Exciting Sales Festival - Another Cape Racing Sales Gamechanger!
The Cape Racing Festival Sales Day, a high value racemeeting that will offer stakes racing from R6,5 million up to R10 million over the initial three years, and encompassing the age spectrum, will dovetail the CRS March Premier Sale, creating a racing and sales festival like no other in South Africa.
The festival will extend the bumper Cape Summer Season Of Champions, creating an eighth festival racemeeting in what is a celebration of close on five months of non-stop high quality horseracing in the fairest Cape in all the world.
The innovative Cape Racing Sales team have again raised the bar in an industry showing exponential growth in the post-covid era, and their recent groundbreaking announcement of a March Premier sale to be added to the CRS sales calendar has generated plenty of excitement following the opening of entries for their 2025 premier sales.
Making the announcement earlier this week, Cape Racing Executive: Racing & Bloodstock Justin Vermaak explained that, from a CRS perspective, the new festival gives prospective gives buyers another great reason to buy a CRS graduate.
“Knowing that your purchase will potentially be able to participate in a R3 million race as a juvenile, and then have a R5 million race available every season, is quite something. Having R10 million on offer across four individual races is unlike any sales race incentive structure we have ever seen in South Africa. It creates an exceptional race day to follow what will be a memorable auction the day before,” enthused the racing administrator.
Looking at the three features individually, one notes that all ages and sexes are catered for.
The R5 million CRS Big Cap is the exciting new ‘slot’ race which will headline the Festival race day. The Big Cap was modelled on the Everest concept introduced in Australia, and the concept has been featured successfully previously in South Africa as the ‘Gold Rush’. Justin Vermaak explained that the CRS Big Cap will be run as a handicap, with conditions.
“The large spread at the weights will ensure that a vast group of graduates come into the race with a chance. The Gold Rush was a success in general, and it only fell slightly short in that if you were not a slot holder of a top candidate, the race became impossible to win. With The Big Cap offering a more extended spread, it creates a more level playing field, as handicap racing is intended to do. At only R325 000 a slot, it opens up a broader list of potential slot owners, and in keeping with our philosophy of acknowledging a very important sector of the horseracing eco-system, the groom of each runner will receive a payment of R12 500.”
The inaugural running of the R5 million CRS Big Cap in 2025 will be contested over 1400m at Hollywoodbets Kenilworth and is open to all CRS sales graduates.
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