TDN International Editor, Kelsey Riley caught up with Racing NSW Chief Executive, Peter V'landys, on Thursday to delve deeper into The Everest.
Royal Randwick Racecourse in Sydney, Australia will host the world’s richest 1200m race and richest turf race on October 14 with the inaugural running of the $10 million The Everest. An initiative of Racing NSW and the Australian Turf Club, The Everest – which will be a weight-for-age race for three-year-olds and up – will also be the richest race in Australia, dwarfing the $6.2 million Gr 1 Melbourne Cup.
The Everest follows in the mould of The Stronach Group’s Gr I Pegasus World Cup, in that the 12 starting spots are available to purchase for $600,000. The purse will be fully funded by the entry fee as well as additional revenues generated from the event such as wagering, sponsor and broadcast revenues as well as other raceday revenues, and all profits will be distributed among the slot holders.
To read the full article click here - TDN Q&A with Peter V'landys AM