Britain’s richest race gives greater than $1 million to the winner at the present time, however even that bumper pot is dwarfed via one of the vital riches on be offering around the globe.

The Pegasus even boosted its pot to $16M the next yr, sooner than losing the handbag to $nine million and spreading the wealth throughout two races in 2019.

However subsequent yr, a megabucks sum of $20 million will tempt homeowners and running shoes to Saudi Arabia for the inaugural Saudi Cup. A primary prize of $10 million — 3 times up to for Europe’s richest race the Prix de l’Arc de Triomphe — is more likely to grasp a variety of consideration within the racing international.

The query is: the place will all of it finish?

READ: Giant greenbacks — The arena’s richest horse races

In step with Alastair Donald, of worldwide race promoter the World Racing Bureau, the Saudi Cup is not only a brazen try to be greatest and perfect.

He attracts parallels with the Dubai Global Cup, which was once devised via Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum in 1996.

“I don’t believe being the richest was once the purpose,” mentioned Donald of the Saudi Cup.

“It was once identical to Sheikh Mohammed’s goal to create one thing that was once particular on the time relating to being value some huge cash. That was once simply a part of the plan to position Dubai at the map as a racing country and as someplace that was once going to turn into a vacation vacation spot.

“I believe it was once a success and has stood the take a look at of time – it is nonetheless one of the crucial nice conferences.”

He added: “That is headline-grabbing stuff and it is extra about creating a commentary about Saudi Arabia to announce itself to the racing international and create one thing that is a commentary of intent.”

After two chart-topping years, Pegasus organizers cut up the money around the unique dust race and a brand new turf race to draw extra world skill.

“It is as regards to evolving,” Tim Rivto, COO of organizer The Stronach Workforce, informed CNN Game. “I believe after we glance again in 20 years, it is going to glance very other from what it appeared like at first.”

The Saudi Cup is the newest in a sequence of recreation and leisure ventures aimed toward bettering the picture of Saudi Arabia to the broader international.

Prince Bandar bin Khalid al Faisal, chairman of the Jockey Membership of Saudi Arabia, says he hopes the development will trap racing lovers to “come and take a more in-depth have a look at our tradition and our nation: discover a spot they might by no means considered visiting and in all probability see it anew.”

“The Saudi Cup is very similar to what Dubai has achieved,” provides Donald, whose corporate was once pivotal within the release of the Dubai Global Cup in addition to the profitable Breeders’ Cup 12 years previous plus the Japan Cup, first run in 1981.

“It is been relatively in moderation selected relating to its timing and the place it suits within the calendar between the Pegasus and the Dubai Global Cup.

“Plus, the arena wishes new other people to come back to the marketplace. This may occasionally carry extra Saudi homeowners into the sport including to the present markets.”

Donald is assured that the Saudi Cup is right here to stick as the arena’s richest race for the foreseeable long run, with out a present different race suitor lurking with bottomless wallet.

“I don’t believe that many puts are able to level the richest race,” he added.

“The evidence might be within the pudding and best time will inform. I don’t believe others will push the envelope for now. I surely do not assume we are going to get into a contest of 1 nation seeking to outdo any other. I don’t believe this may increasingly, for instance, act as a spur for Sheikh Mohammed.

“The races don’t seem to be in festival with one any other. We are at all times seeking to open into new markets and that is one.”

The inaugural Saudi Cup will happen on the King Abdulaziz Racetrack in Riyadh on February 29 on dust over 9 furlongs.

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