An opportunity to be a player in the world’s richest turf race has arisen with GPI Racing selling its slot in the 2019 edition of the The Everest.
Inglis will manage the process, which will involve interested parties submitting bids through an expression of interest process over the next nine weeks. The successful bidder will be determined by the vendor, on the basis of what is the highest offer at that time.
The successful bidder will act as Slot Licensee, as referred to in the conditions of the race, from the date of completion of sale through to the date of payment of prize money for the race.
Expressions of interest open on Tuesday and close at 5pm on Tuesday, April 30.
GPI Racing will sell their slot in the 2019 edition of the The Everest.
All expressions of interest are to be made in writing to Inglis’ General Manager of Bloodstock Sales Sebastian Hutch at sebastian.hutch@inglis.com.au.
“When we purchased our slot in The Everest, it was with a view to our champion Chautauqua competing in the race year after year.” – Greg Ingham.
The Everest will be run this year for $14 million, an increase of $1 million on last year’s contest won by Redzel (Snitzel), also successful in the inaugural running of the event in 2017.
GPI Racing’s Greg Ingham said the decision to relinquish its Everest slot for 2019 would present another organisation or individual with a rare, world-class experience.
“When we purchased our slot in The Everest, it was with a view to our champion Chautauqua competing in the race year after year.
“He is essentially retired, therefore we have decided to make the opportunity to be part of this great race available to someone else.
2018 The Everest winner - Redzel
“It is already an incredible sporting spectacle and we have loved being a part of it in its first two years and there is no doubting that the third renewal is going to be even bigger and better again.”
Racing NSW Chief Executive Peter V’Landys welcomed what he said will be intense interest in the available slot.
“It was always envisaged that the slots in The Everest would be tradable.
“Accordingly, we are happy that this part of the concept is being utilised as this adds even further intrigue to the race.
“It was always envisaged that the slots in The Everest would be tradable.” – Peter V’Landys.
“With prizemoney of $14 million, it’s potentially very good value for an owner of a horse that may be otherwise a fringe contender to get a start in the race.
“The successful buyer of the slot will be then be part of, and a personality in, one of the most exciting and publicised sporting events in Australia.”
Inglis Managing Director Mark Webster urged all interested parties to enter the race for the GPI slot.
Inglis Managing Director Mark Webster
“The Everest is arguably the most talked about horse race in the world and it is only two years old.” – Mark Webster.
“When Inglis purchased its Everest slot we, like all the other slot holders, really had no idea how much of an amazing experience it would be,’’ he said.
“The Everest is arguably the most talked about horse race in the world and it is only two years old.
“For another organisation or individual to have the chance to be involved with this spectacular event so early in its inception is a truly wonderful opportunity which I expect will be extremely highly sought after.’’
The Everest will be run at Randwick on Saturday, October 19.
