The Saudi Cup will become the richest horse race in history when its inaugural edition takes place in the Saudi Arabian capital of Riyadh next February.
The total prize purse has been confirmed at $20m (€18m), with half of that going to the winning horse and the remainder of the top ten finishers sharing another $10m between them.
The prize money eclipses the previous global record of $16m, set by the Pegasus World Cup at Gulfstream Park, Florida in 2018. It also surpasses the $12m mark set by the title race at the Dubai World Cup, although that event remains the richest meet, with total prize money available of $35m.
On the announcement of the race, Prince Bandar bin Khalid Al Faisal, the chairman of the Jockey Club of Saudi Arabia, said: “The introduction of the Saudi Cup as an international race is without doubt the most significant event in the history of horse racing in Saudi Arabia, and demonstrates our resolve to develop this great sport in the Kingdom of Saudi Arabia, and also our ambition to become a leading player on horse racing’s world stage.”
An undercard of supporting races will be announced at a later stage.
Last year, SportBusiness named Riyadh as a destination to watch in the future, as part of our biannual Ultimate Sports City report.