Frank Stronach announced his plan today for the worlds richest race, scheduled to be run January 28th, 2017 at Gulfstream Park. The race is unique with its unusual set of race conditions, in order to be one of the 12 entrants permitted to start. Here's the story. TJ
http://www.bloodhorse.com/horse-racing/ ... -world-cup
The Inaugural Running of The $12 Million Pegasus World Cup
Moderators: Roguelet, hpkingjr, WaveMaster
Re: The Inaugural Running of The $12 Million Pegasus World C
Interesting. The $1 million buy-in is steep, but the idea of having the runners share the mutual take is unique. Looking at recent Breeders' Cup Classics, I'd expect the straight and vertical exotics handle to be in the neighborhood of $20 million on this type of race. If the avg net take is 20%, that would mean they'd share $4M, in addition to the $12M in entrance fees.
The article did not specify the purse distribution (60%, 22%, 9%, 6%, 3% is the normal East Coast mix, I think) ...
I'll believe it when I see it, but at least they are trying to be innovative, so "hat's off" to Stronach for putting a new idea out there!
The article did not specify the purse distribution (60%, 22%, 9%, 6%, 3% is the normal East Coast mix, I think) ...
I'll believe it when I see it, but at least they are trying to be innovative, so "hat's off" to Stronach for putting a new idea out there!
- geowarrior
- Leading Sire
- Posts: 3593
- Joined: Sat Jul 08, 2006 12:45 pm
- Location: Spokane, WA
Re: The Inaugural Running of The $12 Million Pegasus World C
It's going to get it's Grade 1 status from the Donn Handicap, so I presume that one will be no more. Pity, I always liked the Donn.
- geowarrior
- Leading Sire
- Posts: 3593
- Joined: Sat Jul 08, 2006 12:45 pm
- Location: Spokane, WA
Re: The Inaugural Running of The $12 Million Pegasus World C
I guess they got 12 people to pony up the million bucks http://www.bloodhorse.com/horse-racing/articles/211740/twelve-already-committed-to-pegasus-world-cup.
Re: The Inaugural Running of The $12 Million Pegasus World C
geowarrior wrote:It's going to get it's Grade 1 status from the Donn Handicap, so I presume that one will be no more. Pity, I always liked the Donn.
Yeh - they needed a G1 race that those promising newly turned 4yos could use to take on the big boys, if they missed the BC and the other Graded stakes in Nov on the dirt
jm
Run the race - the one that's really worth winning.