News

Everest slot up for grabs

4th Mar 2021

A rare opportunity to participate in the world’s richest race on turf has arisen, with a slot in The Everest up for sale.

Greg Ingham’s GPI Racing is offering the slot, which a buyer can acquire for up to three years.

Inglis will manage the sale process, which will involve interested parties submitting bids during an expressions of interest period.

The window for submission is now open and will remain so until April 15th at 5pm.

The new slot owner will act as ‘Slot Licensee’ and hold all pre and post-race rights to the slot from the time of purchase until the end of the contracted period, be that one, two or three years.

“The Everest is the most incredible concept and we are delighted to be a part of it,” GPI Racing’s Greg Ingham said.

“Mr Bon Ho participated in the race in 2019 on the GPI slot with Classique Legend (pictured) and while it didn’t work out on that occasion, it certainly whetted his appetite and he came back and won it in 2020, so we are excited by the prospect of another party taking up the use of our slot, possibly even for each of the next 3 years.

“The prizemoney pool was $15m in 2020 and the race is only going to get better and better and with a bit of luck, it will be back to being a full house at Randwick for the 2021 edition later in the year.’’

The Everest has rapidly become arguably the highest profile race in the world – and it is only four years old.

Not only is it a phenomenal marketing tool for slot holders but from a race field quality perspective, it continually falls among the highest-rated races globally each year.

The inaugural victor Redzel – who won consecutive Everests – retired with more than $16m in prizemoney banked, the 2019 winner Yes Yes Yes now stands as a stallion at Coolmore in the Hunter Valley and last year’s quinella of Classique Legend and Bivouac were recently rated the equal world’s best sprinters on the Longines World’s Best Racehorse ratings.

All expressions of interest in the GPI slot are to be made in writing to Inglis’ General Manager of Bloodstock Sales and Marketing Sebastian Hutch at sebastian.hutch@inglis.com.au.

The Everest prizemoney is $15m this year and has the potential to increase in further years, as it has done throughout its four renewals to date.

Everest slots have been sold in the past with great success – Hong Kong businessman Bon Ho last year purchased a slot for three years off the Australian Turf Club and won the race with his champion sprinter Classique Legend.

Ingham has sold his slot before – to Carmel Size and Bon Ho in 2019 – while the ATC also sold their slot in 2019 to the Melbourne Racing Club, whose runner Trekking finished third that year.

Sub notes:

*The vendor reserves the right to accept any offer prior to the cessation of the expressions of interest period

*The successful bidder will be invoiced at the cessation of the expressions of interest period, or prior if agreed with he vendor in writing. Payment is due within 14 days of that time

*Prizemoney payout post-race will be at the timing discretion of Racing NSW

*All bids are subject to any restrictions or exclusivity arrangements as prescribed by Racing NSW

*Any enquiries to be forwarded to Sebastian Hutch on sebastian.hutch@inglis.com.au or 0423 770 854.