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THE EVEREST

Racing NSW and The Australian Turf Club (ATC) announced a $10 million sprint race will be held at Royal Randwick in October.

Named ‘The Everest’ and held over 1200m, the race will not only replace the Melbourne Cup as the richest race in Australia, but it will become the richest turf race anywhere in the world.

The inaugural running of The Everest will take place at Royal Randwick on October 14, 2017 and thereafter on the second Saturday of October each year.

The race will be run under weight-for-age conditions and will be open to local and international buyers to purchase a place (slot) in the race for $600,000.

With a concept that resembles the recently run Pegasus World Cup ($12 million) on dirt, twelve or more slots will be available for purchase which will entitle the owner of the slot an entry in the field. 

The owners of these slots will be able to trade their position or alternatively partner with owners not holding a slot to enter a horse in the final field for the race.

The prizemoney pool is to be fully-funded from subscribers and additional revenues generated from the event.

Traditionally, the Spring Champion Stakes (2000m) is the final Group 1 race of the Sydney Spring Racing Carnival before the focus switches to Melbourne, but with The Everest programmed for the October 14, the historic meeting will coincide with Caulfield Guineas Day.

RANDWICK RACECOURSE TRACK DESCRIPTION

Randwick is the largest racetrack in New South Wales and all races are run in a clockwise direction. It is a sweeping track with a rise from the 300m mark to the winning post in the home straight.

As well as the main track, Randwick Racecourse contains a second track known as Kensington. Due to large rainfall in the area, Kensington has been reconstructed using the Strathayr racing surface which is similar to Moonee Valley.

Strathayr is a turf cover over a base of sand, this means it is a free draining track which can take a substantial amount of rain without affecting the rating.

RANDWICK RACECOURSE HISTORY

Originally known as the ‘Sandy Course,’ Randwick Racecourse was first used in 1833 where a private match race between two horses was held. 

In 1840 the track was abandoned as a racecourse and used for training purposes before the Australian Jockey Club (AJC) moved its headquarters to Randwick and held a meeting in 1860. 

The Queen Elizabeth II stand was opened to the public on August 4, 1969, and in 1992, Queen Elizabeth II visited Randwick and opened the new $30 million Paddock Grandstand. 

The Australian Derby (2400m) remains one of the longest standing races to be held at Randwick after its inaugural running took place in 1861.

Randwick hosts some of Australia's most iconic Group 1 races throughout the year, during both the spring and autumn carnivals in Sydney.

The Queen Elizabeth Stakes, Doncaster Mile and TJ Smith Stakes are some of the elite races taking place at Randwick during the prestigious The Championships during the autumn.

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