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The purse for the 2020 Pegasus World Cup has been reduced dramatically.
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The Stronach Group made the announcement this past week with the race only a month away.
A race that had a purse of $12 million for the inaugural running, was boosted to $16 million, then dropped to $9 million last year will now carry “just” a purse of $3 million, TurfnSport.com reports.
Stronach Shrinks Purses of Pegasus World Cup Races - https://t.co/7HvRyxcDXi
— Michael Dempsey (@turfnsport) December 16, 2019
Michael Dempsey of TurfnSports writes:
When Frank Stronach first came up with the idea of the World Cup with owners putting up $1 million to run, it sounded crazy. However, it actually worked. Instead of top horses retiring after the Breeders’ Cup Classic (G1), staying in training for the Pegasus and Dubai World Cup seemed like the logical thing to do.
There is some morsel of good news to come out of The Stronach Group camp, that being 2% of the purse is now going to help thoroughbred aftercare (for now anyway).
- Alistair Prescott, Gambling911.com
