The Auckland Racing Club (ARC) has today announced that it will be increasing stakes above minimum levels for the 2020/21 season by contributing close to $1,000,000 of its own monies.
In commenting on the announcement, ARC chief executive officer, Paul Wilcox, says “it gives the Club great satisfaction to be able to offer stakes top-ups for this new season.
“First and foremost, we are a racing club and everything we do is with an eye on maximising our returns to stakeholders.
“While we have topped-up stakes to around this level for the past three seasons; I am thrilled that we have been able to achieve this again for the 2020/21 season - particularly after the difficulties the last few months have posed for us all.
“I seriously cannot wait to get this new season off and racing at Ellerslie and am delighted that our Club has been able to once again make this commitment to industry participants.”
Stakes for some of ARC's races across the 2020/21 season include:
Group 1 Vodafone New Zealand Derby (6 March 2021) retains its stake of $1m;
Group 1 Barfoot & Thompson Auckland Cup (13 March 2021) retains its stake of $500,000;
Group 3 SkyCity City of Auckland Cup (1 January 2021) to be run for a stake of $200,000;
Group 3 Haunui Farm King’s Plate (6 March 2021) will be run for a stake of $100,000;
Dunstan Feeds Stayers Championship Final (1 January 2021) will be run for a stake of $100,000;
1500m Championship Final (26 December 2020) will be run for a stake of $80,000
Listed Hallmark Stud Handicap (26 December 2020), the Listed Shaw’s Wires Ropes Uncle Remus Stakes (26 December 2020) and the Listed Mufhasa FastTrack Stakes (6 March 2021) will each be run for a stake of $60,000;
Non-black type races run on 26 December 2020, 1 January 2021 and over Auckland Cup WeekⓇ (6 & 13 March 2021) will be run for $50,000 and;
Rating and Open races run on Feature meetings between 28 November 2020 - 20 February 2021 will be run for stake money of $5,000 above the minimum*;
* All Dunstan Feeds Stayers Championship heats, including those run at Ellerslie, will be run for $5,000 above the minimum. These increases are funded by NZTR.