Coral signs up to sponsor Punchestown Gold Cup

Coral has agreed deal to become the new title sponsor of Irish horse racing event the Punchestown Gold Cup.

Although terms of the agreement were not disclosed, it was confirmed that the new deal will be in place for the 2017 event at Punchestown Racecourse.

The three-mile chase will now be known as the Coral Punchestown Gold Cup, while prize money on offer at this year’s race will increase to a total of €250,000 ($266,100).

“We are both proud and excited to be able to associate the Coral name with such a prestigious Irish jump race, and we are looking forward to working with the Punchestown team to promote this year’s contest, and those in years to come,” Coral’s PR director Simon Clare said.

Janet Creighton, head of sponsorship at Punchestown, added: “Coral first sampled the sponsorship experience at Punchestown on the final day of the 2016 festival and have returned this year as title sponsors at one of the most prestigious fixtures on the Irish sporting calendar.

“I certainly think that shows their commitment to Punchestown and indeed to Irish racing.”

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