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Hong Kong Derby Prizemoney Boosted

Thursday, 18th June 2020

The Hong Kong Jockey Club has increased total prizemoney for several races for next season, including a HK$4 million boost for the Hong Kong Derby, reports scmp.com. The prize pool for the Derby will be HK$24 million, while the other two legs of the Classic Series – the Mile and the Cup – gain an extra HK$2 million taking them to HK$12 million each. Hong Kong Jockey Club executive director of racing Andrew Harding said, "For next season, the club has increased prize money to a record overall sum, including a significant injection across all Class One to Class Five handicap races and Gr2 and Gr3 contests. [The Derby] regains its position as the second-richest Derby in the world [behind Japan]. The investment from our owners in high quality young stock for our four-year-old Classic Series each year brings a vital replenishment of our elite cohort of runners, which in turn maintains the very high standard of racing here in Hong Kong." The Hong Kong Sprint goes up to HK$22 million, while the Centenary Sprint Cup, the Stewards' Cup, the Queen's Silver Jubilee Cup, the Gold Cup and the Champions & Chater Cup will all run for HK$12 million. "Despite the issues associated with the Covid-19 pandemic and the uncertainty in world economies, we will continue our successful strategy of recent years to increase purse levels as necessary in order to reward and encourage our owners and to ensure Hong Kong's elite races are attractive to overseas competitors," said Harding. "This approach has been a core element in Hong Kong being able to maintain its position as a world leader in providing quality horse racing. We believe this will help to enhance competition and assist our owners in their attempts to purchase and import the best possible horses in a difficult economic climate."

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