The QIPCO Champion Stakes will be the richest race in Great Britain. The prize money on British Champions Day is getting a huge boost.
The prestigious Group 1 race will be valued at £ 1.2 million and the flat season finale at Ascot in October will total £ 4 million up for grabs.
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The prize money for Champions Day has been increased by 60%Photo credit: Getty Images – Getty
The Champion Stakes wallet has increased by £ 450,000 from last year Addeybb won the big race under Tom Marquand.
The prize money for the entire meeting, which celebrates its 10th anniversary this fall and is the UK’s richest racing day, is up 60% from £ 2.5 million last year.
The Queen Elizabeth II Stakes, which were only worth £ 650,000 last season, will now carry a prize pot of over £ 1 million.
The three remaining group races on the map have also received a cash injection and are each worth half a million.
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This is a big boost for the sport as the prize money rises again towards the prepandemic.
Sheikh Fahad bin Abdullah Al-Thani, Director of QIPCO, said: “We are proud to sponsor QIPCO British Champions Day, the most precious day on the British racing calendar.
“We are delighted that this year’s Race Day, which marks the 10th anniversary of our sponsorship, is being held for £ 4 million.
“The day has established itself at the height of the global racing calendar and it is only fitting that the prize money should reflect that.”
Master trainer John Gosden has been a critic of the low prize money in the past.
And he welcomed the news and said, “We are very grateful to QIPCO and the British Champions Series for making such a valuable day of racing.
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“It is so important to British racing that owners who form the foundation of our sport receive internationally competitive prize money.
“Champions Day has quickly developed into one of the most important racing days on the global racing calendar. With this generous prize money, I am sure that it will continue to be successful.”
The Champion Stakes are still way behind other major races around the world in terms of prize money.
The Saudi Cup is worth £ 7.5 million while the Dubai World Cup and Everest in Australia are worth £ 5.69 million and £ 3.57 million, respectively.
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