Royal Ascot announces first £1million races - Prince of Wales's Stakes and Diamond Jubilee

Crystal Ocean beats Magical at Royal Ascot
Crystal Ocean beats Magical at Royal Ascot

Royal Ascot will stage two £1million races for the first time next year, with the Prince of Wales's Stakes and the Diamond Jubilee seeing their purses boosted.

The 10-furlong Prince of Wales's, won by Crystal Ocean this year, steps up from £750,000 - while the six-furlong Diamond Jubilee has seen its fund almost doubled from £600,000.

No race at the five-day fixture will be run for less than £95,000 in 2020, with total prize money at the meeting now a record £8,095,000.

Races away from the Royal meeting to be boosted include the Sagaro Stakes and the Commonwealth Cup Trial.

Ascot chief executive officer Guy Henderson said: "Royal Ascot plays an important role for the industry in maintaining international investment in British racing.

"The progress we have made with our international commercial rights, our debt financing programme and our business as a whole means that we are now able to start to implement our long-held aspiration to increase the prize fund for our flagship and internationally relevant Group One races at Royal Ascot to £1 million - beginning with the Prince of Wales's Stakes and the Diamond Jubilee Stakes.

"These two races, which historically appeal to international horsemen, have been selected first as being likely to produce increased income from overseas betting and associated media/data rights.

"Equally, there are so many six, and now seven-figure races staged around the world over these distances that we must be conscious of options open to our own locally-trained star horses.

"The UK LBO media rights landscape and levy picture remains very challenging - which makes it difficult to plan beyond 2020."

Related horse racing links

Like what you've read?
Help your friends Know It All by sharing this article to your social media.

Most Read Racing

Sporting Life's NAP of the day1

Daily Nap: Bally a Becher beauty

Matt Brocklebank heads to Aintree on Saturday with Charlie Longsdon backed to win the Becher Chase over the famous Grand National fences.

Check out the latest in-depth racing preview2

Friday's racing preview

Brushwork is Anita Chambers' best bet for Newcastle and she has a tip for every race at every meeting in the UK and Ireland.

The Lambourn trainer guides us through his weekend team3

Warren Greatrex: Stars are out

Warren Greatrex runs a couple of his stable stars this weekend, with La Bague Au Roi and Mulcahys Hill both in action - get his thoughts on the team.

The Sporting Life team provide their free tips for Saturday's action across a range of sports4

Saturday's Bets of the Day

Our writers combine to pick out Saturday's best betting opportunities, with racing selections from Sandown to Wolverhampton and our take on the Manchester derby.

Vieux Lion Rouge comes out well on the trends5

Big-race trends: Becher Chase

We've teamed up with Weatherbys to provide the key racing trends ahead of Saturday's Becher Chase at Aintree.

Most Read Racing

Sporting Life's NAP of the day1

Daily Nap: Bally a Becher beauty

Matt Brocklebank heads to Aintree on Saturday with Charlie Longsdon backed to win the Becher Chase over the famous Grand National fences.

Check out the latest in-depth racing preview2

Friday's racing preview

Brushwork is Anita Chambers' best bet for Newcastle and she has a tip for every race at every meeting in the UK and Ireland.

The Lambourn trainer guides us through his weekend team3

Warren Greatrex: Stars are out

Warren Greatrex runs a couple of his stable stars this weekend, with La Bague Au Roi and Mulcahys Hill both in action - get his thoughts on the team.

The Sporting Life team provide their free tips for Saturday's action across a range of sports4

Saturday's Bets of the Day

Our writers combine to pick out Saturday's best betting opportunities, with racing selections from Sandown to Wolverhampton and our take on the Manchester derby.

Vieux Lion Rouge comes out well on the trends5

Big-race trends: Becher Chase

We've teamed up with Weatherbys to provide the key racing trends ahead of Saturday's Becher Chase at Aintree.

Next Race Off

15:40 Exeter
11
(0)
The Edgar Wallace
J: Ned Curtis
14
(0)
Time To Tinker
J: Bryony Frost
2
(0)
Call Simon
J: T J O'Brien
9
(0)
Picanha
J: Daniel Hiskett
6
(0)
Glencassley
J: Aidan Coleman
7
(0)
I Am Plastered
J: R T Dunne
12
(0)
The Widdow Maker
J: T Scudamore
3
(0)
Courtland
J: James Bowen
16
(0)
Liimari
J: Charlie Deutsch
4
(0)
Enormouse
J: Mr Joshua Newman
10
(0)
Sakhee's Conquest
J: Kevin Jones
5
(0)
Funway Monarch
J: Jack Quinlan
8
(0)
Lightonthewing
J: Lucy Gardner
13
(0)
Tile Tapper
J: Bryan Carver
1
(0)
Botus Fleming
J: Kieron Edgar
15
(0)
Bollin Cascade
J: Sean Houlihan

Racing Tips

Defi Du Seuil (centre)

Tingle Creek guide: Defi to deliver

All eight stand their ground for Saturday's Betfair Tingle Creek Chase at Sandown - check out David Ord's horse-by-horse guide.

Check out the latest in-depth racing preview

Friday's racing preview

Brushwork is Anita Chambers' best bet for Newcastle and she has a tip for every race at every meeting in the UK and Ireland.

Sporting Life's NAP of the day

Daily Nap: Bally a Becher beauty

Matt Brocklebank heads to Aintree on Saturday with Charlie Longsdon backed to win the Becher Chase over the famous Grand National fences.