In addition to the $12 million Grade 1 Pegasus World Cup to be held on Jan. 28 at Gulfstream Park, The Stronach Group has announced that it will add a secondary stake, the Poseidon, to be run at the same conditions, 1 1/8 miles on the dirt, with a $400,000 purse. According to the Daily Racing Form, owners of the 12 slots in the Pegasus starting gate will be able to pre-enter two horses in that race, an “A” entry and a “B” entry. If the A entry scratches, the B will take its place in the Pegasus. If the A horse runs, the B will be eligible to enter the Poseidon, for an entry fee of $20,000.
“We're looking at it this way because it's to everyone's benefit to have 12 horses in the race,” said Mike Rogers, an executive with The Stronach Group who is in charge of the planning for the Pegasus. “It's important to have all 12 horses.”
On Monday in New York, a stakeholders meeting was held for the 12 owners of slots in the Pegasus starting gate, at which all but Paul Reddam were present. Scratch rules were hammered out, as well as a purse redistribution proposal that would sweeten the pot for owners of the fourth and fifth-place finishing horses. The proposal will need to be officially approved by all 12 stakeholders before it can be implemented.
Read more at the Daily Racing Form.
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