Sydney will host the world’s richest sprint race on turf with the first $10 million The Everest set to be held during the spring carnival.
The Everest will be run at Royal Randwick racecourse over 1200 metres for the first time on 14th October 2017 and thereafter on the second Saturday of October each year.
The Everest will be unique in Australian racing in that the race will be open to local and international buyers to purchase a spot in the race at a price of $600,000. Racing NSW will contribute $2.8 million into the pool which will come from additional revenues such as TV rights on the race.
The 1200m event will become Australia’s richest race surpassing the $6.5million dollar Melbourne Cup as well as the richest turf race in the world.
The massive prize purse is set to lure the worlds best sprinters and is timed specifically before the Hong Kong International sprints in December.
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Prizemoney distribution
1st – $5,800,000
2nd – $1,425,000
3rd – $800,000
4th – $400,000
5th – $250,00
6th-12th – $175,000
Equine Welfare Fund $100,000