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The Everest

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URL: https://forum.thoroughbredvillage.com.au/forum_posts.asp?TID=59444
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Topic: The Everest
Posted By: Balciano
Subject: The Everest
Date Posted: 01 Feb 2017 at 12:18pm
Apparently there's a $10 Million 1200 metre sprint to be run at Randwick on Spring Champion Stakes Day 14th Oct.

Setup sounds similar to the recently run Pegasus World Cup with entries being purchased for $600K per slot.

Thoughts?



Replies:
Posted By: Dizzy
Date Posted: 01 Feb 2017 at 12:18pm
http://www.dailytelegraph.com.au/sport/superracing/nsw-racing/royal-randwick-to-host-10m-everest-sprint-at-spring-carnival-making-it-the-richest-race-on-turf/news-story/a0261e730d493eb8b04b0c599435c128?utm_source=Daily%20Telegraph&utm_mediam=email&utm_campaign=editorial" rel="nofollow - http://www.dailytelegraph.com.au/sport/superracing/nsw-racing/royal-randwick-to-host-10m-everest-sprint-at-spring-carnival-making-it-the-richest-race-on-turf/news-story/a0261e730d493eb8b04b0c599435c128?utm_source=Daily%20Telegraph&utm_mediam=email&utm_campaign=editorial


Posted By: djebel
Date Posted: 01 Feb 2017 at 12:36pm

Royal Randwick to host $10m Everest sprint at Spring Carnival — making it the richest race on turf

RAY THOMAS, The Daily Telegraph

SYDNEY will host the world’s richest thoroughbred race on turf with the introduction of the $10 million The Everest to be run at Royal Randwick during October.

The Everest is set to attract the best racehorses from around the world for the 1200m sprint.

Racing NSW chief executive Peter V’landys confirmed the $10 million race will be run on October 14 during Sydney’s spring carnival.

The Everest’s $10 million stakes money replaces the $6.2 million Melbourne Cup as the nation’s richest race.

The only races with more prizemoney are the $US12 million Pegasus World Cup run in Florida and the $US10 million Dubai World Cup. Both of those northern hemisphere races are run on dirt tracks.

The Everest will be run over 1200m at famous Royal Randwick under weight-for-age conditions.

Australian sprinters are generally regarded as among the best in the world but have needed to travel overseas to race at England’s Royal Ascot or Hong Kong’s Sha Tin to prove themselves.

Over the last decade or so Australian champions like Black Caviar, Takeover Target, Miss Andretti and Chautauqua have travelled to the northern hemisphere and beaten the best in the world.

But The Everest now provides an opportunity for Aussie sprinters to race in their own backyard and take on the best overseas sprinters.

The massive prizemoney for The Everest will be predominantly funded by a huge entry fee of around $600,000.

The field will have a maximum of 12 runners and those buying an entry secure a start in the race. This entry can be leased or on-sold to others wanting to race for The Everest’s huge prizemoney and prestige.

WORLD’S RICHEST HORSE RACES

$US12 million — Pegasus World Cup — Gulfstream Park, Florida.

$US10 million — Dubai World Cup, Dubai, UAE

$10 million — The Everest — Royal Randiwck, Sydney

$6.2 million — Melbourne Cup — Flemington, Melbourne

LIKELY CONTENDERS FOR THE EVEREST

Chautauqua

Astern

Flying Artie

Speith

Extreme Choice

Star Turn

Fell Swoop

Malaguerra

#Plus overseas entries



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reductio ad absurdum


Posted By: Fairest One
Date Posted: 01 Feb 2017 at 12:38pm
You actually need to make a three year commitment of $600k a year- so $1.8 financial investment.

You can scratch all of those horses from the list that aren't owned by irish stud farms or oil tycoons.




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Cmon Apparitions!!!


Posted By: antlowes
Date Posted: 01 Feb 2017 at 12:38pm
Surely there's a better name than 'The Everest'?



Posted By: saintly96
Date Posted: 01 Feb 2017 at 12:39pm
Let's see how it works out. Big money for those with a great sprinter.

Max field size of 12.

Obviously looking for HK sprinters and those from elsewhere heading to HK in December.


Posted By: deejays destiny
Date Posted: 01 Feb 2017 at 12:49pm
Godolphin will be the only ones able to afford itLOL


Posted By: Carioca
Date Posted: 01 Feb 2017 at 12:49pm
Originally posted by Fairest One Fairest One wrote:

You actually need to make a three year commitment of $600k a year- so $1.8 financial investment.

You can scratch all of those horses from the list that aren't owned by irish stud farms or oil tycoons.


I think there is one on the list Fairest One that might finish in the hands of the Irish.


Posted By: Balciano
Date Posted: 01 Feb 2017 at 12:50pm
Originally posted by Fairest One Fairest One wrote:

You actually need to make a three year commitment of $600k a year- so $1.8 financial investment.

You can scratch all of those horses from the list that aren't owned by irish stud farms or oil tycoons.




Wow that's insane.


Posted By: puntforfun
Date Posted: 01 Feb 2017 at 12:54pm
Wouldn't it have made more sense being run in Autumn.... October 14 basically rules out any young colt sprinter (i.e. any of the current 3yo crop) as they will more than likely be rushed off to stud duties rather than wait for a shot at the prize money. 


Posted By: Magnolian Khan
Date Posted: 01 Feb 2017 at 1:02pm
So it's going to be run on Caulfield Cup day is that right?


Posted By: Magnolian Khan
Date Posted: 01 Feb 2017 at 1:04pm
Originally posted by Magnolian Khan Magnolian Khan wrote:

So it's going to be run on Caulfield Cup day is that right?


Scratch that.
It will be on Guineas day.


Posted By: Magnolian Khan
Date Posted: 01 Feb 2017 at 1:04pm
Originally posted by Fairest One Fairest One wrote:

You actually need to make a three year commitment of $600k a year- so $1.8 financial investment.

You can scratch all of those horses from the list that aren't owned by irish stud farms or oil tycoons.




Bizarre idea. Will not work


Posted By: Duckssster
Date Posted: 01 Feb 2017 at 1:04pm
What internationals could this race attract?
Arrogate?


Posted By: Schillaci
Date Posted: 01 Feb 2017 at 1:05pm
V'Landys must have a good sprinter in the wings. Best keep an eye out.


Posted By: Fairest One
Date Posted: 01 Feb 2017 at 1:08pm
Outside of the huge players with stallion prospects, who from overseas would want to stump up $1.8 million to get whipped by our sprinters?

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Cmon Apparitions!!!


Posted By: marscay
Date Posted: 01 Feb 2017 at 1:17pm
Originally posted by Duckssster Duckssster wrote:

What internationals could this race attract?
Arrogate?
   

Better chance of Frankel turning up.


Posted By: Nocturnal
Date Posted: 01 Feb 2017 at 1:20pm
Lordy , lets rewind a year or so ago do you stump up for Buffering?

This seems a scheme hatched by the rich .

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The only problem with backing winners ? You never have enough on....


Posted By: Dr E
Date Posted: 01 Feb 2017 at 1:22pm
Good to see the wealthy entitled hierarchy of the racing industry catering to the "grass roots" element of the sport, and not just their own self interest ...Ermm

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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!


Posted By: Slammington
Date Posted: 01 Feb 2017 at 1:23pm
If they weren't chasing history in the Cox Plate, this would be a very enticing option for Winx.


Posted By: Dr E
Date Posted: 01 Feb 2017 at 1:23pm
The concept is inspired by the recent 'Pegasus World Cup Invitational' model, a $12 million event at Gulfstream Park, Florida taken out by Arrogate last weekend in which owners paid $1 million for the right to start in the race. 

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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!


Posted By: Dr E
Date Posted: 01 Feb 2017 at 1:28pm
What it might do, since it's a 3 year buy in, is extend the racing careers of some young stallion prospects who would otherwise be retired at 4 ...

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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!


Posted By: TJMitchell
Date Posted: 01 Feb 2017 at 1:28pm
Should've been called the "Only For The Rich Cup"


Posted By: subastral
Date Posted: 01 Feb 2017 at 1:30pm
The Everest will have fallen by 2020. These gimmicks simply do not last.


Posted By: marscay
Date Posted: 01 Feb 2017 at 1:32pm
Or the most irrelevant event ever conceived because it's the only way Sydney will get any limelight during spring.

Pointless and pathetic rnsw


Posted By: MorphettvilleMauler
Date Posted: 01 Feb 2017 at 1:33pm
it is an idea, not overly innovative, i just hope it works and 'they' get what they want out of it.

running up against caulfield guineas, but we do not have a national programme so they will just do as they please.

i wonder how many local horses not backed by the big stud farms will even enter.   will no doubt attract some overseas horses as most likely all who can afford it.

also it is currently a USD$7.6mil (AUD10mil) race if the article is to compare apples with apples. long way to go to eclipse the USD$12mil pegasus. (good start however)

i am not sure how this will benefit the racing that goes on week in week out around australia.  only time will tell i suppose.


Posted By: troppo75
Date Posted: 01 Feb 2017 at 1:41pm
Sorry, just read the article on this race.

600k entry? Lets say you own Scenic Blast or Flying Artie..  you have to win at least 2 G1 races and have a lazy 600k still in the kick.. TO ENTER!!!

"Normal owners" would have the money spent, maybe another horse.. or a nicer car?? You're not putting it in the bank thinking... gee I'd like to NOMINATE for a damn race... 

So.. to logically address this race... it has ZERO history to it.. so stud farms arent going to hang their hat on having won the prestigious 'everest'.. it's a cash grab.

It also gives NSW bragging right to the richest race?? So its a 'who's is bigger' contest?? Sword fight? Pretty lame. 


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Now having passed 1000 posts I feel you are all so much the wiser for my having said... stuff!


Posted By: whitt0
Date Posted: 01 Feb 2017 at 1:42pm
Fantastic idea - huge promotion for the industry.

More than likely only for the rich but these slots will be actively traded on the market like the Pegasus.

Very possible for a slot purchaser to on sell or sponsor a runner taking most of the upside.  

Intriguing!


Posted By: Speediskey
Date Posted: 01 Feb 2017 at 1:45pm
Incredibly stupid.


Posted By: Balciano
Date Posted: 01 Feb 2017 at 1:47pm
Originally posted by Fairest One Fairest One wrote:

Outside of the huge players with stallion prospects, who from overseas would want to stump up $1.8 million to get whipped by our sprinters?


Fair point. Also just read that the Arc meeting with multiple Group 1 sprints is just 2 weeks earlier, as is the Sprinters Stakes in Japan. Champions Day at Ascot is the week after, and Breeders Cup weekend is a fortnight after that.

Granted there are no $10 million sprints at those events, but you'd think those options would eliminate the vast majority of possible overseas entrants, particularly if they fork out $1.8 million over 3 years...


Posted By: Magnolian Khan
Date Posted: 01 Feb 2017 at 1:49pm
Why do you have to buy in for three years? Who has 1.8m lying around


Posted By: furious
Date Posted: 01 Feb 2017 at 1:52pm
I must be incredibly old fashioned.  

This seems to be fairyland and why copy the USA.  Their racing is not that healthy.

As said above the Arabs, Irish maybe a few others could but most horses are syndicates in Australia and not owned by that sort of money.

Why isn't it April 1 and all a hoox.

If they want a signature race concentrate on what they have don't further burden the calendar with a race which may not get the best field of sprinters.  Only the sprinters owned by the richest owners.

The T J Smith gets the best.  Up its prizemoney.  Build it up and stay away from gimmicks.  They come back to haunt you.




Posted By: deejays destiny
Date Posted: 01 Feb 2017 at 1:52pm
You can't buy history.



Posted By: Heavy10
Date Posted: 01 Feb 2017 at 2:07pm
Few years too late for Black Caviar


Posted By: Nocturnal
Date Posted: 01 Feb 2017 at 2:08pm
Originally posted by Heavy10 Heavy10 wrote:

Few years too late for Black Caviar
she would be racing for her own entry fee , she couldn't get even a field of 6 without a $600k weigh in

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The only problem with backing winners ? You never have enough on....


Posted By: BlackKnight
Date Posted: 01 Feb 2017 at 2:08pm
So the Pegasus was a massive flop (wagering in the US was about half of the Breeders Cup clash between Arrogate and CC) and Racing NSW decides to copy it? Says it all really.

Also, could there be a more inappropriate name for a 1200 metre race? Run it over 8,848 metres and I might change my tune.


Posted By: Parker Lewis
Date Posted: 01 Feb 2017 at 2:10pm
Why not name it after an Australian highpoint.

Like "The Kosciuszko" or "The Rooty Hill".


Posted By: Red Hare
Date Posted: 01 Feb 2017 at 2:28pm
Originally posted by whitt0 whitt0 wrote:

Fantastic idea - huge promotion for the industry.

More than likely only for the rich but these slots will be actively traded on the market like the Pegasus.

Very possible for a slot purchaser to on sell or sponsor a runner taking most of the upside.  

Intriguing!
In principle, yes.... but where's the market?? 12 starting owners... 36 spots over 3yr... all of the potential re-sale targets are already owners.

The only interest a stud farm might have would be to buy last bid rights on potential stallions, but then the owners would likely find a better deal - without the risk of a racing injury.

One positive, I suppose, would be that the Guineas field could find itself limited to legit milers - and the Coolmore wouldn't be hamstrung by horses attempting to go 4th or 5th up, -400m.


Posted By: furious
Date Posted: 01 Feb 2017 at 2:36pm
Don't see that as a good thing (Coolmore - Ascot Vale) Red hare.  We need the best fields in our best races.


Posted By: djebel
Date Posted: 01 Feb 2017 at 2:37pm
Originally posted by whitt0 whitt0 wrote:

Fantastic idea - huge promotion for the industry.

More than likely only for the rich but these slots will be actively traded on the market like the Pegasus.

Very possible for a slot purchaser to on sell or sponsor a runner taking most of the upside.  

Intriguing!



Good to see someone with a positive attitude.




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reductio ad absurdum


Posted By: Sneck
Date Posted: 01 Feb 2017 at 2:46pm
We've got the best sprinters in the world and our stayers are slugs.

Makes no sense of prize money to be so top heavy towards stamina.

Good idea, if they can get some good internationals out it'll be a great success. 


Posted By: JudgeHolden
Date Posted: 01 Feb 2017 at 2:51pm
Only thing worse than the concept is the name. Hope they don't give garbage like this Group status.


Posted By: antlowes
Date Posted: 01 Feb 2017 at 2:52pm
How deep does the race pay? Money back +++ for the first 6? 8?


Posted By: Hazyview
Date Posted: 01 Feb 2017 at 2:52pm
Jeez some whinging here.

Great idea, the timing works well - though there should be some consideration given to how a 3YO which has won a G1 as a 2YO could prep - they get belted in SWP races.

Looking forward to seeing how it unfolds and very interesting will be who buys the spots.


Posted By: furious
Date Posted: 01 Feb 2017 at 2:57pm
Put it in the races already ther Sneck and Djebel.  The T J Smith etc.  Up the game for them.  WFA over 1200m and Black Caviar on the list twice and brilliant wins both times.

But maybe they have already decided that the Championships are in the wrong time zone and want something earlier in the season.

The spring is a tad light for sprints.

You could up the stakes for The Shorts - moving it to one of the prime days for Sydney.  It was run over the equivalent of 1200m since 1867 till 1972 so has a history of sorts and at that distance.  You could fiddle with making it WFA and do a prizemoney hike and a invitational thing if you wanted.

Anything barr introducing yet another race with an idea which has already not shown great success.

Lots of good things could be done.


Posted By: Fairest One
Date Posted: 01 Feb 2017 at 2:59pm
Originally posted by furious furious wrote:

I must be incredibly old fashioned.  

This seems to be fairyland and why copy the USA.  Their racing is not that healthy.

As said above the Arabs, Irish maybe a few others could but most horses are syndicates in Australia and not owned by that sort of money.

Why isn't it April 1 and all a hoox.

If they want a signature race concentrate on what they have don't further burden the calendar with a race which may not get the best field of sprinters.  Only the sprinters owned by the richest owners.

The T J Smith gets the best.  Up its prizemoney.  Build it up and stay away from gimmicks.  They come back to haunt you.



It is not far fetched to suggest that the TJ Smith will still have a better field each year than this gimmick.

Would the owners of our top sprinters at the moment be willing to commit to a three year investment of $1.8 million?

I'd doubt the owners of Chataqaua, Fell Swoop and the like would. 

This race could be known as the "Unofficial Rich Owner Championships".


I don't see the concept being viable for anyone but rich studs.


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Cmon Apparitions!!!


Posted By: subastral
Date Posted: 01 Feb 2017 at 3:07pm
Originally posted by Magnolian Khan Magnolian Khan wrote:

Why do you have to buy in for three years? Who has 1.8m lying around
 
Whale.


Posted By: Sneck
Date Posted: 01 Feb 2017 at 3:09pm
Originally posted by Fairest One Fairest One wrote:

Originally posted by furious furious wrote:

I must be incredibly old fashioned.  

This seems to be fairyland and why copy the USA.  Their racing is not that healthy.

As said above the Arabs, Irish maybe a few others could but most horses are syndicates in Australia and not owned by that sort of money.

Why isn't it April 1 and all a hoox.

If they want a signature race concentrate on what they have don't further burden the calendar with a race which may not get the best field of sprinters.  Only the sprinters owned by the richest owners.

The T J Smith gets the best.  Up its prizemoney.  Build it up and stay away from gimmicks.  They come back to haunt you.



It is not far fetched to suggest that the TJ Smith will still have a better field each year than this gimmick.

Would the owners of our top sprinters at the moment be willing to commit to a three year investment of $1.8 million?

I'd doubt the owners of Chataqaua, Fell Swoop and the like would. 

This race could be known as the "Unofficial Rich Owner Championships".


I don't see the concept being viable for anyone but rich studs.
There should be one off tickets available in the secondary market, they might even look to back runners.


Posted By: subastral
Date Posted: 01 Feb 2017 at 3:16pm
I think there needs to be a wild card option available each year, paid for by the club, to get all racing fans interested. Without a good story, its just a rich gimmick, doomed to fail.


Posted By: Magnolian Khan
Date Posted: 01 Feb 2017 at 3:21pm
Originally posted by subastral subastral wrote:


I think there needs to be a wild card option available each year, paid for by the club, to get all racing fans interested. Without a good story, its just a rich gimmick, doomed to fail.


Winner of the Highway Race gets in or something similar?


Posted By: furious
Date Posted: 01 Feb 2017 at 3:27pm
That would certainly be a cat among the pigeons.  Or what about a free entry if you won the Slipper or the T J Smith.  That would stop the lesser horses being entered and whats the point if the best horses aren't there.  


Posted By: linghi11
Date Posted: 01 Feb 2017 at 3:28pm
from the prospectus:

Mounting yard access for the Everest will be the exclusive domain of the elite players of Australian and international racing.

Stern Smile


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to the victor


Posted By: furious
Date Posted: 01 Feb 2017 at 3:34pm
Ouch they really need to get their heads out of the sand.  That sounds badly worded even to me who has a habit of letting things go straight over me without registering the error.

What is better than seeing the syndicates win with their masses of owners who bring so much enthusiasm to owning a racehorse.  IE Prince of Penzance after the Cup.

Mix with the masses and see just what racing needs - apart from wonderful racemares like Winx and Black Caviar.


Posted By: the miz
Date Posted: 01 Feb 2017 at 3:51pm
Messiah bought iadd who has he bought this time.
This race is yet another dumb idea from RNSW.

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the miz
v'landwick the king of spin


Posted By: skippy123
Date Posted: 01 Feb 2017 at 3:52pm
Originally posted by subastral subastral wrote:


I think there needs to be a wild card option available each year, paid for by the club, to get all racing fans interested. Without a good story, its just a rich gimmick, doomed to fail.

Brilliant idea- only way to make it work


Posted By: Duckssster
Date Posted: 01 Feb 2017 at 4:11pm
William Hill Market:



Posted By: James
Date Posted: 01 Feb 2017 at 4:34pm
Originally posted by furious furious wrote:

Ouch they really need to get their heads out of the sand.  That sounds badly worded even to me who has a habit of letting things go straight over me without registering the error.

What is better than seeing the syndicates win with their masses of owners who bring so much enthusiasm to owning a racehorse.  IE Prince of Penzance after the Cup.

Mix with the masses and see just what racing needs - apart from wonderful racemares like Winx and Black Caviar.

Didn't POP only have two owners?


Posted By: deejays destiny
Date Posted: 01 Feb 2017 at 4:35pm
100's of owners in POP. Lot's of first timers.


I'll have to speak to my fellow owners, maybe we can aim Boogie Woogie Man at this ?


Posted By: Phazeal
Date Posted: 01 Feb 2017 at 4:47pm
This is the most ridiculous idea I have ever heard.
 
Almost no one in racing can afford to front with $600k+ no matter how good their sprinter is. It's another mailto:w@nk" rel="nofollow - w@nk  that would cost our racing industry millions per year for no purpose if it ever got off the ground. God there are some idiots running this industry in NSW.
 
It would have given Black Caviar an extra $20million in prizemoney against one or two starters stupid enough to come to Australia and blow $600k. It would also probably have extended her racing career by three years so she could take an extra $15million from those fools at RacingNSW but guaranteed she'd only have had one start per year. Maybe a barrier trial in the Manikato.
 
It's not just Black Caviar. In the majority of seasons we have a DOMINANT sprinter who doesn't really get beaten. And almost nobody is going to come from overseas when the trip alone costs them $700k. And half the horses the seasonal champion beats have only won maybe $200k and owners don't have the extra sitting around in a jar (except a couple for whom money carries less relevance than it does to the noobs at RacingNSW).
 
Even Godolphin wouldn't be stupid enough to buy a slot in this with a 3-year buy-in. Sure, says JOS, we got the favourite for this year's race. Oops, he got beat. Oh and we have to find someone to buy our slot for next year and the year after 'cause I got nothing coming through the stable to warrant that investment".
 
I doubt this will ever get off the ground. It's that stupid.


Posted By: Second Chance
Date Posted: 01 Feb 2017 at 4:47pm
Good one DJ  LOL

ps on a more serious can't help but notice that a horse by the name of Neolithic ran 3rd in the Pegasus, before which he'd just had one Group placing and "amassed" a total of $109k in prize-money.  In all truth a galloper not a whole lot better than Boogie Woogie Man, which says very little for the concept.  Dead 


Posted By: Stainvita
Date Posted: 01 Feb 2017 at 4:52pm
Originally posted by antlowes antlowes wrote:

How deep does the race pay? Money back +++ for the first 6? 8?

As an example the pegasus run on the weekend was 250k each runner 4th to 12th

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If your hands aren't shaking you haven't put enough on.


Posted By: Second Chance
Date Posted: 01 Feb 2017 at 4:54pm
Originally posted by Phazeal Phazeal wrote:

This is the most ridiculous idea I have ever heard.  Almost no one in racing can afford to front with $600k+ no matter how good their sprinter is. It's another mailto:w@nk" rel="nofollow - w@nk  that would cost our racing industry millions per year for no purpose if it ever got off the ground. God there are some idiots running this industry in NSW.  I doubt this will ever get off the ground. It's that stupid.  

Absolutely correct there Phaz.  The only saving grace is that the the number of idiots running NSW (and in effect Australia) has reduced somewhat over recent times.  Even the ordinary Vic racing authorities wouldn't come up with such a cr@p concept.


Posted By: linghi11
Date Posted: 01 Feb 2017 at 4:55pm
$175 for 5th down, so unless you run 3rd or better you do your dough 

imagine if the regular Randwick big day weather turns up for this Shocked


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to the victor


Posted By: linghi11
Date Posted: 01 Feb 2017 at 4:57pm
any plans for that they'll do with the interest that accrues on $21.6M they hope to get in their kitty?

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to the victor


Posted By: furious
Date Posted: 01 Feb 2017 at 4:57pm
Look NSW have done plenty of good in recent years.  Not the least the country championships and TAB Handicaps races.  Has put a bounce in the country racing steps that has been missing for years but I fail to see this as a bonus.

Rethink the format before it's run.  Don't just follow something that didn't work.  SC and above are right.  We won't get the field they want and boy will that screw with the Sires' Standings.  At the moment Winx - being a middle distance horse is winning the championship for her sire.  Yes a bit more money in the sprints wouldn't go amiss but for that money you want the best field even if they are black sheep bought for $10,000.  If they are G1 winners they deserve to be there.  Somehow this seems a backward step away from alot of the good they have been up to.


Posted By: Fairest One
Date Posted: 01 Feb 2017 at 4:58pm
Originally posted by Phazeal Phazeal wrote:

This is the most ridiculous idea I have ever heard.
 
Almost no one in racing can afford to front with $600k+ no matter how good their sprinter is. It's another mailto:w@nk" rel="nofollow - w@nk  that would cost our racing industry millions per year for no purpose if it ever got off the ground. God there are some idiots running this industry in NSW.
 
It would have given Black Caviar an extra $20million in prizemoney against one or two starters stupid enough to come to Australia and blow $600k. It would also probably have extended her racing career by three years so she could take an extra $15million from those fools at RacingNSW but guaranteed she'd only have had one start per year. Maybe a barrier trial in the Manikato.
 
It's not just Black Caviar. In the majority of seasons we have a DOMINANT sprinter who doesn't really get beaten. And almost nobody is going to come from overseas when the trip alone costs them $700k. And half the horses the seasonal champion beats have only won maybe $200k and owners don't have the extra sitting around in a jar (except a couple for whom money carries less relevance than it does to the noobs at RacingNSW).
 
Even Godolphin wouldn't be stupid enough to buy a slot in this with a 3-year buy-in. Sure, says JOS, we got the favourite for this year's race. Oops, he got beat. Oh and we have to find someone to buy our slot for next year and the year after 'cause I got nothing coming through the stable to warrant that investment".
 
I doubt this will ever get off the ground. It's that stupid.

I've been one of the most vocal critics of it on twitter today but to be fair to them the race, is self-funded largely by the sale of the slots. 

They should have a market on who will buy the slots. I have no doubt that Godolphin will put their hand up and probably have already been canvassed about it. 


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Cmon Apparitions!!!


Posted By: furious
Date Posted: 01 Feb 2017 at 5:01pm
They could slot in Exceed and Excels, Street Crys could try a Sepoy and Helmet - might get them further up the Sire Standings.  The winner would go to the lead for at least 1/2 the season unless numbers of other winners are very small.


Posted By: djebel
Date Posted: 01 Feb 2017 at 5:09pm
If people can affor 600,000 for a yearling they can afford 600,000 or 1.8m over 3 years for this concept and the gamble is nowhere near as big.

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reductio ad absurdum


Posted By: Phazeal
Date Posted: 01 Feb 2017 at 5:14pm
Originally posted by Fairest One Fairest One wrote:

I've been one of the most vocal critics of it on twitter today but to be fair to them the race, is self-funded largely by the sale of the slots. 

The race is completely UNFUNDED, except by the industry. On the planet RacingNSW are on they would get $7.2million back in buy-ins, costing them $2.8million every year. Show me $2.8million of value to the racing industry in this futile exercise. But on Earth virtually nobody in the country would buy in. Now, show me $7million worth of value to our industry.
 
Who wants to lay down a wager now, in 2017, on ANYTHING in 2020 at odds of less than 8/1 with a minimum bet of $600,000?
 
It would be a walkover for the best sprinter in the country with complete HACKS filling the remainder as those handful of fools keen enough to spend $1.8million and don't have anyone good enough to run in it do their best to scrounge $50-$200k each year selling off their spots to people who think they might be able to run second or third. Ball of Muscle, Kuro, etc. Wow what a spectacle.
 
 


Posted By: Phazeal
Date Posted: 01 Feb 2017 at 5:20pm
Originally posted by djebel djebel wrote:

If people can affor 600,000 for a yearling they can afford 600,000 or 1.8m over 3 years for this concept and the gamble is nowhere near as big.
 
The upper ceiling for the return on a yearling purchase is somewhere around $500million. Also, you know what you're putting your money on when you buy a yearling, regardless of how it fares. Buying a slot for three years in a race when almost no owner consistently has a runner worthy of being in the field smacks of the dirtiest kind of stupidity.
 
 


Posted By: subastral
Date Posted: 01 Feb 2017 at 5:22pm
Struggling to understand the rationale behind the 3 year slot purchase. Is it the only way to save the race from being a one year wonder?


Posted By: Phazeal
Date Posted: 01 Feb 2017 at 5:22pm
Originally posted by furious furious wrote:

Look NSW have done plenty of good in recent years.  Not the least the country championships and TAB Handicaps races.  
 
Don't get me started on the TAB Highway races. Only Racing NSW could take such a wonderful concept and botch it so badly.


Posted By: furious
Date Posted: 01 Feb 2017 at 5:26pm
Well they might not be perfect but how did they botch it.



Posted By: TJMitchell
Date Posted: 01 Feb 2017 at 5:40pm
Winx. hahahahahahaha. F me. Corporates after a bit of that 'dumb money'



Posted By: StormSiren
Date Posted: 01 Feb 2017 at 5:46pm
I hope some businesses look at this as a marketing opportunity, because we could end up with an interesting field.

The studs are a given - daresay Darley, Coolmore, Newgate and Arrowfield would already be in on it.

I think something that could make it interesting would be Inglis/Magic Millions buying a stake - offer it to one of their star graduates each year that wouldn't otherwise make it. Powers that be could approach Keeneland/Tattersalls/Arqana/JBBA about it as well.

Wouldn't be a bad marketing tool for a couple of the major trainers either - Waller, Waterhouse, etc. 


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Lost in the magical world of racing. Storm Siren, Sirens Star, Elpis & Wait For It.


Posted By: whitt0
Date Posted: 01 Feb 2017 at 5:47pm
Originally posted by Phazeal Phazeal wrote:

Originally posted by djebel djebel wrote:

If people can affor 600,000 for a yearling they can afford 600,000 or 1.8m over 3 years for this concept and the gamble is nowhere near as big.
 
The upper ceiling for the return on a yearling purchase is somewhere around $500million. Also, you know what you're putting your money on when you buy a yearling, regardless of how it fares. Buying a slot for three years in a race when almost no owner consistently has a runner worthy of being in the field smacks of the dirtiest kind of stupidity.
 
 

I dont like the 3 year concept but there must be good reasons for it (outside of locking them in).

but i like mot other aspects. 

If you have a fit quality sprinter - why would you buy another $300k yearling (I say as money grows on trees) when you could have a crack at this.


Posted By: Sheera
Date Posted: 01 Feb 2017 at 6:03pm
Originally posted by Dr E Dr E wrote:

What it might do, since it's a 3 year buy in, is extend the racing careers of some young stallion prospects who would otherwise be retired at 4 ...

Unfortunately if it's like the US version, they can use the slot they buy to enter ANY horse. So just because they buy a 3 year slot for one horse they could actually enter 3 different horses each year. 

As with one guy in the US, he tried to use the slot he bought to buy an up & comer off other owners. It fell through so he had to enter his own donkey LOL


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GO SHIRA


Posted By: Tlazolteotl
Date Posted: 01 Feb 2017 at 6:03pm
I find it hard to think of a horse who will run. 3 years investment - that's all the colts out unless you start paying the day they're born.


Posted By: JudgeHolden
Date Posted: 01 Feb 2017 at 6:14pm
Originally posted by StormSiren StormSiren wrote:

I hope some businesses look at this as a marketing opportunity, because we could end up with an interesting field.

The studs are a given - daresay Darley, Coolmore, Newgate and Arrowfield would already be in on it.

I think something that could make it interesting would be Inglis/Magic Millions buying a stake - offer it to one of their star graduates each year that wouldn't otherwise make it. Powers that be could approach Keeneland/Tattersalls/Arqana/JBBA about it as well.

Wouldn't be a bad marketing tool for a couple of the major trainers either - Waller, Waterhouse, etc. 


So a trainer is going to stump up $1.8mil for marketing purposes? Or turn to their dopiest owner perhaps.


Posted By: whitt0
Date Posted: 01 Feb 2017 at 6:16pm
Originally posted by JudgeHolden JudgeHolden wrote:

Originally posted by StormSiren StormSiren wrote:

I hope some businesses look at this as a marketing opportunity, because we could end up with an interesting field.

The studs are a given - daresay Darley, Coolmore, Newgate and Arrowfield would already be in on it.

I think something that could make it interesting would be Inglis/Magic Millions buying a stake - offer it to one of their star graduates each year that wouldn't otherwise make it. Powers that be could approach Keeneland/Tattersalls/Arqana/JBBA about it as well.

Wouldn't be a bad marketing tool for a couple of the major trainers either - Waller, Waterhouse, etc. 


So a trainer is going to stump up $1.8mil for marketing purposes? Or turn to their dopiest owner perhaps.

I wonder which trainers...........


Posted By: Campaspe
Date Posted: 01 Feb 2017 at 6:17pm
The only solo Aussie owner (not a big stud or international set up like China Horse Club) who I can think of that wouldn't blink at putting up that sort of money to reserve a spot in a race is Lloyd Williams. And he doesn't have sprinters.


Posted By: James
Date Posted: 01 Feb 2017 at 7:00pm
Will the race be a G1? Seeing as it is a buy in would you assume that it would not be granted that status?


Posted By: Flight
Date Posted: 01 Feb 2017 at 7:07pm
Originally posted by James James wrote:

Will the race be a G1? Seeing as it is a buy in would you assume that it would not be granted that status?
 
Last time I looked, a race has to earn G1 status. Big smile
 
Money cannot buy them.  No matter how hard they try.
 
Bit like trying to buy respect. 
 
 
 
 


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“The probability of a certain set of circumstances coming together in a meaningful (or tragic) way is so low that it simply cannot be considered mere coincidence. ”
― V.C. King


Posted By: Fiddlesticks
Date Posted: 01 Feb 2017 at 7:31pm
Can anyone buy a horse and race it to win this race...NO

fail.

Dear ATC stop being silly.




Posted By: Bonfield
Date Posted: 01 Feb 2017 at 8:04pm
Interesting initiative. I hope it's successful.


Posted By: bradjm
Date Posted: 01 Feb 2017 at 8:10pm
I like the suggestion earlier, the rooty hill

Its a little beauty


Posted By: Sunline
Date Posted: 01 Feb 2017 at 8:22pm
Originally posted by Nocturnal Nocturnal wrote:


This seems a scheme hatched by the rich .

Couldn't agree more, Noccy.

This stinks of elitist self-service. Slowly but surely, the elite will chip away and eventually exclude the average punter who has a share in a horse and work towards an industry more like the US and UK, where it's simply the wealthy winning each other's money, and breeders financing events to create their own stallions and broodmares.


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Sunline...simply supreme


Posted By: Mug-Punter
Date Posted: 01 Feb 2017 at 8:54pm
To me the 3 yr commitment is ridiculous! I understand the concept but by yr 3 I can see it being no better than a listed quality race. I hope I'm wrong! Something better than nothing!

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The Mugg


Posted By: TIGER
Date Posted: 01 Feb 2017 at 9:24pm
Great idea

Should have made it a 50 million dollar race day and throw more money down the drain

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EAD


Posted By: acacia alba
Date Posted: 01 Feb 2017 at 9:25pm
Originally posted by subastral subastral wrote:

The Everest will have fallen by 2020. These gimmicks simply do not last.

LOL  Thats what they said about The Golden Slipper when it was first proposed .


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animals before people.


Posted By: Lordy
Date Posted: 01 Feb 2017 at 9:35pm
Originally posted by Nocturnal Nocturnal wrote:

Lordy , lets rewind a year or so ago do you stump up for Buffering?

This seems a scheme hatched by the rich .

Doubt it. That's just a stupid amount of money. Sounds like a pi$$ing contest for high rollers. A bit like the yearling sales in some ways.


Posted By: whitt0
Date Posted: 01 Feb 2017 at 9:39pm
Whats the cost for fully accepting for the Melb Cup?  $70k?


Posted By: Spearmint
Date Posted: 01 Feb 2017 at 10:13pm
How bloody boring is this concept?

But let's watch this elitist super rich game take place.

This is not about quality horse racing, this is about 12 lottery tickets that can be traded among the rich.One will make more money that they don't need whilst the rest can lose money that they don't need. Who cares?

We already have a quality horse racing system based on black type racing that has a proven heritage, where the only thing that matters is if your horse has the quality to compete and not the amount of money you have.

Anyway if Racing NSW believe that the way to market horse racing to the public is that it is elitist and for the very rich then this concept should work

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"Nothing in the world is so powerful as an idea whose time has come"


Posted By: BlackKnight
Date Posted: 01 Feb 2017 at 10:21pm
Originally posted by Spearmint Spearmint wrote:

How bloody boring is this concept?

But let's watch this elitist super rich game take place.

This is not about quality horse racing, this is about 12 lottery tickets that can be traded among the rich.One will make more money that they don't need whilst the rest can lose money that they don't need. Who cares?

We already have a quality horse racing system based on black type racing that has a proven heritage, where the only thing that matters is if your horse has the quality to compete and not the amount of money you have.

Anyway if Racing NSW believe that the way to market horse racing to the public is that it is elitist and for the very rich then this concept should work




Posted By: Sunline
Date Posted: 01 Feb 2017 at 10:22pm
Originally posted by BlackKnight BlackKnight wrote:

Originally posted by Spearmint Spearmint wrote:

How bloody boring is this concept?

But let's watch this elitist super rich game take place.

This is not about quality horse racing, this is about 12 lottery tickets that can be traded among the rich.One will make more money that they don't need whilst the rest can lose money that they don't need. Who cares?

We already have a quality horse racing system based on black type racing that has a proven heritage, where the only thing that matters is if your horse has the quality to compete and not the amount of money you have.

Anyway if Racing NSW believe that the way to market horse racing to the public is that it is elitist and for the very rich then this concept should work



Clap


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Sunline...simply supreme


Posted By: Magnolian Khan
Date Posted: 01 Feb 2017 at 10:37pm
What is it called Everest? What is it's relevance to the race?


Posted By: vaopoaljsie
Date Posted: 01 Feb 2017 at 10:40pm
Nsw flipped the calendar two page too far . It's on feb 1 today sweethearts


Posted By: subastral
Date Posted: 01 Feb 2017 at 10:40pm
Originally posted by acacia alba acacia alba wrote:

Originally posted by subastral subastral wrote:

The Everest will have fallen by 2020. These gimmicks simply do not last.

LOL  Thats what they said about The Golden Slipper when it was first proposed .
 
 
I am sorry you fail to see the difference between the 2.


Posted By: vaopoaljsie
Date Posted: 01 Feb 2017 at 10:41pm
Mark my words

this will be a disaster


Why do you commit for three years

It's a ducking hupoxrisy garbage maggot infested bowels of greedy corporate right wingers on the board who make me want to vomit

Just cannot stand these puss balls


Posted By: Magnolian Khan
Date Posted: 01 Feb 2017 at 10:47pm
Originally posted by vaopoaljsie vaopoaljsie wrote:

Mark my words

this will be a disaster


Why do you commit for three years

It's a ducking hupoxrisy garbage maggot infested bowels of greedy corporate right wingers on the board who make me want to vomit

Just cannot stand these puss balls


Umm.



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