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Prize Money Boost For Championships
Racing NSW and the Australian Turf Club yesterday announced prize money increases for key races during The Championships and the upgrade of the Percy Sykes Stakes to Gr2 level. Prize money for both the Arrowfield 3YO Sprint and Percy Sykes Stakes, run at Royal Randwick during The Championships in 2017, have been increased by $100,000 to $600,000. In a further boost, the Australian Pattern Committee resolved to upgrade the Percy Sykes Stakes for two-year-old fillies from a Gr3 to a Gr2 race. These two races are among the 10 races that comprise The Championships, but are the only two that do not enjoy Gr1 status. It is the ultimate aim of The Championships to have all 10 Championship races at Gr1 level offering a minimum of $1 million prize money each. "Working with Racing NSW, the ATC wishes to further develop the recognition and standing of both these races," said ATC Chairman, Laurie Macri. "We are confident that both races will continue to improve their rating and will benefit from the additional prize money."