World’s Richest Horse Race: Sheikh Mohammed Plans Purse Increase For Dubai World Cup

Saturday saw Juddmonte's Arrogate take down the Dubai World Cup in spectacular fashion to become the richest North American racehorse in history, boasting a mind-boggling $17 million in earnings. On the same night, reports The National, Sheikh Mohammed bin Rashid, vice president of the UAE and Ruler of Dubai, made a public promise: he will increase the Dubai World Cup's purse so that it regains its title as the world's richest horse race.

The Dubai World Cup has been on top of the purse race since its inauguration in 1996. That year, it was won by one of the all-time great racehorses, Cigar, who earned the winner's share of a $4 million purse. More recently, Sheikh Mohammed increased the Dubai World Cup's purse to $10 million in 2010, the same year the Meydan Racecourse was opened.

In January of 2017, Arrogate also competed (and ultimately won easily) in the only race to eclipse the Dubai World Cup's $10 million purse, the $12 million Pegasus World Cup held at Gulfstream Park. The brainchild of Frank Stronach, the Pegasus pools 12 $1 million entry fees to create its massive prize.

Initially Sheikh Mohammed decided not to increase the Dubai World Cup's purse, at least for 2017, but it appears he has changed his mind.

“I always want to be one step ahead,” said Sheikh Mohammed in a CNN interveiw. “I am always optimistic. We want to be number one and I am meeting with my people to be number one.”

Read more at The National.

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