3 minute read
The sale of GPI Racing slot to be managed by Inglis.
Greg Ingham's GPI Racing is offering their slot for the 2021 The Everest (1200m), 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 expression of interest period.
The window for submission is now open and will remain so until April 15 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 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 prize-money pool was $15 million 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 in such a short space of time.
The inaugural victor Redzel (Snitzel) – who won consecutive Everests – retired with more than $16 million in prize-money, while the 2019 winner Yes Yes Yes (Rubick) now stands as a stallion at Coolmore in the Hunter Valley and last year's quinella of Classique Legend (Not A Single Doubt) and Bivouac (Exceed And Excel) 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 prize-money is $15 million 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 (Street Cry) finished third that year.
