Cheltenham Racecourse is pleased to announce a 20 per cent increase in the total prize fund for the G3 Caspian Caviar Gold Cup, staged on day two of The International, Saturday, December 16.
The famous handicap chase will be worth £120,000, as against £100,000 last year. Caspian Caviar will be sponsoring for the fourth time next month, having backed the handicap chase since 2014.
Entries for the 2017 Caspian Caviar Gold Cup, which is run over an extended two and a half miles, close at noon on Tuesday, November 28 and will be revealed 24 hours later.
Last year's renewal of the Caspian Caviar Gold Cup went to Frodon, who handed trainer Paul Nicholls a record-breaking fourth winner of the contest following Poquelin (2009 & 2010) and Unioniste (2012).
The Caspian Caviar Gold Cup follows on from the BetVictor Gold Cup, which is run over a similar distance at The November Meeting. Three horses have won both races in the same season - Pegwell Bay (1988), Senor El Betrutti (1997) and Exotic Dancer (2006).
Simon Shepherd, Director of Caspian Caviar, said: "We are delighted to sponsor the Caspian Caviar Gold Cup again, and thrilled that it becomes more prestigious year on year.
"We love attending The International at Cheltenham, our local course, and the meeting is an established part of the run up to Christmas.
"The quality of the racing and our support of the Caspian Caviar Gold Cup makes the Saturday a very special day out."
Carey Weeks, Regional Head of Partnerships, Jockey Club Racecourses South West, added: "We are thrilled that the value of the Caspian Caviar Gold Cup has risen to £120,000 for the 2017 renewal on December 16.
"Cheltenham Racecourse is extremely grateful to Caspian Caviar for its continued long-term sponsorship at the Home of Jump Racing, which cements the race's position as the highlight of The International.
"We look forward to continue working alongside Simon Shepherd and all the team at Caspian Caviar."