Going cheap - Green Dragon VO70. One race only

Green Dragon. New paint job, and now new owner wanted.

The Green Dragon, Ireland’s entry in the Volvo Ocean Race (VOR), is up for sale at €2.5 million – half the €5 million build price – and will be available immediately after the race ends in mid-June.

Built in China by McConaghy's, to an American design and racing under a British skipper, the Green Dragon is a central part of next month’s State-backed, Galway VOR Stopover – a two-week festival of sailing costing €20 million that aims to bring in €43 million in tourism revenue.

According to the team’s chief executive, Jamie Boag, the decision to put Green Dragon up for sale before the race ends is 'aimed at generating sales interest while the boat is still competing round the world'.

Yacht brokers Thoroughbred Yacht Sales, who are handling the sale in the US, said: 'It comes with everything needed to race around the world or do corporate sponsorship packages for the next edition of the Volvo Ocean Race.'

The boat is also for sale through yacht brokers Peter Morton in Britain, who describe its location as 'en route to Russia'.

full story: www.irishtimes.com