Hallandale Beach, FL (May 11, 2016)-The Stronach Group announced May 11 the inaugural running of the $12 million Pegasus World Cup will be held Jan. 28 at Gulfstream Park.
With a purse that would make it the world's richest Thoroughbred race, the Pegasus World Cup will be contested at 1 1/8 miles on dirt and was created to attract the world's biggest stars in racing.
The race will be restricted to to 12 entries, whose connections will be required to pay $1 million each to buy a spot in the Pegasus World Cup starting gate.
The entrant's owner can then race, lease, contract or share a starter or sell their place in the starting gate. Original entrants will also have the first option to participate in future Pegasus World Cup races. All entrants will not only be competing for the world's largest purse but they will also share equally in 100% of the net income from handle, media rights, and sponsorships from the Pegasus World Cup, according to the Stronach Group announcement.
"The Pegasus World Cup will be conducted to the highest standards," said Frank Stronach, founder and honorary chairman of The Stronach Group, "and will held on Saturday, January 28th, thereby avoiding a conflict with either the Breeders' Cup or the Dubai World Cup."
The Stronach Group also announce that Jack Wolf, founder of Starlight Racing, has been retained as the CEO of the Pegasus World Cup to assist with the marketing and coordination of the race. Jack Wolf is the co-managing partner of Starlight Racing.
Tom Ludt, who is a board member of the Breeders Cup, will also be assisting with the marketing and coordination of the Pegasus World Cup.