Derby Trail Forums

Go Back   Derby Trail Forums > The Charles Hatton Reading Room
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Display Modes
  #1  
Old 05-11-2016, 04:09 PM
Kasept's Avatar
Kasept Kasept is offline
Steve Byk
 
Join Date: May 2006
Location: Greenwich, NY
Posts: 42,548
Default 1/28 (GP): $12MM Pegasus World Cup

http://www.bloodhorse.com/horse-raci...asus-world-cup

The Stronach Group announced May 11 the inaugural running of the $12 million Pegasus World Cup will be held Jan. 28 at Gulfstream Park.

With a purse that would make it the world's richest Thoroughbred race, the Pegasus World Cup will be contested at 1 1/8 miles on dirt and was created to attract the world's biggest stars in racing.

The race will be restricted to to 12 entries, whose connections will be required to pay $1 million each to buy a spot in the Pegasus World Cup starting gate.

The entrant's owner can then race, lease, contract or share a starter or sell their place in the starting gate. Original entrants will also have the first option to participate in future Pegasus World Cup races. All entrants will not only be competing for the world's largest purse but they will also share equally in 100% of the net income from handle, media rights, and sponsorships from the Pegasus World Cup, according to the Stronach Group announcement.

"The Pegasus World Cup will be conducted to the highest standards," said Frank Stronach, founder and honorary chairman of The Stronach Group, "and will held on Saturday, January 28th, thereby avoiding a conflict with either the Breeders' Cup or the Dubai World Cup."

The Stronach Group also announce that Jack Wolf, founder of Starlight Racing, has been retained as the CEO of the Pegasus World Cup to assist with the marketing and coordination of the race. Jack Wolf is the co-managing partner of Starlight Racing.

Tom Ludt, who is a board member of the Breeders Cup, will also be assisting with the marketing and coordination of the Pegasus World Cup.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
Reply With Quote
  #2  
Old 05-11-2016, 04:20 PM
Pants II's Avatar
Pants II Pants II is offline
Arlington Park
 
Join Date: Mar 2014
Posts: 4,458
Default

I can't get over the fact that it's not 1 1/4 miles.

Is the $12 million guaranteed?
__________________
RIP identity politics 1965-2016
Reply With Quote
  #3  
Old 05-11-2016, 04:53 PM
RHT2004 RHT2004 is offline
Atlantic City Race Course
 
Join Date: Apr 2015
Posts: 4,829
Default

Quote:
Originally Posted by Pants II View Post
I can't get over the fact that it's not 1 1/4 miles.

Is the $12 million guaranteed?
Agree. 10f separates the men from the boys.
Reply With Quote
  #4  
Old 05-11-2016, 06:03 PM
_ed_'s Avatar
_ed_ _ed_ is offline
Santa Anita
 
Join Date: Sep 2006
Location: Auckland, NZ
Posts: 3,006
Default

Quote:
Originally Posted by Kasept View Post
The race will be restricted to to 12 entries, whose connections will be required to pay $1 million each to buy a spot in the Pegasus World Cup starting gate.
Will there be 12 sets of connections who are willing to do that?
Reply With Quote
  #5  
Old 05-11-2016, 06:35 PM
Kasept's Avatar
Kasept Kasept is offline
Steve Byk
 
Join Date: May 2006
Location: Greenwich, NY
Posts: 42,548
Default

Quote:
Originally Posted by Pants II View Post
I can't get over the fact that it's not 1 1/4 miles.

Is the $12 million guaranteed?
Tough to know who's prepared to go 10f in January.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
Reply With Quote
  #6  
Old 05-11-2016, 06:36 PM
Kasept's Avatar
Kasept Kasept is offline
Steve Byk
 
Join Date: May 2006
Location: Greenwich, NY
Posts: 42,548
Default

Quote:
Originally Posted by _ed_ View Post
Will there be 12 sets of connections who are willing to do that?
Apparently. They were recruited over the last few months. Jack Wolf on ATR tomorrow to elaborate.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
Reply With Quote
  #7  
Old 05-11-2016, 07:06 PM
XIIPointStables XIIPointStables is offline
Washington Park
 
Join Date: Mar 2007
Posts: 858
Default

Weird hypothetical and likely dumb question...

You're basically buying a spot in the starters gate am I reading that right?

So if you're NYRA or Woodbine, etc...can you buy a spot then run an race where the winner gets the spot in the race?

Plus as the owner of the spot you get to share in the revenue,. etc all the other perks they're pushing?
Reply With Quote
  #8  
Old 05-11-2016, 11:31 PM
philcski's Avatar
philcski philcski is offline
Goodwood
 
Join Date: Jun 2006
Location: Mission Viejo, CA
Posts: 8,872
Default

It's a crazy idea that might actually work. I like it.

Note that all owners would be sharing in the handle (could be strong- I figure $8-10 million so $2 million-ish in revenue), media rights (probably not much), and sponsorship (mid-6 figures) so the gamble drops to maybe $600k to win $7 million.
__________________
please use generalizations and non-truths when arguing your side, thank you
Reply With Quote
  #9  
Old 05-12-2016, 07:05 AM
freddymo freddymo is offline
Belmont Park
 
Join Date: Sep 2007
Posts: 7,083
Default

Quote:
Originally Posted by philcski View Post
It's a crazy idea that might actually work. I like it.

Note that all owners would be sharing in the handle (could be strong- I figure $8-10 million so $2 million-ish in revenue), media rights (probably not much), and sponsorship (mid-6 figures) so the gamble drops to maybe $600k to win $7 million.
I think its brilliant and will crush the BC Classic which I can live with. Assuming many colts will come of the track and head to breeding season. There is a real reason not to retire colts and the impact on Classic seems imminent
Reply With Quote
  #10  
Old 05-12-2016, 07:10 AM
Kasept's Avatar
Kasept Kasept is offline
Steve Byk
 
Join Date: May 2006
Location: Greenwich, NY
Posts: 42,548
Default

Quote:
Originally Posted by freddymo View Post
I think its brilliant and will crush the BC Classic which I can live with. Assuming many colts will come of the track and head to breeding season. There is a real reason not to retire colts and the impact on Classic seems imminent
Why does this at the end of January 'crush' the BC Classic, run 90 days earlier?
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
Reply With Quote
  #11  
Old 05-12-2016, 07:32 AM
freddymo freddymo is offline
Belmont Park
 
Join Date: Sep 2007
Posts: 7,083
Default

Quote:
Originally Posted by Kasept View Post
Tough to know who's prepared to go 10f in January.
More importantly will Breeder differ standing a new stallion for 2/3 weeks for 1 season to participate. Example will a AP or Nyquist stay in training to compete, surely trainers will adjust training schedules etc. to have a shot at a 600k pay day.

The issue could lend itself into less 3 year olds retiring if healthy. With 2 6 million dollar pay days lurking over 90 days its going to be hard to retire many 3 year olds UNLESS they have exceptional pages, records, and demand
Reply With Quote
  #12  
Old 05-12-2016, 07:34 AM
Benny's Avatar
Benny Benny is offline
Havre de Grace
 
Join Date: Feb 2013
Posts: 5,834
Default

How would youfeel putting up $1 mil and getting an outside post at GP at 1 1/8 ??? outside the 6 post is greatly disadvantaged there.
__________________
The virtue of a man ought to be measured, not by his extraordinary exertions, but by his everyday conduct.

Blaise Pascal
Reply With Quote
  #13  
Old 05-12-2016, 07:48 AM
freddymo freddymo is offline
Belmont Park
 
Join Date: Sep 2007
Posts: 7,083
Default

Quote:
Originally Posted by Kasept View Post
Why does this at the end of January 'crush' the BC Classic, run 90 days earlier?
Because you have a much more lucrative alternative in Jan.

You saw the beginnings of this trend with Chrome. Let's face it the single biggest reason colts headed to breeding was racing them was not economically feasible.

The classic is going to become a gelding/not as desirable stallion prospect race IF this is successful
Reply With Quote
  #14  
Old 05-12-2016, 08:00 AM
Danzig's Avatar
Danzig Danzig is offline
Dee Tee Stables
 
Join Date: May 2006
Location: The Natural State
Posts: 29,931
Default

Quote:
Originally Posted by freddymo View Post
Because you have a much more lucrative alternative in Jan.

You saw the beginnings of this trend with Chrome. Let's face it the single biggest reason colts headed to breeding was racing them was not economically feasible.

The classic is going to become a gelding/not as desirable stallion prospect race IF this is successful
I dont aee why one oveerules the other because of the spacing. No reason to skip the bc when this is almost 90 days after.
I find the idea interesting. I wonder how it is going to turn out. That million dollar entry fee......yikes
__________________
Books serve to show a man that those original thoughts of his aren't very new at all.
Abraham Lincoln
Reply With Quote
  #15  
Old 05-12-2016, 08:52 AM
Kasept's Avatar
Kasept Kasept is offline
Steve Byk
 
Join Date: May 2006
Location: Greenwich, NY
Posts: 42,548
Default

Quote:
Originally Posted by freddymo View Post
Because you have a much more lucrative alternative in Jan.

You saw the beginnings of this trend with Chrome. Let's face it the single biggest reason colts headed to breeding was racing them was not economically feasible.

The classic is going to become a gelding/not as desirable stallion prospect race IF this is successful
Think the GP Cup will be a marketing vehicle as much as a payday opportunity. It won't detract from the season-ending goal of the Classic.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
Reply With Quote
  #16  
Old 05-13-2016, 08:25 AM
Holybull1 Holybull1 is offline
Morris Park
 
Join Date: Nov 2014
Posts: 124
Default

This is fascinating. So let's say an entity has a share (Zayats, Godolphin, whoever) and they don't have a horse that would be competitive. They could make a deal and "hire" a horse for the race, right? This makes so much sense. I love it.
Reply With Quote
  #17  
Old 05-13-2016, 10:46 AM
GenuineRisk's Avatar
GenuineRisk GenuineRisk is offline
Atlantic City Race Course
 
Join Date: May 2006
Posts: 4,986
Default

Quote:
Originally Posted by Holybull1 View Post
This is fascinating. So let's say an entity has a share (Zayats, Godolphin, whoever) and they don't have a horse that would be competitive. They could make a deal and "hire" a horse for the race, right? This makes so much sense. I love it.
I agree; I think it sounds like fun. And I guess there's no saying someone who owns the $1 million slot couldn't sell it for more (and, arguably, a portion or the entire share in the wagering, marketing profits, etc.). It sounds like a huge moneymaker for the original investors since they will also share in net profits (which, I assume, will not be like the film industry's "net profits" which are usually zero, thanks to creative accounting!).
__________________
Gentlemen! We're burning daylight! Riders up! -Bill Murray
Reply With Quote
  #18  
Old 05-14-2016, 12:00 PM
hoovesupsideyourhead's Avatar
hoovesupsideyourhead hoovesupsideyourhead is offline
"The Kentucky Killing Machine"
 
Join Date: May 2006
Location: florida
Posts: 16,277
Default

I think its stupid.They should just raffle off a chance to blow up the keggasis statue in the front for a million a pop.
Reply With Quote
  #19  
Old 05-14-2016, 12:41 PM
dylbert dylbert is offline
Gulfstream Park
 
Join Date: Mar 2007
Location: Louisiana
Posts: 1,207
Default

some random thoughts...

12 horse match race? Let me hold your money!

Over/under? 6.5 horses

Zero threat to win-and-you-are-in Breeders Cup races or Dubai events.

P. T. Barnum lives again!
__________________
@wire2wirewin
Turf Economist since 1974
Reply With Quote
  #20  
Old 05-14-2016, 01:13 PM
TheSpyder's Avatar
TheSpyder TheSpyder is offline
Del Mar
 
Join Date: Jun 2006
Location: Nothing could be finer
Posts: 5,113
Default

I just heard Trump said he's in and will win easily.
__________________
Don't sweat the petty things and don't pet the sweaty things.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 04:20 PM.


Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.