The Shergar Cup is an annual horse racing event held at Ascot Racecourse, usually during early August. The race is named in honour of Shergar, the horse that won the 1981 Derby, and was originally sponsored by Shergar's owner, the Aga Khan. The event is currently sponsored by Dubai Duty Free.The event was first held in 1999 at Goodwood Racecourse, but has been held at Ascot since 2000 (except in 2005, when Ascot was closed so the grandstand could be redeveloped).