Five Spots Still Open for The Everest for Those with Spare $600K

Racing NSW has been doing some tinkering with its spring racing carnival, to say the least, with the biggest tinker being the inaugural running of The Everest, the new claimant, by a large margin, of the title of richest turf race in the world.

The Everest deserves some credit for audacity and we mean that in the most positive terms. It trails only the Pegasus World Cup of the U.S., a race worth $12 million, in prizemoney. There are over 300 million people in the U.S., so Australia, with its population of 23 million, deserves some bragging rights.

The Everest and the Pegasus World Cup share the trait of selling slots to participants. The brain trust at Racing NSW borrowed the concept, perhaps, but the aim is the same, that of attracting an international field of the world’s best sprinters.

The price tag for one of the 12 starting posts in The Everest is $600,000. Goldolphin could have purchased all 12 slots with the petty cash fund, especially when you factor in the fact that the $6K entry fee earns barrier rights for three years and carries the right to race a horse, lease the slot, or sell the slot outright.

Credit for the Racing NSW/ATC event that caps the September 9 – October 14 is given to Racing NSW Chief Executive Peter V’landys.

The winning horse will claim $5.8 million. All 12 runners will claim some money, with positions six through 12 each taking home $175,000, which is roughly equivalent to the prizemoney needed for an Australian race to earn Group 3 status.

Chautauqua, She Will Reign and Houtzen are three of the confirmed starters at this point. English, Fell Swoop and Caravaggio are also slotted. The Star Entertainment Group, which will have a runner declared by the Hayes operation, has the seventh slot.

Racing NSW and the ACT deserve some credit for injecting some new interest in thoroughbred racing and for not stepping on the Melbourne Cup, although the honchos at Caulfield might feel otherwise, as they have four Group 1 races jumping on the same day.

Copyright © - Gamble Responsibly 18+

Subscribe to our mailing list and receive a Free Racing Ebook