King George VI And Queen Elizabeth Stakes
Ascot - 25th July 2026
“When I wrote a preview of this race for TPD, I highlighted that we had several of the World’s best racehorses all in one place. I was slightly dismissive of Kalpana and for that I feel I should apologise. She has reversed the 2025 form and done so with something in hand. This race was won by one of the World’s best racehorses and Kalpana has now earned her place in those conversations after this performance”.
This race had the potential to be one of the best races of the season and so it proved, but it also might have told us that the 2025 renewal of the King George VI and Queen Elizabeth Stakes was a special race too. For the second year in a row, Kalpana and Calandagan fought out a superb finish in the Ascot sunshine, but this time it was Andrew Balding’s filly who took her revenge on the French superstar and there is no reason to doubt this form from the data collected by TPD.


Let’s start with some of the basic facts. A winning time of 2:27.72 was 2s faster than last year’s race and 0.55s quicker than the TPD expected time figure for a Group 1 race on Good to Firm ground over this course and distance. As a winning time in isolation, it ranked 4th in the last 10 years, with Goliath (2024), Adayar (2021) and Poet’s Word (2018) the winners too have gone faster. However, the first point we can make is that Kalpana has improved her time by 2.19s over the last 12 months and under a brilliant ride from Colin Keane, she found plenty when it mattered in the closing stages. Sat behind the pace setting trio from Ballydoyle, she was ideally placed to ensure that she had the first run on her main market rivals. Given that her average stride length of 23.52 ft was over a foot shorter than Calandagan’s (24.71 ft) and more than two feet shorter than Benvenuto Cellini’s (25.78 ft) that seemed like a very sound strategy. With an advantage of 0.34s over the runner-up at halfway, she traveled nicely into the home straight and when the race began to develop, she found plenty for Colin Keane to record the fastest final 2 furlong splits in the field in 11.98 and 12.69s. Over the final 6 furlongs of the race, Calandagan was only 0.08s quicker than Kalpana on the clock, compared to the 0.41s that he made up on her in the 2025 race. Her form figures at Ascot over this distance now read as 312121 and I have no doubt that this was a career best performance from Andrew Balding’s daughter of Study of Man. She recorded a finishing speed of 107% in last year’s race and the smaller field and sprint finish on that occasion clearly played into the hands of Mickael Barzalona aboard Calandagan, who has the much higher top speed figures on his résumé. This year, with Aidan O’Brien’s older horses setting a faster early pace, presumably with the intention of stretching Calandagan’s stamina to reduce his finishing kick, Kalpana was seen to best effect and a finishing speed of 100.7% in a race run at a more even gallop suited her perfectly.
Andrew Balding’s post-race comments to Sky Sports Racing that “Anything is possible moving forwards and we’ll discuss it. The Arc didn’t work out last year because of the draw and that is a danger again, but anything is possible and she’s thriving on her racing, so you couldn’t even rule out the Yorkshire Oaks, she’s right at the top of her game” would look to point to the fact that she will have further top level assignments in the weeks and months ahead. Given that she has beaten the 130-rated Calandagan by over a length and he in turn was running the fastest time figure that he has ever run at Ascot, she’s going to be very hard to oppose wherever she goes. Colin Keane is learning about her all the time and delivered her to perfection on Saturday having waited slightly longer than he had in the Hardwicke Stakes to play his hand. She clearly stays well and her stride frequency figure fell by less than 3% in the final furlong after peaking with a quarter of a mile to run at 2.43 strides per second. She has had a couple of defeats in races where the pace has been sedate for the first mile and that may be the only chink in her armour, but as Kalpana proved on Saturday, in a truly run race over 12 furlongs, she is very very good and she has now safely dispelled any thoughts that she was better on a softer surface. When I wrote a preview of this race for TPD, I highlighted that we had several of the World’s best racehorses all in one place. I was slightly dismissive of Kalpana and for that I feel I should apologise. She has reversed the 2025 form and done so with something in hand. This race was won by one of the World’s best racehorses and Kalpana has now earned her place in those conversations after this performance.


If you have read any of the content that I have written for Total Performance Data on the subject of Calandagan in the last 2 years, you will be fully aware of my admiration for Francis-Henri Graffard’s 5-year-old. Whilst it was disappointing to see him beaten this year, I don’t think that disappointment should last too long and he has run to an almost identical level to that which he achieved 12-months ago. A final time that was 1.76s faster than last year was not enough, but he still battled extremely well in a race where the early tactics were clearly designed to work against him. He was the fastest horse in the field for furlongs 5, 8 and 10 and did make up a small amount on Kalpana over the final 6 furlongs as a whole, but what we learned about Calandagan on Saturday was that his stamina is at its absolute limit over this distance when the early pace is a fast one. In the 2025 renewal, he reached the halfway point in 77.91s and recorded a finishing speed of 109%. This year, he took 75.20s to reach halfway (2.71s quicker) and recorded a finishing speed of 101%, which was still the best figure in the field, but it did show his limitations at the 12 furlong distance and a run-out speed that was 2 mph slower than 2025 confirmed the view that the petrol gauge was on the red line in the final few strides. He is one of my equine heroes and if we take Kalpana out of the race, he has given 11 lbs and a head start to the Irish Derby winner and still beaten him. However, if Kalpana thrives in a strongly run race over this distance, Calandagan just gets away with it and I’d be more keen on a return to 10 furlongs or a flatter track for him next time. It sounds as if a return to Tokyo and a bid to retain his Japan Cup Crown is the only aim for the remainder of his season and in that endeavour I wish his connections all the luck in the World, but for the first time, a real vulnerability has been exposed and if he lines up over 12 furlongs at Ascot again, I will be exercising some caution.
I will finish with a small note on Benvenuto Cellini. He is a huge son of Frankel and on his first try against the older horses, I thought he emerged with enormous credit. At an average of 25.78 ft, he had the longest stride length figure in the field, by over a foot I might add and having looked back at the races run on the round course at Ascot in the last 5 years, I couldn’t find a horse who has recorded a longer average stride length than Benvenuto Cellini. His average stride length was 1.7 ft longer than the average for a winner over this course and distance and with that in mind, I think he did remarkably well to get as close as he did in the closing stages. Rallying at the finish, he recorded a quicker run-out speed than the older horses that finished ahead of him and lost very little in defeat as a result, even if the weight for age allowance does need to be taken into account. On a track with a longer home straight, I think he may well prove to be even better and over the 12 furlong trip, he is the best of the 3-year-old crop.
The day belonged to Andrew Balding, Colin Keane, Juddmonte and of course, Kalpana. She was exceptional. She had to be in order to win one of the best races run on the turf in 2026 and our data more than confirms that opinion. Most of all, the day belonged to racing fans, who were delivered the winning performance that the King George VI and Queen Elizabeth Stakes had promised in the build up at Ascot.