Earlier this year, Racing NSW announced that the city of Sydney would host Australian spring racing’s newest event. “The Everest” aims to showcase the very best of horse racing from around the world right here in our own back yard. The prestigious event was inspired by the recently run Pegasus World Cup (Florida, USA) with the aim of attracting a global audience to showcase the best Australian sprinters. Working in collaboration with the Australian Turf Club (ATC), Racing NSW hopes The Everest will rise to be the ‘peak’ event of the spring racing carnival.
With a total prize pool of $10 million dollars, The Everest has now become Australia’s richest horse race, surpassing the iconic Melbourne Cup which awards a measly $6.2 million in comparison. The Everest is also regarded as being ‘the richest turf race in the world’. Both the Dubai World Cup (Dubai, UAE) and Pegasus World Cup have larger prize pools of US$10 and US$12 million dollars respectively, though are run out on dirt.
Fittingly, not only will the first-place winner of The Everest be awarded with a prizemoney cheque to the value of $5.8 million, they will also hold claim to the most valuable trophy in world racing. Adding to this race’s prestige, the winner’s trophy is valued at a whopping $320,000.
The Everest will be run at Royal Randwick racecourse in Sydney over a distance of 1200m. The current track record over this distance is currently set at 1:08.06 run by Deploy, who interestingly enough, has secured himself a spot in the big race come October. With the best sprinters of Australia and arguably the world lining up this spring for The Everest, this record is certainly under threat.
Getting yourself one of the twelve available slots in the world’s richest turf race will set you back $600,000 a year. Currently, investors are required to lock in for a period of 3 years totalling a whopping $1.8 million fee to secure a starting position for a then unspecified horse. These ‘slots’ are able to be leased, split or sold giving owners the opportunity to align themselves with certain stables or particular horses and maximising their marketing potential. All twelve slots were sold in just 2 months, guaranteeing the $10 million prize pool.
This year, slot holders include race sponsor TAB, Sydney’s ‘The Star’ casino, Chinese investor Yu Long Investments and a myriad of stable owner/trainers.
Given the calibre of runners set to line up to compete in The Everest, you could be forgiven for believing it would be classified as a Group 1 race. This is not the case however as The Everest is not published in the schedule of races as set by The Australian Racing Board.
In its inaugural year, The Everest will be held on the 14th October, 2017. Looking into the future, NSW Racing and the ATC have stated that the prestigious event will take place on the second Saturday in October every year thereafter.
The twelve horses set to be running in this year’s The Everest are: Chautauqua, Houtzen, She Will Reign, Fell Swoop, Tulip, Redzel, Redkirk Warrior, English, Deploy, Brave Smash, Vega Magic and Clearly Innocent. For a full breakdown, see FindaBet’s The Everest form guide.