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1/28 (GP): $12MM Pegasus World Cup
http://www.bloodhorse.com/horse-raci...asus-world-cup
The Stronach Group announced May 11 the inaugural running of the $12 million Pegasus World Cup will be held Jan. 28 at Gulfstream Park. With a purse that would make it the world's richest Thoroughbred race, the Pegasus World Cup will be contested at 1 1/8 miles on dirt and was created to attract the world's biggest stars in racing. The race will be restricted to to 12 entries, whose connections will be required to pay $1 million each to buy a spot in the Pegasus World Cup starting gate. The entrant's owner can then race, lease, contract or share a starter or sell their place in the starting gate. Original entrants will also have the first option to participate in future Pegasus World Cup races. All entrants will not only be competing for the world's largest purse but they will also share equally in 100% of the net income from handle, media rights, and sponsorships from the Pegasus World Cup, according to the Stronach Group announcement. "The Pegasus World Cup will be conducted to the highest standards," said Frank Stronach, founder and honorary chairman of The Stronach Group, "and will held on Saturday, January 28th, thereby avoiding a conflict with either the Breeders' Cup or the Dubai World Cup." The Stronach Group also announce that Jack Wolf, founder of Starlight Racing, has been retained as the CEO of the Pegasus World Cup to assist with the marketing and coordination of the race. Jack Wolf is the co-managing partner of Starlight Racing. Tom Ludt, who is a board member of the Breeders Cup, will also be assisting with the marketing and coordination of the Pegasus World Cup. |
I can't get over the fact that it's not 1 1/4 miles.
Is the $12 million guaranteed? |
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Weird hypothetical and likely dumb question...
You're basically buying a spot in the starters gate am I reading that right? So if you're NYRA or Woodbine, etc...can you buy a spot then run an race where the winner gets the spot in the race? Plus as the owner of the spot you get to share in the revenue,. etc all the other perks they're pushing? |
It's a crazy idea that might actually work. I like it.
Note that all owners would be sharing in the handle (could be strong- I figure $8-10 million so $2 million-ish in revenue), media rights (probably not much), and sponsorship (mid-6 figures) so the gamble drops to maybe $600k to win $7 million. |
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The issue could lend itself into less 3 year olds retiring if healthy. With 2 6 million dollar pay days lurking over 90 days its going to be hard to retire many 3 year olds UNLESS they have exceptional pages, records, and demand |
How would youfeel putting up $1 mil and getting an outside post at GP at 1 1/8 ??? outside the 6 post is greatly disadvantaged there.
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You saw the beginnings of this trend with Chrome. Let's face it the single biggest reason colts headed to breeding was racing them was not economically feasible. The classic is going to become a gelding/not as desirable stallion prospect race IF this is successful |
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I find the idea interesting. I wonder how it is going to turn out. That million dollar entry fee......yikes |
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This is fascinating. So let's say an entity has a share (Zayats, Godolphin, whoever) and they don't have a horse that would be competitive. They could make a deal and "hire" a horse for the race, right? This makes so much sense. I love it.
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I think its stupid.They should just raffle off a chance to blow up the keggasis statue in the front for a million a pop.:zz:
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some random thoughts...
12 horse match race? Let me hold your money! Over/under? 6.5 horses Zero threat to win-and-you-are-in Breeders Cup races or Dubai events. P. T. Barnum lives again! |
I just heard Trump said he's in and will win easily.
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