Cape Racing’s recently establishment new Thoroughbred Sales Division has announced that it will be hosting a Ready to Run sale at Hollywoodbets Kenilworth Racecourse on October 29, 2022.
With Cape Thoroughbred Sales (“CTS”) announcing their intention to step away from thoroughbred sales, Cape Racing has decided to hold its own Ready to Run sale on the same date and at the same venue as the previously scheduled CTS sale.
Similarly, Cape Racing will be holding its inaugural Premier Yearling Sale powered by Tattersalls at the Cape Town International Convention Centre on 12 January 2023. This coincides with the same venue and date of CTS’s previously scheduled previously yearling sale.
Future sales dates and venues for the full 2023 and 2024 calendars will be determined in due course.
Cape Racing’s Executive Chairman Elect Greg Bortz commented: “Our sales company will be working hard developing an innovative sales calendar for the years ahead, coupled with sales races and events that fit hand in glove with our enhanced fixture schedule and other exciting initiatives. We believe that the trifecta of our beautiful city, outstanding racecourses and fantastic horses will make the Cape an equine destination for international and local buyers and racegoers alike. We intend to do things a little differently. We are hopeful that all our country’s breeders will really be supportive given that 100% of all profits earned from any sales will be invested into stakes. This will raise the profile of the industry, attract more buyers, and benefit our breeders even further. There will be no leakage of profits out of the industry, which is the core rationale behind our entering the sales arena to begin with.”
Cape Racing has also agreed to hold and fund the sales races previously announced by CTS. These include the upcoming Ready to Run race to be held at Hollywoodbets Kenilworth on Sunday October 30th for a stake of R600,000, the Gold Rush 1 race for a stake of R7.5 million to be held on World Sports Betting Met Day in January 2023, and will continue with Gold Rush 2 in 2024.
