Australia's $17m Golden Slam Series Stars New $7.5m Race
Sydney landed the latest blow in Australian racing's war of the multi-million dollar races on Wednesday when announcing a new $7.5million event.
The 7.5f Golden Eagle will only be open to four-year-olds, taking place at Rosehill Gardens during Sydney's Spring Carnival, boasting that huge prize fund, and offering a $5million bonus.
“The Golden Eagle is the first feature race on the Australian Racing Calendar exclusively for four-year-old horses,” said Racing NSW Chairman, Russell Balding.
“We believe The Golden Eagle will be attractive in retaining our top three-year-olds to race on as four-year-olds and benefit the racing industry, underpinning the strength of racing in NSW and Australia more broadly.”
The news comes two weeks after Australia's other horse racing super power, Racing Victoria, unveiled the new $5million All-Star Mile - whose field will largely be decided by a public vote.
Early Golden Eagle Favourite
However, The Autumn Sun is also 8/1 second favourite for the Cox Plate next October and connections have said they will not be swayed from that more difficult target. Next in the betting is The Everest fifth Graff with odds of 8/1. He was third to The Autumn Sun in the Gold Rose last September
Golden Slam Series
To provide further incentive, beyond the $7.5m prize fund, the Golden Eagle will become the third and final leg of the new Golden Slam Series.
Golden Slam Series
|Race||Racecourse||Dist.||Prize Fund||Next Running|
|Golden Slipper||Rosehill Gardens||6f||$3.5million||March 23, 2019|
|Golden Rose||Rosehill Gardens||5f||$1million||September 28, 2019|
|Golden Eagle||Rosehill Gardens||7.5f||$7.5million||November 2, 2019|
Any horse winning the Golden Slipper at two, the Golden Rose at three and the Golden Eagle at four will earn a $5m bonus, their total earnings from that and the three races amounting to $17m.
Racing NSW cheekily announced increases in prize money to The Everest - the richest race on turf since its inauguration in 2017 - via a full page advert in national broadsheet The Australian on Melbourne Cup day last year.
'The world's richest turf race is not in Melbourne today,' it read.
Rising by $2.3m for this year's renewal - won by defending champion Redzel -it's payout will be $14m in 2019, and $15m in 2020, but those sums are created by colossal entry fees. The Golden Eagle won't have the same inhibitors.
How Much Does Golden Eagle Winner Actually Earn?
In a vague statement, Racing NSW said that prize money for the Golden Eagle will not come from existing revenue streams, but from brand new sources, that will be disclosed at a later date.
It also said that a large portion of the Golden Eagle's pot will be donated to charities chosen by winning connections, as well as $150,000 going to the Equine Welfare Fund and Jockeys Welfare Fund. So how much does the Golden Eagle winner actually get?
The connections of each runner will nominate a charity that has been accredited with Racing NSW, and that charity will receive 10% of prizemoney won by their horse. Accordingly, a total of $750,000 will go to charity, the winner earning $3.69m in prize money after donating $410,000 to good causes.
Golden Eagle - The Everest double
The scheduling of the Golden Eagle race two weeks before The Everest, which is open to all ages, leaves open the possibility of one horse winning both races in the same year.
So far sprint specialist Redzel has won both editions of The Everest, but this October four-year-old Trapeze Artist finished second, a horse who has won two Group 1s over 7f, including the Golden Rose. He also placed third in a Group 1 over 1m, showing 7.5f to be no issue.
Vega Magic, who finished second in 2017, was also a Group 1 winner over 7f, as was the four-year-old third Brave Smash, showing that victory in The Everest may not be confined to confirmed sprinters. If 7f horses are willing to drop 1f in trip for that, then perhaps they'll go up 0.5f for the Golden Eagle.
More Syndey Spring Carnival Additions
The Golden Eagle at Rosehill Gardens is Racing NSW's headline new act, but there will also be two new $1m races added to the schedule for the next Sydney Spring Carnival.
Running from September 7 to November 9, the program will now feature the brand new 1m Bondi Stakes for three-year-olds at Royal Randwick, providing a following target for horses of Golden Rose standard.
In addition, prize money has been boosted to $1million for the fourth renewal of the 5.5f Golden Gift for two-year-olds, set to be run at Rosehill Gardens on the final day of the Sydney Spring Carnival next year.
Golden Eagle: World's Richest Race Ranking
Splitting the US$16million Pegasus World Cup in the US into two races - one on dirt and one on turf - for 2019 has knocked it off the top spot in the World's Richest Horse Races table.
World's 10 Richest Horse Races (all approx US$)
- Dubai World Cup $12million (1m4f, Dirt) - Dubai
- The Everest $10.2m (6f, Turf) - Australia
- Pegasus World Cup Invitational $9m (1m1f, Dirt) - US
- Pegasus World Cup Turf Invitational $7m (1m1.5f, Turf) - US
- Breeders' Cup Classic $6m (1m2f, Dirt) - US
- Japan Cup $5.9m (1m4f, Turf) - Japan
- Arima Kinen $5.9m (1m4.5f, Turf) - Japan
- Prix de l'Arc de Triomphe $5.68m (1m4f, Turf) - France
- Golden Eagle $5.47m (7.5f, Turf) - Australia
- Melbourne Cup $5.32 (2m, Turf) - Australia
However, that move has also elevated Racing NSW's The Everest to second overall, and it remains the richest horse race run on turf, with the new Pegasus World Cup Turf Invitational in second and Japan's twin features, the Japan Cup and Arima Kinen next.
At present exchange rates, the Golden Eagle sits 8th overall and 6th on the turf rankings, just ahead of Racing Victoria's gem, the Melbourne Cup
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