Indian Derby to offer mind-boggling stakes
Chairman of Royal Western India Turf Club Vivek Jain has brought off a marketing coup in making the UB Group to commit a whopping Rs 28 cores by way of sponsorship over the next five years. The UB Group has been sponsoring the Indian Derby for the last 27 years while the same company has been sponsoring the Kingfisher Derby for the last 23 years. Under the present agreement, the value for 2013 McDowell Indian Derby will be about US $ 1 million. Mr. Jain described the conclusion as “a path breaking development in the history of Indian racing, and a momentous milestone for the RWITC.” The Kingfisher Derby which also has national character about it, with the result of the race, having a bearing not only on Indian classics but also on regional classics. This high profile event promises guaranteed stake money of Rs 1 core but the contribution of the UB Group is a poor Rs 50 lakhs. This amount is after the company agreed to increase its contribution by about Rs 20 lakhs over its previous con...