Iroquois Stakes (Churchill Downs) Iroquois Stakes (Churchill Downs) The Iroquois Stakes is an American Thoroughbred horse race which is the first graded stakes race for Thoroughbred horses on opening day at the Churchill Downs Fall Meet. This first day every fall is devoted entirely to two-year-old racing. The race is a Road to the Kentucky Derby Prep Season qualifying race. The winner receives 10 points toward qualifying for the Kentucky Derby. Prior to 2013 the race was run over at one mile on the dirt track, and open to juveniles only. The Grade III Iroquois currently offers a purse of $150,000. Since 2013, the
Churchill Downs The new ownership would soon institute many changes, such as commissioning the famous twin spire grandstand in 1895, shortening the length of the signature race to its modern in 1896, and adorning the winner of the Derby with a garland of roses, a tradition that also began in 1896. In early 1902, Applegate, who had made his fortune as a bookmaker, turned over the day-to-day operation of the track to Charles F. Grainger, then the mayor of Louisville, in an effort to move Churchill Downs away from being primarily known for gambling. Among the new people Applegate brought on board