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The Everest

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Balciano View Drop Down
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    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?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dizzy Quote  Post ReplyReply Direct Link To This Post Posted: 01 Feb 2017 at 12:18pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote djebel Quote  Post ReplyReply Direct Link To This Post 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



STRIKE WHILST THE IRON IS HOT

reductio ad absurdum

The richest man is not he who has the most, but he who needs the least.

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Fairest One View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Fairest One Quote  Post ReplyReply Direct Link To This Post 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.


Cmon Apparitions!!!
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antlowes View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote antlowes Quote  Post ReplyReply Direct Link To This Post Posted: 01 Feb 2017 at 12:38pm
Surely there's a better name than 'The Everest'?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote saintly96 Quote  Post ReplyReply Direct Link To This Post 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.
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deejays destiny View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote deejays destiny Quote  Post ReplyReply Direct Link To This Post Posted: 01 Feb 2017 at 12:49pm
Godolphin will be the only ones able to afford itLOL
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Carioca Quote  Post ReplyReply Direct Link To This Post 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.
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Balciano View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Balciano Quote  Post ReplyReply Direct Link To This Post 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.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote puntforfun Quote  Post ReplyReply Direct Link To This Post 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. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Magnolian Khan Quote  Post ReplyReply Direct Link To This Post Posted: 01 Feb 2017 at 1:02pm
So it's going to be run on Caulfield Cup day is that right?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Magnolian Khan Quote  Post ReplyReply Direct Link To This Post 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.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Magnolian Khan Quote  Post ReplyReply Direct Link To This Post 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
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Duckssster Quote  Post ReplyReply Direct Link To This Post Posted: 01 Feb 2017 at 1:04pm
What internationals could this race attract?
Arrogate?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Schillaci Quote  Post ReplyReply Direct Link To This Post Posted: 01 Feb 2017 at 1:05pm
V'Landys must have a good sprinter in the wings. Best keep an eye out.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Fairest One Quote  Post ReplyReply Direct Link To This Post 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?
Cmon Apparitions!!!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote marscay Quote  Post ReplyReply Direct Link To This Post 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.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Nocturnal Quote  Post ReplyReply Direct Link To This Post 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 .
The only problem with backing winners ? You never have enough on....
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post 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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Post Options Post Options   Thanks (0) Thanks(0)   Quote Slammington Quote  Post ReplyReply Direct Link To This Post 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.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post 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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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post 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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Post Options Post Options   Thanks (0) Thanks(0)   Quote TJMitchell Quote  Post ReplyReply Direct Link To This Post Posted: 01 Feb 2017 at 1:28pm
Should've been called the "Only For The Rich Cup"
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Post Options Post Options   Thanks (0) Thanks(0)   Quote subastral Quote  Post ReplyReply Direct Link To This Post Posted: 01 Feb 2017 at 1:30pm
The Everest will have fallen by 2020. These gimmicks simply do not last.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote marscay Quote  Post ReplyReply Direct Link To This Post 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
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Post Options Post Options   Thanks (0) Thanks(0)   Quote MorphettvilleMauler Quote  Post ReplyReply Direct Link To This Post 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.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote troppo75 Quote  Post ReplyReply Direct Link To This Post 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. 
Now having passed 1000 posts I feel you are all so much the wiser for my having said... stuff!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote whitt0 Quote  Post ReplyReply Direct Link To This Post 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!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Speediskey Quote  Post ReplyReply Direct Link To This Post Posted: 01 Feb 2017 at 1:45pm
Incredibly stupid.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Balciano Quote  Post ReplyReply Direct Link To This Post 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...
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