The cup was a 2025-metre race until 2021, when it was cut to 1600 metres and its prize money raised to $500,000; King Magnus won the first running at the new distance. Cranbourne is about 50 kilometres south-east of Melbourne.
The 2004 winner, On A Jeune, ran second to Makybe Diva in the following year's Melbourne Cup. Sabaj won in 2025.


