racing has taken another step forward with the Victoria Racing Club (VRC) announcing they
are injecting a further $1.7 million into stake money across the board for their races.
While feature events over the carnival have been increased a feature
of the announcement was news that standard races will also be boosted.
The standard minimum prizemoney for restricted flat and
jumping races on Saturdays and public holidays will be a minimum of $50,000, a $10,000
Standard races on these days (Saturdays and public
holidays) will now offer prizemoney of up to $60,000, also an increase of $10,000.
The minimum prize money for races on Sundays will rise
$3,000 to a minimum of $28,000. Some will be run for as much as $35,000.
Midweek races will also be boosted with the minimum stakes
for such races rising from $22,000 to $24,000.
Four non black type events during the VRC season will have
their prizemoney elevated from $75,000 to $100,000.
Feature races over the carnival also received a boost by
the committee of the VRC. The Group One Salinger Stakes will now be worth $500,000, up
$100,000 on last year.
The Ascot Vale, Craiglee and Turnbull Stakes', all at Group
Two level, have been raised from $150,000 to $200,000. The Maribyrnong Plate will also
rise to $150,000 (was $100,000).
The VRC also announced that all Group Three races will be
worth a minimum of $150,000. Three events to rise $50,000 will be the L'oreal Plate, The
Debonair and The Gilgai Stakes.
VRC Chief Executive Dale Monteith said today there were a
number of issues that led to the increases.
"The VRCs capacity to meet these increases is as a
direct result of the VRCs expanding Membership base made possible by the
construction of the new Grandstand combined with the continued growth of the clubs
significant non TABCORP revenue streams from the Melbourne Cup Carnival," Mr Monteith
With an increase in prizemoney next season of $1.7 million
the total budget for prizemoney with the VRC for the 2002-03 season is $28,976,000, plus
trophies valued at $189,900.