Everest is fully subscribed; Sydney has a 10 Million race, Peter V’landys, Chief Executive of New South Wales racing has announced that the 12 spots at $600,000 a pop have been snapped up.

News that all 12 spots were sold in less than two months, the race with its record prize money guaranteed, is up and running with the date already slotted in on Saturday, October 14.

The Everest will be run over 1200 metres at Royal Randwick, the winner’s purse is $5.8 million, runner up $1.425 million ,third $800,000, fourth $400,000, fifth $250,000, from sixth to twelve $175,000.

To secure a slot investors must commit $600,000 for three years, slots are transferrable.

The race is scheduled for the first day of the Melbourne Racing Club’s Spring Carnival, Caulfield Guineas Day, although it is not likely to have any great effect on the Caulfield fixture.