The prizemoney for the Inglis Scone Guineas has the potential to reach $1 million, said Scone Race Club treasurer Noel Leckie.

Mr Leckie said the inaugural Guineas would be run next year and would be the culmination of a series of races put on by Inglis.

"Inglis is putting up $2.5 million worth of prizemoney and sponsorship," Mr Leckie said.

"Half of that goes to restricted races, the other half are bonuses that go into random races throughout the year. That money is only won if the race winner is a horse sold by Inglis and the purchaser has paid a $1000 race entry fee."

He said the inaugural Inglis Scone Guineas was already worth $500,000 as a result of the random race pool.

Donna Sharpe