The Stronach Group, owners of Gulfstream, announced that the following owners hold entries for the world’s richest race at a cost of $1 million each:-

California Chrome LLC; J. Paul Reddam; Jerry & Ronald Frankel; Jim McIngvale; Michael Tabor, Derrick Smith & John Magnier; Sol Kumin & James Covello; Starlight Pegasus Partners; Dan Schafer; Rosedown Racing Stables (Jeffrey Weiss); The Stronach Group; Reeves Thoroughbred Racing; Ruis Racing.

“We were oversubscribed,” said Jack Wolf, CEO of the Pegasus World Cup and founder of Starlight Racing.

“We had 14 people wanting the 12 spots. One ended up partnering with another outfit and the other dropped out.

“Everybody is paid up and the deal is closed with the 12 entrants.”

The Pegasus World Cup, to be contested at 1 1/8 miles, will replace the GI Donn Handicap on the Gulfstream Park schedule for 2017.

Horses running without Lasix in the Pegasus World Cup will receive a five-pound weight allowance.

Owners can choose to race, lease, contract or share a starter or sell their place in the field.

Original entrants will also have the first option to participate in future Pegasus World Cup races.

All entrants will also share equally in 100% of the net income from betting turnover, media rights and sponsorships from the Pegasus World Cup.

The winner’s share of the purse is $7 million.

“We think it’s a great new concept and obviously it was received really well,” said The Stronach Group’s Tim Ritvo.

“I think it’s important to recognize that the placement of this race was not to be disruptive to any other successful series.

“It’s in between the Breeders’ Cup and Dubai World Cup and also scheduled before the breeding season.”

Ritvo said talks with networks have begun to nationally televise the event.