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Randwick Opens A$10M War Chest To Grow The Everest

Racing NSW and the ATC will use A$10M to improve Royal Randwick's public facilities.GETTY IMAGES

Racing NSW and the Australian Turf Club are set to open a A$10M ($7.1M) war chest to expand Royal Randwick's facilities and "grow The Everest meeting after another phenomenal success in the second running of the race on Saturday," according to Chris Roots of the SYDNEY MORNING HERALD. In just two years, The Everest has "changed the culture and perception of racing" and attracted a new, younger audience to the sport. Now, Randwick is set for a "further makeover to make sure anyone who wants to get to the races can be accommodated at the track." Racing NSW CEO Peter V'landys said, "We wanted to engage the next generation and we have. We have only just began. We have the Randwick development fund, which has more than A$10 million in it and it is available to the club straight away to improve public facilities." The crowd was up just under 20% from the first running of The Everest, with Redzel running away with the A$13M ($9.2M) race again. It was a "remarkable result" considering it was a showery afternoon. ATC CEO Jamie Barkley finished his first week in charge of the club by watching 40,578 people roll through the gates at Randwick. He wants to expand the public areas to get the crowd up toward 50,000 in '19. Barkley said, "We need to improve the public facilities and grow the areas we can use at Royal Randwick. This is already a flagship event in Sydney and we can, and will, make it better" (SMH, 10/14).

REDZEL: In London, Pádraig Collins reported the six-year-old gelding led from the start in the second running of the 1,200m sprint to take the A$6M ($4.3M) winner's purse again and become Australia's second-highest-earning racehorse in history. Redzel's race slot was bought for A$600,000 ($426,490) by Chinese billionaire Yuesheng Zhang. But the horse belongs to a group of 17 Australians with regular jobs. Some of the owners are syndicates with 10 or so members who hold a 5% share between them; others are individuals with a 10% stake. The owners include concreter Abram Savage, bus driver Michael Waddington, council worker Brad Playford, electrician Damien Yates and cancer survivor Peter Piras (GUARDIAN, 10/13).

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