Cape Thoroughbred Sales (CTS) has announced the prize money of their ready to run races in both Cape town and Johannesburg for 2015.
The “Lanzerac Ready to Run Stakes” has received a R500 000 increase taking it to R2.5mil in stakes while the “Emperors Palace Ready to Run Cup” presented by CTS will carry the same purse.
“We’ve always prided ourselves as innovative, and we believe that this initiative will be well received by both Buyers and Vendors” said CTS COO Adrian Todd.
He further went on to say, “We want all of our clients to attend the upcoming sales confidently knowing that any horse they purchase will be in the running for R2.5 million in stakes in 2015”
In a further boost for Buyers, CTS announced that Buyers at both sales would receive the lucrative payment terms of 90 days with Vendors receiving guaranteed payments.
“We set a precedent for our Buyers and Sellers at our inception, and we feel it’s very important that we continue to strive to remain fair and consistent”
The buy in for both races for Vendor & Buyer will remain the same at R7,500.
The 2014 Lanzerac Ready to Run sale will be conducted at Durbanville racecourse with gallops on the 2nd of October from 9am and the sale commencing on Saturday the 4th and concluding on Sunday the 5th.
The inaugural CTS sale in Johannesburg will be conducted on the 31st of October at the Inanda Club with gallops to be held on Monday the 13th of October at Turffontein & Friday the 17th at Summerhill Stud.