Steve M
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 Original Post 2010-Jun-23, 08:14 PM
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Former Kelt Stakes Has Big Purse Drop
Written by AAP Wednesday, 23 June 2010 16:59
New Zealand's top weight-for-age race, formerly known as the Kelt Capital Stakes, will have a massive drop in prizemoney this year.
The race, to be known as the Spring Classic, will have a purse of $NZ250,000.
Two years ago the Kelt was New Zealand's richest race at $NZ2 million but it dropped to $NZ1.2 million last year.
Hawke's Bay Racing and the race's sponsor Sam Kelt have parted ways this year and the club has settled on a much-reduced stake for the Group One 2040m race, which will be run at Hastings on October 2.
The two lead-up races for the Kelt, the Mudgway Partsworld Stakes (1400m) and the Windsor Park Plate (1600m) will be run on August 28 and September 18 respectively.
Both are Group One races and will have stakes of $NZ200,000.
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