The Winter Derby was established, as a conditions stakes race, in 1998, but was promoted to Listed status the following year and, again, to Group 3 status in 2006, such that it is now the first Group race in the British Flat racing calendar and one of just four run on synthetic surfaces. The 2023 winner, Lord North, who justified odds-on favouritism with a ready, 3¼-length win, was the highest-rated horse ever to compete in the Winter Derby. Unsurprisingly, though, his winning prize money, of £56,710, was just a fraction of the £885,781 taken home by the Derby winner, Auguste Rodin.
The inuaugural winner of the Winter Derby was the four-year-old Running Stag, trained by Philip Mitchell, in Epsom, and ridden by Ray Cochrane. The son of Breeders' Cup Mile winner Cozzene won comfortably, by 3½ lengths, from Refuse To Lose and Mitchell later reflected on his success, saying, 'That was a serious coup. He was a Group horse racing against good handicappers.' Later that season, Running Stag competed in Germany, France and the United States, finishing seventh in the Breeders' Cup Classic at Churchill Downs.
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