London: Qatar`s hold over British racing tightened further on Monday as it was announced they had signed a 10-year deal to sponsor Goodwood, one of England`s most historic racecourses.
The picturesque course, in Sussex in southern England, will see its most prestigious meeting, the Glorious Goodwood Festival (July 28 to August 1), be renamed the Qatar Goodwood Festival.
It is the most lucrative deal of its kind in the history of British racing.
The agreement will see more than £2 million ($3.1 million) invested in eight major races, while annual prize money will increase.
"Our partnership with Qatar will make an enormous contribution to horseracing in the UK," said course owner Lord March.
Hamad Al Attiyah, president of the Qatar Equestrian Federation, said: "The sponsorship demonstrates Qatar`s further commitment to British racing.
"With such huge prize-money on offer, we hope it will help to attract international runners from all over the world as well as continuing to see the best in Britain, France and Ireland."
Top races that will see an injection of cash include the Sussex Stakes -- which the legendary unbeaten Frankel won twice -- with a total prize fund of £1m, and the Nassau Stakes for fillies which will now be worth £600,000.