Officials in Saudi Arabia have announced plans to host a horse racing championship that would be the most valuable in the world.
The National reports that plans are in the works for the country to host the King Abdulaziz Horse Championship, which would offer purses totaling $17 million, making it one of the biggest events in the sport.
Supporters say that the event would “rival the Kentucky Derby in size and attract competitors from the United States, the United Kingdom and Japan.”
Officials haven't announced yet as to when the first event would be held.
Read more in The National
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