A memorandum of agreement signing ceremony was held at
"The Gold Cup is indeed a prestigious race. This annual tradition, which brings together the PCSO, Philracom, private racing clubs and the local racing community, has to be maintained.
I am confident that despite the challenges we are presently facing, we will come out stronger and more creative in fulfilling our mandate to the people and continue our support to the racing industry," said Col. Royina Marzan Garma, PCSO general manager.
Since its establishment in 1934, the PCSO has been a strong supporter of the local horse racing industry. Apart from the Gold Cup, it also sponsors year-round horse races that contribute to the upliftment and advancement of the sport.
Alfonso G. Reyno III, president and CEO of MJC said: "MJC is very proud and honored to host the Presidential Gold Cup at San Lazaro.
As representatives of the private sector, we assure the PCSO and Philracom that we will do our share to encourage growth and further the development of Philippine horse racing. We join the bayang karerista in applauding the PCSO for their continued support to the industry.
" Locally-bred runners will compete for the P5,000,000 distributed purse for the top four placers, including a cash incentive to the winning breeder. The champion horse and its team will bag the
The runner-up will take home
The Presidential Gold Cup was conceived by the PCSO board headed by the late Chairman and General Manager, Nereo C. Andong.
It instantly became a popular event among the racing community with Sun God owned by
© Pakistan Press International, source