The World’s Richest Horse Race
A new $12-M thoroughbred race in the United States, to be held for the 1st time on 28 January 2017, will top Dubai’s $10-M prize
The Dubai World Cup may be about to lose its claim to be the world’s richest horse race following the announcement of a rival competition last week.
A new $12-M thoroughbred race in the United States will top Dubai’s $10-M March tournament prize if it is not increased.
The Pegasus World Cup will be held at Gulfstream Park in Florida with 12 starting positions open for $1-M each.
The competition has been proposed by Austrian-born Canadian businessman Frank Stronach’s company, which owns Gulfstream and several other racetracks across the country including Pimlico and Santa Anita.
The Stronach Group said those that pay for a spot will be able to race, lease, contract or share a starter or sell their place in the starting gate.
Entrants will also have the 1st option to buy into the next year’s event and share equally 100% of the net income from handle, media rights and sponsorship’s from the race.
The company said the 28 January date was chosen so as to not conflict with the Dubai World Cup or the Breeders’ Cup.
Admissions will be restricted to horses of 4 years and older and the race will be run on the dirt track.
The admission price and distance will eliminate most racehorses.
In March, Victor Espinoza galloped to victory at the Dubai World Cup on winning horse California Chrome trained by Art Sherman.
Have a terrific weekend.