Prince Bandar bin Khalid Al-Faisal, chairman of the Jockey Club of Saudi Arabia, at a launch event in Saratoga, New York, announced that Saudi Arabia will host the world’s richest horse race in Riyadh at the King Abdulaziz Racetrack next year, with a prize of $20 million.
The Saudi Cup, which will be run over nine furlongs (1800 metres) on dirt on Feb. 29, will have a maximum 14 runners, with the winner set to land $10 million.
The prize money at the Saudi Cup will eclipse the $16 million purse at the Pegasus World Cup Invitational in Florida last year.
In terms of turf races, the richest is in Australia (the Everest) and is worth $9.8 million. In Japan, the mark is $6 million for the Japan Cup.
Europe’s most lucrative event, the Prix de l’Arc de Triomphe, has a prize fund of $5.6 million.
Via Arab News / Reuters
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