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Pegasus World Cup gate already full
- Updated: May 19, 2016
7:37 PM ET
BALTIMORE — Less than a week after announcing the creation of the $12 million Pegasus World Cup — the world’s richest horse race, where owners purchase their spot in the starting gate for $1 million — officials with The Stronach Group announced Thursday that all spots have sold out.
According to officials, a dozen individuals or groups — including Paul Reddam, the owner of Kentucky Derby winner Nyquist — have each put up $1 million to purchase a spot in the starting gate for the race, scheduled for Jan. 28, 2017 at Gulfstream Park in south Florida.
Though Reddam said he naturally was interested in purchasing a spot in the gate, he said he was “shocked” that the race filled up so quickly.
Interestingly, Reddam has already sold the breeding rights to Nyquist to Darley Stud, the North American arm of Sheikh Mohammed bin Rashid al Maktoum, the ruler of Dubai, whose $10 million Dubai World Cup is currently the world’s richest race.
In addition to Reddam, other parties who have paid the $1 million are California Chrome LLC, the owners of California Chrome; Jerry and Ronald Frankel; …
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