South Africa’s Cape Thoroughbred Sales (CTS) has announced plans to stage a $1 million sales race in 2016.
Open to graduates of the 2014 Cape Premier Yearling Sale and the 2014 CTS March Yearling Sale, the race will be the richest run in the country, a title currently held by the R3.5 million Vodacom Durban July.
Prize-money will be split between the first five home, with the winner receiving $500,000, and place money of $200,000, $150,000, $100,000 and $40,000 respectively. The vendor of the winner will also receive a $10,000 bonus.
Outlining details at the launch party for the 2014 Cape Premier Yearling Sale, CTS Chairman Chris van Niekerk explained that the race entry at the Cape Town sale would be R5,000 per horse for the buyer, with no cost to the vendor and for the 2014 CTS March Yearling Sale, the entry fee would be R5,000 per horse for the buyer and R5,000 for the vendor.
From 2015 onwards, the entry fees for both buyer and vendor at the Cape Premier Yearling Sale will be R15,000 per horse, while at the CTS March Yearling Sale the cost will be R10,000 per horse for both buyer and vendor.
The million-dollar race is scheduled to be run over 1400m at Kenilworth Racecourse in January 2016.