Everest Race: The world’s richest turf race ups prize money for 2018 | CNN

Everest Race: The world’s richest turf race ups prize money for 2018

2 minute read
Updated 6:54 AM EDT, Thu October 17, 2019
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Story highlights

Sydney-based horse race The Everest gets $2.3m prize hike

Announcement made on the day of Melbourne Cup

The Melbourne Cup was won by Rekindling

CNN  — 

On the same day as the historic Melbourne Cup, the world’s richest turf race pointedly announced it would be upping its prize money in 2018.

The Everest Race in Sydney will hike its purse close to $10 million (AUS$13 million), a $2.3 million increase following the inaugural running of the event last year and twice what was offered up by Tuesday’s Melbourne Cup.

The announcement was made via a full-page advert in national broadsheet newspaper The Australian, which also cheekily mentioned that the Melbourne Cup, known as the “race that stops a nation,” only offers a total prize purse of $4.7 million.

This year’s Everest winner Redzel, ridden by Kerrin McEvoy, pocketed close to $4.5 million.

“The world’s richest turf race is not in Melbourne today,” read the advert, “it’s in Sydney at Royal Randwick, Saturday 13 October 2018.”

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READ: Rekindling wins 2017 Melbourne Cup

READ: Gun Runner dominates Breeders’ Cup

The Everest’s prize pot is set to rise in 2019 and further again in 2020.

“Naturally we are in awe of the Melbourne Cup and its success,” said Peter V’landys, CEO of Racing NSW, in The Australian.

“Sydney, however, needs its own event.

“The Everest is that event. In its first year, it exceeded all expectations and the race has already established its own personality and charisma.”

Historic rivalry

The two cities have long shared a cultural and sporting rivalry.

While The Everest’s announcement came on the same day as the Melbourne equivalent, others were quick to defend the Melbourne Cup, a national institution that has been staged at Flemington racecourse since 1861 and attracts tens of thousands of spectators.

Flat racing in the UK and Ireland enjoyed another vintage season with stunning performances, inspiring stories and plenty of color. Click through the gallery for a flavor of 2017.
Flat racing in the UK and Ireland enjoyed another vintage season with stunning performances, inspiring stories and plenty of color. Click through the gallery for a flavor of 2017.
Alan Crowhurst/Getty Images
The first Classic of the season was the 2000 Guineas, won by Ryan Moore onboard Churchill, at Newmarket. The Group 1 race run over a mile is for three-year-old colts and fillies.
The first Classic of the season was the 2000 Guineas, won by Ryan Moore onboard Churchill, at Newmarket. The Group 1 race run over a mile is for three-year-old colts and fillies.
Alan Crowhurst/Getty Images
The following day at Newmarket, Wayne Lordon rode Winter to victory in the 1000 Guineas, a Group 1 race over a mile for three-year-old fillies.
The following day at Newmarket, Wayne Lordon rode Winter to victory in the 1000 Guineas, a Group 1 race over a mile for three-year-old fillies.
Alan Crowhurst/Getty Images
At Epsom in June, veteran jockey Frankie Dettori onboard Enable stormed home in the Oaks, the third Classic of the year. The race for three-year-old fillies is run over 1 mile, 4 furlongs and comes the day before the Derby.
At Epsom in June, veteran jockey Frankie Dettori onboard Enable stormed home in the Oaks, the third Classic of the year. The race for three-year-old fillies is run over 1 mile, 4 furlongs and comes the day before the Derby.
Warren Little/Getty Images
Derby Day at Epsom is a huge occasion in the sporting and cultural calendar, attracting racegoers from all walks of life.
Derby Day at Epsom is a huge occasion in the sporting and cultural calendar, attracting racegoers from all walks of life.
Alan Crowhurst/Getty Images
Irish jockey Padraig Beggy rode trainer Aidan O'Brien's huge outsider Wings Of Eagles (left) to victory in the Derby, finishing ahead of Cliffs Of Moher (center).
Irish jockey Padraig Beggy rode trainer Aidan O'Brien's huge outsider Wings Of Eagles (left) to victory in the Derby, finishing ahead of Cliffs Of Moher (center).
Alan Crowhurst/Getty Images
It was redemption of sorts for Beggy, who had been banned for a year in Australia in 2014 for a positive urine sample that showed traces of cocaine, and for subsequently giving false evidence.
It was redemption of sorts for Beggy, who had been banned for a year in Australia in 2014 for a positive urine sample that showed traces of cocaine, and for subsequently giving false evidence.
Warren Little/Getty Images
With Royal Ascot approaching, horses return though the woods after working on the Warren Hill gallops at Newmarket.
With Royal Ascot approaching, horses return though the woods after working on the Warren Hill gallops at Newmarket.
Alan Crowhurst/Getty Images
Queen Elizabeth II and Prince Philip, Duke of Edinburgh, opened Royal Ascot 2017 with the traditional procession up the course.
Queen Elizabeth II and Prince Philip, Duke of Edinburgh, opened Royal Ascot 2017 with the traditional procession up the course.
Charlie Crowhurst/Getty Images for Ascot Racecours
On day two The Queen delivered her traditional speech at the State Opening of Parliament before making a quick change into a vivid yellow dress to attend Royal Ascot, without the Duke of Edinburgh who had been admitted to hospital with an infection.
On day two The Queen delivered her traditional speech at the State Opening of Parliament before making a quick change into a vivid yellow dress to attend Royal Ascot, without the Duke of Edinburgh who had been admitted to hospital with an infection.
Bryn Lennon/Getty Images
Jockey Ryan Moore rode Highland Reel to victory in the feature race of the day, the Prince of Wales's Stakes.
Jockey Ryan Moore rode Highland Reel to victory in the feature race of the day, the Prince of Wales's Stakes.
Charlie Crowhurst/Getty Images for Ascot Racecours
Ladies Day at Royal Ascot brought a stunning mix of color and high fashion to the Berkshire racecourse, west of London.
Ladies Day at Royal Ascot brought a stunning mix of color and high fashion to the Berkshire racecourse, west of London.
Mike Hewitt/Getty Images
Horse racing has been held at the famous course since 1711 and tradition is a hallmark of the meeting. Top hats and tails remain compulsory in parts of the course, while there are strict rules governing headwear.
Horse racing has been held at the famous course since 1711 and tradition is a hallmark of the meeting. Top hats and tails remain compulsory in parts of the course, while there are strict rules governing headwear.
DANIEL LEAL-OLIVAS/Getty Images
Big Orange, ridden by James Doyle, won the Gold Cup, the feature race on Ladies' Day at Royal Ascot.
Big Orange, ridden by James Doyle, won the Gold Cup, the feature race on Ladies' Day at Royal Ascot.
Alan Crowhurst/Getty Images Europe/Getty Images for Ascot Racecours
The Queen is a huge horse racing enthusiast and has her own runners in the famous royal silks.
The Queen is a huge horse racing enthusiast and has her own runners in the famous royal silks.
Alan Crowhurst/Getty Images for Ascot Racecourse
Royal Ascot is another celebration of the British sporting summer. Even the bookies get involved.
Royal Ascot is another celebration of the British sporting summer. Even the bookies get involved.
Alan Crowhurst/Getty Images for Ascot Racecours
Sandown Park in Esher, Surrey is the venue in early July for the prestigious Group 1 Eclipse Stakes, won by Ulysses for Sir Michael Stoute.
Sandown Park in Esher, Surrey is the venue in early July for the prestigious Group 1 Eclipse Stakes, won by Ulysses for Sir Michael Stoute.
Alan Crowhurst/Getty Images
Ascot features again in late July when the feature race of the meeting is the King George VI and Queen Elizabeth Stakes.
Ascot features again in late July when the feature race of the meeting is the King George VI and Queen Elizabeth Stakes.
Alan Crowhurst/Getty Images
John Gosden's star filly Enable followed up wins in the English and Irish Oaks with a dominant King George victory under Frankie Dettori, who said he lost seven pounds in six days to make the weight. Ulysses was a distant second.
John Gosden's star filly Enable followed up wins in the English and Irish Oaks with a dominant King George victory under Frankie Dettori, who said he lost seven pounds in six days to make the weight. Ulysses was a distant second.
Alan Crowhurst/Getty Images
All eyes are on Glorious Goodwood in the first week of August. The spectacular course perched high on the South Downs outside Chichester on England's south coast is another iconic venue.
All eyes are on Glorious Goodwood in the first week of August. The spectacular course perched high on the South Downs outside Chichester on England's south coast is another iconic venue.
Alan Crowhurst/Getty Images
The betting market is as strong as ever at Goodwood.
The betting market is as strong as ever at Goodwood.
Alan Crowhurst/Getty Images
Frankie Dettori rode Lancelot Du Lac (left) to victory in the esteemed Stewards Cup on a stormy day five of the Qatar Goodwood Festival.
Frankie Dettori rode Lancelot Du Lac (left) to victory in the esteemed Stewards Cup on a stormy day five of the Qatar Goodwood Festival.
Alan Crowhurst/Getty Images
In early September, Laytown in County Meath, Ireland, hosts a unique meeting on the beach.
In early September, Laytown in County Meath, Ireland, hosts a unique meeting on the beach.
Alan Crowhurst/Getty Images
Laytown is unique in the Irish racing calendar as the only event run on a beach under the Rules of Racing.
Laytown is unique in the Irish racing calendar as the only event run on a beach under the Rules of Racing.
Alan Crowhurst/Getty Images
The Leopardstown track, south of Dublin, hosted the prestigious Irish Champion Stakes in September, won by Decorated Knight for trainer Roger Charlton.
The Leopardstown track, south of Dublin, hosted the prestigious Irish Champion Stakes in September, won by Decorated Knight for trainer Roger Charlton.
Alan Crowhurst/Getty Images
Ryan Moore rode Capri (centre, in purple) to victory in the final British Classic of the year, the St Leger at Doncaster.
Ryan Moore rode Capri (centre, in purple) to victory in the final British Classic of the year, the St Leger at Doncaster.
Alan Crowhurst/Getty Images
In the Queen Elizabeth II Stakes at Ascot in October, Dettori rode four-year-old filly Persuasive to her first win of the season.
In the Queen Elizabeth II Stakes at Ascot in October, Dettori rode four-year-old filly Persuasive to her first win of the season.
Alan Crowhurst/Getty Images Europe/Getty Images
Later that day, Dettori also rode a winner in the Champions Stakes, guiding the favorite Cracksman home with ease.
Later that day, Dettori also rode a winner in the Champions Stakes, guiding the favorite Cracksman home with ease.
Alan Crowhurst/Getty Images Europe/Getty Images
It was Robert Winston aboard Librisa Breeze that triumphed in the the QIPCO British Champions Sprint Stakes, also held at Ascot in October.
It was Robert Winston aboard Librisa Breeze that triumphed in the the QIPCO British Champions Sprint Stakes, also held at Ascot in October.
Charlie Crowhurst/Getty Images Europe/Getty Images
The prestigious English venue also played host to former footballer Michael Owen as he made his jockey debut in a <a href="index.php?page=&url=http%3A%2F%2Fedition.cnn.com%2F2017%2F11%2F24%2Fsport%2Fmichael-owen-to-make-horse-racing-debut%2Findex.html">November charity race</a>, placing second. <a href="index.php?page=&url=http%3A%2F%2Fedition.cnn.com%2Fsport%2Fhorse-racing">Visit CNN.com/sport/horse-racing for more news and features</a>.
The prestigious English venue also played host to former footballer Michael Owen as he made his jockey debut in a November charity race, placing second. Visit CNN.com/sport/horse-racing for more news and features.
Alan Crowhurst/Getty Images
Best photos from horse racing's Flat season in Great Britain and Ireland

“Melbourne Cup’s appeal is the history and the culture of the great race. Everest is a shabby, undignified attempt which will never match it,” said 7 News Melbourne reporter Nick McCallum.

Bookmaker Stevie Patrick, meanwhile, tweeted that “you can’t buy tradition.”

Visit cnn.com/winningpost for more news and videos

This year’s Melbourne Cup was won by Rekindling, the youngest horse to take home the cup since 1941.