Peter V’landys, the driving force behind Sydney’s $15 million Everest horse race, should know better than most there’s almost no such thing as a licence to print money in horse racing.
In its fifth year, The Everest will be the first major event in Sydney since the end of lockdown, with 10,000 fully vaccinated punters at Royal Randwick on Saturday. Calculating the total prizemoney horses have won so far in The Everest suggests only those slotholders who have had an Everest winner would be in profit.
Harron won the race in the first year when he chose two-time champion Redzel, but insists it’s getting harder to find a suitable horse four years on. Such is the clamour to be involved, there were whispers of a $1 million offer being made to lease a slot. It was knocked back. “You don’t necessarily want to negotiate with the hottest horse if it’s the worst deal. You try to get the most equitable deal you can.”Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum’s global racing empire Godolphin bought the slot forfeited by Damion Flower, who earlier this year pleaded guilty to his role in a cocaine smuggling ring.
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