Dubai World Cup May Exceed $20m in 2018

Dubai World Cup May Exceed $20m in 2018

Dubai World Cup May Exceed $20m in 2018

Saturday, 31 March, 2018 will be the biggest event in Horse Racing history, the Dubai World Cup could be worth as much as $25m, that is the whisper around the industry.

The Dubai World Cup had been the World’s richest horse race until it was usurped early in the year by The Pegasus World Cup. Fresh off the heels of the inaugural running of the $12 million USD Pegasus World Cup Invitational, The Stronach Group announced that the world’s richest Thoroughbred horse race is about to get even richer.

The Dubai Racing Club last raised the prize of their signature race to $10m in 2010, and there are rumors that the aim is to double the purse in time for the Expo in 2020, but they may come earlier than expected.

On January 27th, 2018, the world will again turn its attention to South Florida in anticipation of an extraordinary, new record-setting $16 million USD purse.

dubai, world cup, horse racing, hore racing dubai, worlds richest, pegasus
HALLANDALE, FL – JANUARY 28: Arrogate #1, ridden by Mike Smith win the Pegasus World Cup Invitational at Gulfstream Park on January 28, 2017 in Hallandale Beach, Florida. (Photo by Zoe Metz/Eclipse Sportswire/Getty Images)

Dubai is rarely outdone.

Created through the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Dubai World Cup provides a truly global stage upon which the best horses in the world come to compete every year.

The biggest sporting and social occasion on the Dubai calendar, the massive race day is held at Meydan Racecourse on the last Saturday in March. It is the jewel in the crown of Dubai racing and it likely to return as the world’s richest race in 2018.

Prize money in racing is on the rise

Around the world prize money for horse races is on the rise driving the value of bloodstock continually higher. There are now multi-million dollar races on offer in every corner of the globe that cover different conditions, distances and sexes. Horse racing is booming.

“Dubai World Cup day features nine group races worth $30m in prize money, with the final race on the card, the showpiece Group 1 Dubai World Cup held over 2000m, carrying a prize purse of $10m,” Frank Gabriel Jr, executive director for racing for the Dubai Racing Club said. “This makes Dubai World Cup day the richest day in thoroughbred racing.”

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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