 |
|
| Sumita Pawar |
 |
On Sunday, The Everest, Sydney's premier racing event, increased its prize money to A$20 million, making it the second-richest horse race in the world after the Saudi Cup. Additionally, the Royal Randwick event in October will feature a new A$5 million King Charles III Stakes, which was approved by the British monarch.
"The King Charles III Stakes creates a new level of excitement for the Sydney Everest Carnival with a feature open age mile (1,600m) race boosting an already mouth-watering Everest Day meeting," Racing NSW chairman Russell Balding said in a statement.
King Charles III Stakes: Fit For Royalty
"At A$20 million of prize money, The Everest is now the second richest race in the world and the richest race on turf."
The second-richest horse race in the world after the Saudi Cup is now The Everest, Sydney's premier racing event, with prize money of A$20 million. Previously, the race had a purse of A$15 million and has now surpassed the Pegasus World Cup in the United States.
The new A$5 million King Charles III Stakes, approved by the British monarch, will feature in the Royal Randwick event in October. Racing NSW chairman Russell Balding believes that this new feature open age mile race will add excitement to the Sydney Everest Carnival.
According to Racing NSW chief executive Peter V'landys, King Charles III personally endorsed having the new Group One race named after him.
"The King was very chuffed that we have named a feature race after him on Everest Day," he said, after meeting the monarch at Royal Ascot last week.
"I'm very confident after talking to him that he will come to the race in the next few years."