what is the prize for winning the gold cup
Cheltenham Gold Cup The steeplechase, which is open to horses aged five years and over, is the most prestigious of all National Hunt events and it is sometimes referred to as the Blue Riband of jump-racing. Its roll of honour features the names of such chasers as Arkle, Best Mate, Golden Miller, Kauto Star and Mill House. The Gold Cup is the most valuable non-handicap chase in Britain, and in 2014 it offered a total prize fund of £550,000. Since 2014 it has been sponsored by Betfred,[1] after the betting company bought the government-owned Tote in June 2011,[2] but in late 2015 they lost their sponsorship following Jockey Club's and Arena Racing new initiative to not allow bookmaker sponsorships on their tracks that do not offer any contribution to horse racing from their offshore business.[3] Only two weeks later a new sponsorship deal was announced with Timico, an independent internet service provider whose CEO Tim Radford is a horse owner having top chasers like Somersby and Racing Demon associated with his name.[4] Timico also offered an increase of £25,000 to reach a total of £575,000 prize money for the 2016 Gold Cup renewal.