Wed, Feb 1, 2:06pm by Senior Writer
Sydney will stage the world’s richest horse race on turf in October after Racing NSW announced that a new race called ‘The Everest’ will be run over 1200 metres an d be worth AU$10 million
In a move which will send shockwaves through the racing industry, the massive purse will be mostly funded by owners of up to 12 horses in the race, who will pay a $600,000 entry fee to nominate their horse.
It will surpass the Melbourne Cup, Australia’s most famous race, currently worth $6 million, as the richest race in the nation, while it will also be the richest race run on turf in the world.
It is a similar model to the Pegasus World Cup which was staged in Florida last weekend and was won by the world’s highest rated racehorse Arrogate.
But while that race was run at 1800m on dirt and was worth SU$12 million, this race will be staged over 1200 metres at Randwick and is aimed at attracting the world’s best sprinters.
Twelve slots will be sold in The Everest through an expression of interest entitling the owner of the slot an entry in the field.
“The Everest will be a game-changer for racing in Sydney and provide a stage for showcasing the best Australian sprinters against leading international contenders,” said Racing NSW Chairman, Russell Balding.
It is a huge fillip for the Australian Turf Club, which operates Randwick, as well as for the Sydney Spring carnival, which has always sat in the shadow of the much bigger event in Melbourne.
“The Everest is a joint venture between Racing NSW and the Australian Turf Club, who share a vision to see more Sydney racing on the world stage. Royal Randwick itself is an international landmark, and it will now rightly showcase the world’s richest sprint over one of the best but most testing 1200m courses anywhere in racing,” Australian Turf Club Chairman, Laurie Macri said.
It will be a massive shock to Victorian racing, whose hold on the mantle as Australia’s premier racing state has been loosened in recent years since Racing NSW’s huge investment in their autumn showpiece The Championships as well as the rise in Saturday prizemoney.
This event will be held on October 14 this year, clashing with the Caulfield Guineas meeting in Melbourne, which hosts four Group Ones.
While it won’t necessarily detract from the quality of horses competing in the Melbourne spring, it will overshadow the nation’s greatest race, the Melbourne Cup, which will be held three weeks later,
“This represents an innovative concept and a tremendous new event to promote thoroughbred racing to a broader audience” Racing NSW Chief Executive Peter V’landys said.
“Being a sprint over Royal Randwick’s testing 1200m circuit, The Everest is tailored to Australian racing,” V’landys added.
Sportsbet have already opened a market on The Everest with Winx the $4 favourite despite the race being well short of her preferred distance.
She won over 1200m as a two-year-old but ahs only raced over that distance once since for a seventh.
Flying Artie $8
Extreme Choice $8
Music Magnate $15
Lady Aurelia (USA) $15
Mecca’s Angel (IRE) $15
Acapulco (USA) $15
Star Turn $15
Limato (IRE) $15
Russian Revolution $26
Black Heart Bart $34
Lucky Hussler $34
Not Listenin’tome $67
Big Arthur $67
The Quarterback $67
Fell Swoop $67
Lucky Bubbles $67
Under The Louvre $101
Rebel Dane $101
Illustrious Lad $101
Pakistan Star $201
For the Philippine-based gambling sector, the National Bureau of Investigation (NBI) wears both white and black hats, although you may want to…
It was a battle to get Encore Boston Harbour open with Wynn Resorts’ founding father and former boss Steve Wynn accused of…
Macau is putting its junket operators under tighter regulatory scrutiny following Suncity Group’s week to forget, but have so far found no…