The Pegasus World Cup will be run for $US16 million (Dh58.7m) next year after organisers cemented the invitational stakes race as the world’s most valuable.
The inaugural running of the race, which replaced the Grade One Donn Handicap at Gulfstream Park in January, was staged for a record purse of $12m.
The level of prize-money was achieved by owners paying $1m to enter a horse in the race, but the increased funds will be achieved next year by an additional $4m being paid in by the Stronach Group that set up the 12-horse contest.
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■ Read more: Sheikh Mohammed vows to make Dubai World Cup world's most valuable race once more
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“The 2017 Pegasus World Cup Invitational surpassed our expectations and we believe took the sport of Thoroughbred racing to an exciting new level,” Belinda Stronach, chairman and president of the Stronach Group, said in a statement.
“Our company is committed to building on the momentum that was inspired by our founder and honorary chairman, Frank Stronach. In 2018, we will bring an even bigger, more modern and unforgettable entertainment experience to a global audience.”
The Pegasus World Cup was won by Arrogate, who won the Dubai World Cup last month.
The World Cup was run for $10m, but after Arrogate’s success Sheikh Mohammed bin Rashid, Vice President of the UAE and ruler of Dubai, stated that it was his intention to “definitely” make the Meydan event the most valuable race in the world once again.
Sheikh Mohammed added last Saturday: “I always want to be one step ahead. I am always optimistic. We want to be No 1 and I am meeting with my people to be No 1.”
Arrogate’s victories in both races, in addition to his power-packed display to beat California Chrome in the Breeders’ Cup in November, has resulted in the four-year-old now being the highest-earner of all-time at today’s currency exchange values.
Arrogate has amassed $17m in his eight career starts.
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SPECS
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
COMPANY%20PROFILE%20
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Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
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Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
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The%20specs
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Transmission: Single-speed automatic
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RESULTS
6.30pm: Handicap (rated 100 ) US$175,000 1,200m
Winner: Baccarat, William Buick (jockey), Charlie Appleby (trainer)
7.05pm: Handicap (78-94) $60,000 1,800m
Winner: Baroot, Christophe Soumillon, Mike de Kock
7.40pm: Firebreak Stakes Group 3 $200,000 1,600m
Winner: Heavy Metal, Mickael Barzalona, Salem bin Ghadayer
8.15pm: Handicap (95-108) $125,000 1,200m
Winner: Yalta, Mickael Barzalona, Salem bin Ghadayer
8.50pm: Balanchine Group 2 $200,000 1,800m
Winner: Promising Run, Pat Cosgrave, Saeed bin Suroor
9.25pm: Handicap (95-105) $125,000 1,800m
Winner: Blair House, James Doyle, Charlie Appleby
10pm: Handicap (95-105) $125,000 1,400m
Winner: Oh This Is Us, Tom Marquand, Richard Hannon
RESULT
Argentina 0 Croatia 3
Croatia: Rebic (53'), Modric (80'), Rakitic (90' 1)
Company%20Profile
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Company%20Profile
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The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
