Magic Millions Prospect for Australia

Submitted by
on January 11, 2010

The Magic Millions event, in Australia has seen wonderful horses rise to fame and the sale of numerous spectacular athletes over the years. In fact, the first Magic Millions Yearling Sale took place in 1986, and has grown in popularity and numbers with every passing year. The sale is a part of the Magic Millions Carnival, which lures hundreds of competitors to take part in events such as the Magic Millions Stayers Cup, Magic Millions 2 Year Old Classic, Magic Millions Open Sprint and Magic Millions Cup. While the Gold Coast has been its venue every January, it seems that plans are being made to have Magic Millions Classic moved.

Speaking to the media, John Singleton and Gerry Harvey expressed their excitement in regard to their bid to transform the Magic Millions Classic into one of the richest racing events for two-year-old horses. With Harvey and Singleton being prepared to provide $5.5 million in regard to the prize money for the event, they are closer to reaching their target of $11 million for the Classic. There is, however, some opposition entwined in the Magic Millions Classic negotiations. The prize money alone will lure many international competitors to the event, but many feel that moving the meeting from the Gold Coast to Victoria could complicate matters.

There is no confirmation on the move of the event, as Singleton pointed out that he was open to negotiations in regard to the venue. Racing Victoria Limited have given their support to hosting such a prestigious event, while others are concerned that moving the race will negatively impact entries by horsemen who have grown accustomed to its present location. Rob Hulls, Racing Minister, commented that he is always open to new ideas and to discuss the future of the Magic Millions Classic. The Queensland Government are wanting to keep the event on the Gold Coast as it generates a revenue of approximately $52 million, and they have set aside $80 million to boost the local horse racing industry. However, it seems that they are reluctant to meet the prize money pledge of Harvey and Singleton, leaving the Magic Millions Classic to hang in the balance for now. As negotiations and debates continue it is hoped that one goal is achieved, to provide a rich international stage for horse racing in Australia.

 

 

 

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