THE race is a dash over six furlongs that includes the equine equivalents of Usain Bolt.
Between them, the sector has received 22 Group 1 races and virtually £18 million in prizemoney. Overseas intrigue is added by the US-bred, Irish-trained U S Navy Flag.
Owned by international breeding giants Coolmore and educated by the world’s greatest coach in Aidan O’Brien, U S Navy Flag would be the first internationally educated horse to run in The Everest.
WHAT IS THE EVEREST?
The Everest is the world’s richest race on turf: 12 horses, six furlongs, with simply over £7 million up for grabs and it is going to be run and received in a bit over a minute.
The gap was chosen as a result of that is Sydney’s race and Sydney excels at producing world-class sprinters.
There are many big-money staying races world wide — together with the Melbourne Cup — however till The Everest, there was nothing of this scale on provide for velocity retailers racing on the turf floor.
WHEN IS THE EVEREST?
The Everest takes place at 6.15am on Saturday, October 13, at Royal Randwick racecourse.
WHERE IS THE EVEREST?
The sphere jumps from stalls situated in a chute off the course correct, joins the principle monitor on the 1000-metre mark and turns for house with 400 metres left to run.
The ultimate 300 metres of the race are up the well-known stand up the Randwick house straight — to the cheers of the group.
The Everest is run underneath the weight-for-age (WFA) scale. Weight-for-age ranges the sector on the idea of intercourse and age — the older you’re, the extra weight you carry.
This performs into the fingers of high quality youthful horses, but in addition caps the quantity of weight impost to be carried by horses of every age group, in impact rewarding potential versus looking for equality.
HOW CAN I WATCH THE RACE?
The race might be proven dwell on At The Races.
HOW DOES IT ALL HAPPEN?
The place The Everest turns the standard racing system on its head is on the subject of compiling the sector.
As an alternative of a race membership placing up a load of prize cash and choosing which horses can compete for it, The Everest outsources the choice course of, counting on market forces.
It’s modelled off the Pegasus World Cup raced on the filth floor in Florida on the finish of January.
When The Everest was launched final 12 months, Racing NSW and the Australian Turf Membership sought 12 buyers and requested every to stump up almost £1 million.
For his or her cash, every shareholder took possession of considered one of a dozen entry slots into the race for a three-year span — so in impact a £325,000 funding every year by the slot holder for 3 years.
Inside two months of going to market, all slots have been offered, with consumers throughout the spectrum of the racing trade.
One slot went to the world’s largest breeding operation (Coolmore), one other to Australia’s largest bloodstock auctioneer (Inglis), the TAB took one slot and record-breaking Sydney coach Chris Waller snapped up one other.
In case you are fortunate sufficient to personal a slot and personal a horse you assume has an opportunity, as Coolmore do in 2018 with US Navy Flag, then that’s your runner sorted.
Failing that, slot house owners enter negotiations with the connections of doubtless runners.
Some could promote their slot for a set price, some could comply with a prizemoney cut up, some could pay a contract price to “personal” a runner at some point of the race.
The deal performed will depend upon the calibre of the horse a slot proprietor is chasing.
A slot proprietor wanting a celebrity to race on their behalf should provide a significantly higher cut up of the prizemoney on provide to the horse’s proprietor than they must pay so as to lure a lesser horse – even perhaps guaranteeing a minimal fee, which is an enormous gamble.
Fortunate, then, that there’s loads of prizemoney on provide, with this 12 months’s £7 million on provide.
In 2018, the winner of The Everest collects round £three.2 million, with the second placegetter incomes £1.1 million and third getting £650,000.
No one leaves empty-handed, with even those that end seventh to 12th incomes £160,000 for his or her connections.
That’s £160,000 for ending final — good incomes in anyone’s language.