompson, pink with purple crossbelts, hooped sleeves, and a purple cap. The winning owner collected £99,943 of a total prize fund shared through the first five finishers of £167,386. For safety reasons, the field was restricted to 40 runners. All of the horses returned safely to the stables. The winner proved a very popular horse with a topical name; many of the once-a-year punters backed him because the race fell just five days before the 1992 United Kingdom general election.
Leading contenders
Docklands Express was sent off as the 15/2 favorite despite having been a first fence faller in the previous year's National. In the year since he had put together several good performances in the major chases, winning the Racing Post Chase at Kempton in February and then finishing third in the Cheltenham Gold Cup the following month. With regular rider Anthony Tory unavailable, champion jockey Peter Scudamore took the ride and gave their backers every chance jumping the Canal Turn on the second circuit among an unusually large number of runners still holding a chance of victory. Scudamore moved his mount through the field on the run back to the racecourse, turning for home a close-up third but was unable to quicken into the second-last fence and was beaten by the final flight, fading to finish over 25 lengths down in fourth. Brown Windsor was backed down to 8/1 in partnership with 1986 winning rider Richard Dunwoody despite the horse having been off the course for more than a year after finishing fourth in the 1990 race. The horse returned to the course early in 1992 in three preps for the National, winning the third and was among the leaders when falling at Becher's Brook on the first circuit. Owner Michael Buckley later said: "The form says he fell, but that's unfair to Brown Windsor. Richard Dunwoody was unseated. Albeit by a loose horse crashing into him mid-air." Twin Oaks was allocated top weight of 11 stone 7 lbs and had won two of his three prep races since pulling up in the Welsh Grand National in December, one of those being the Peter Marsh chase at Haydock in February and was sent off at 9/1 in company with regular jockey, Neale Doughty, himself the winner of the race in 1984. Doughty rode a patient waiting race towards the rear of the main pack before moving through the field three fences from home. They jumped into a distant fourth briefly at the second last flight but could make no impression from that point and finished twenty-seven and a half lengths distant in fifth. This proved to be Twin Oaks' only attempt at the National and went on to win the Tommy Whittle Chase in December before being retired after a poor run in a Greenalls Gold Cup in February 1993. Cool Ground was bidding to become only the second horse ever to win the Cheltenham Gold Cup and Grand National in the same season. In the absence of regular rider, Adrian Maguire, Martin Lynch took the ride and was in contention in the first dozen at The Canal Turn but was under pressure after jumping the third last flight and never got closer than his eventual tenth-place finish. Auntie Dot proved popular with the public after her third in the previous year's National and four victories in the year since enhanced her credentials when sent off as a 12/1 shot with Mark Dwyer in the saddle. The mare was at the rear of the main pack at the Canal Turn second time around but was unable to get on terms and finished a distant sixteenth in what proved to be her final race. Laura's Beau attracted attention after winning the four-mile National handicap chase at Uttoxeter three weeks before the National and was sent off at 12/1 with Conor O'Dwyer in the saddle. Having spent the majority of the race well to the rear, Laura's Beau came through the field after the Canal Turn to take the last fence in fourth place, albeit a long way behind. he overhauled Docklands Express on the run in to take third place. Both the eventual winner and second, Romany King were also well supported at 14/1 and 16/1 respectively while the grey, Stay On Tracks and the 1990 Midlands Grand National winner, Wilsford were both also 16/1.
The race and its build-up were broadcast live on BBC television for the thirty-third consecutive year as part of a Grandstand Grand National special hosted by Des Lynam. The commentary team for the twenty-second consecutive year was John Hanmer who covered the first four fences, Julian Wilson who covered the fence before Becher's Brook until Valentine's Brook before handing back to Hanmer who covered the field back onto the racecourse proper, before handing over to the anchor commentator, Peter O'Sullevan who covered the start, midway point and finish of the race. This was the last year that Wilson commentated for the BBC thus bringing an end to the longest unbroken commentary team line-up in the televised history of the race.
