EVEREST DOOR OPENS

Greg Ingham’s GPI Racing is set to put their slot for The New South Wales Everest up for sale with the sales process being managed by Inglis.

We’re not very far along in the process with Inglis calling on interested parties to begin there expression of interest. This initial phase will remain open for a little over a month and the deadline for this phase of negotiations will close in April.

“The Everest is the most incredible concept and we are delighted to be a part of it,” Ingham said.

“Mr Bon Ho participated in the race in 2019 on the GPI slot with Classique Legend and while it didn’t work out on that occasion, it certainly whetted his appetite and he came back and won it in 2020, so we are excited by the prospect of another party taking up the use of our slot, possibly even for each of the next 3 years.

“The prizemoney pool was $15 million in 2020 and the race is only going to get better and better and with a bit of luck, it will be back to being a full house at Randwick for the 2021 edition later in the year.”

Whoever wins the bidding gets the rights to a Slot Licence for the race which will give them full pre and post race rights for the contract period which could be either one, two or three years. 

Its an exciting time to get involved in The Everest with prize money increasing in 2021 up to $15m and potential further increases in the years to come beyond that. 

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