Please select your home edition
Edition
RS Sailing 728x90

America's Cup- Ainslie claims significant progress with British team

by Sail-World on 10 Jan 2014
America’s Cup Day 8 San Francisco. Oracle Team USA tactician Ben Ainslie at the Day 8 Media Conference Richard Gladwell www.photosport.co.nz

Sir Ben Ainslie has revealed that his drive to win the America's Cup with a British team for the first time in the trophy's 163-year history is 'in a good place' and that he has made significant progress towards raising the $US100m (£60.8m) required to try.

The four-times Olympic gold medallist said a final decision would be made in the spring, once the rules had been published.

Ainslie, currently one of the feature points at the London Boat Show, announced that his JP Morgan-sponsored Ben Ainslie Racing Team would compete in the Extreme Sailing Series in 2014 with a crew that includes the Olympic gold medallists Paul Goodison and Pippa Wilson, said he had made good progress on securing backing from private individuals.

Former Team Origin backers Sir Keith Mills and Charles Dunstone, involved in the previously failed bid to launch a British America's Cup team, are among those involved as well as 'two or three' other private investors. Ainslie hopes to raise around half of the $100m required from private backers, with the rest from commercial sponsorship. 'There's no fixed date for the publication of the rules but we expect some rough drafts in the next month or so and for that to be made public in the spring,' he said.

Under the historic 'Deed of Gift', the winner chooses the next venue, the remainder of the details are negotiated with the Challenger of Record, Hamilton Island Yacht Club. Mills pulled the plug on Team Origin after the last protocol was announced - largely believed to be a result of the conflict with the London Olympics in 2012 and the split effort that would cause with going to a wing sailed multihull for the 2013 America's Cup. Sadly that move broke up the opportunity for a united British effort in the 35th America's Cup, with Gold medalist Iain Percy (GBR) signing with Artemis Racing (SWE) and now heads that team.

'So long as that's realistic, and there's no nasty surprises in there, then we'll push ahead. We expect the budget to be somewhere in the region of $100m, we're realistic about that,' Ainslie remarked.

He said he was also 'starting to pull the right sailors and designers together' and that the Extreme Sailing series of 'short, sharp' races around the world would help develop his thoughts about the right alchemy of skills and personalities required.

But Ainslie said a British bid for the 35th America's Cup, likely to take place in San Francisco in 2017, would have been impossible without the boost in profile afforded the sport by his part in Team Oracle's dramatic 8-7 victory last year.

'Realistically, we wouldn't be able to get to where we are now – we still have a way to go but we've had a huge amount of support – if the Cup hadn't been the success it was,' he told the Guardian, recalling how he had 'no idea' in the US how keenly the race was being followed back home.

For the rest of this story http://www.theguardian.com/sport/2014/jan/08/ben-ainslie-americas-cup!click_here

PredictWind.comProtector - 660 x 82North Technology - Southern Spars

Related Articles

America's Cup - Artemis Racing's Iain Percy reflects on Bermuda
'Such an amazing journey Artemis Racing has had here in Bermuda'. 'Such an amazing journey Artemis Racing has had here in Bermuda'. Artemis Racing's Team Manager, Iain Percy, offers a heartfelt thank you to everyone who has been involved in or supported our challenge for the 35th America's Cup.
Posted on 27 Jul
America's Cup - Top 10 Moments in Bermuda - Artemis Racing + Video
Nathan Outteridge takes us through the Swedish Team's top ten moments in the 35th America's Cup Artemis Racing skipper, Nathan Outteridge takes us through the Swedish Team's top ten moments in the 35th America's Cup sailed on the Great Sound, Bermuda. Must see for all Cup fans
Posted on 25 Jul
America's Cup - Doing the testing hard yards at home
Here is a look back at the America's Cup winners going through their routines. Long before being in the spot light of the America's Cup in Bermuda, the most important testing and development that would set the foundation for Emirates Team New Zealand victory was done in long hours on the water of Auckland's Hauraki Gulf. Here is a look back at the America's Cup winners going through their routines.
Posted on 25 Jul
Announcement on the 36th America's Cup
The Royal New Zealand Yacht Squadron and Circolo della Vela Sicilia as the Challenger of Record The Royal New Zealand Yacht Squadron and Circolo della Vela Sicilia as the Challenger of Record, together with their respective representative teams Emirates Team New Zealand and Luna Rossa Challenge, are pleased to announce that the Protocol establishing the parameters for the 36th America's Cup will be released in September 2017.
Posted on 19 Jul
RC44 crews cross fingers for a single-hulled 36th America's Cup
Sailing alongside the owner-drivers in the RC44 class are many crew who have competed in past America's Cups. In the interests of equality, we polled two Italian tacticians and two New Zealand ones to get their views on what might happen and what should happen in this next chapter in America's Cup history.
Posted on 13 Jul
America’s Cup – How to fix the world's most prestigious sailing race
This was not your father’s America’s Cup—the boats were 50-foot dragonflies skeeting across the water on hydrofoils Well, that was quick! The 35th America’s Cup was over in a heartbeat. It took barely a month for Emirates Team New Zealand to buzzsaw through a fleet of four challengers before shellacking the U.S. defender, Oracle Team USA, 7-1, to snatch yachting’s oldest prize.
Posted on 11 Jul
America's Cup - Emirates Team NZ's final week in Bermuda + Video
Two new videos from Jason Smith from the final week of the 35th America's Cup Two new videos from Jason Smith from the final week of the 35th America's Cup and shot at the America's Cup Village and Emirates Team New Zealand's base.
Posted on 5 Jul
America's Cup - Emirates Team NZ stops over in Dubai + Video
Carlo Borlenghi captures Emirates Team NZ's stop-over in Dubai with the America's Cup The new America's Cup champions, Emirates Team New Zealand, have gone the long way home from Bermuda - stopping off in Dubai, home of their naming sponsor, Emirates Airlines who has backed the team in the 2007, 2013 and 2017 America's Cup campaigns.
Posted on 4 Jul
Impact of America’s Cup to be tallied
PricewaterhouseCoopers has been hired by the ACBDA to conduct an independent study for completion by October With the conclusion of the 35th America’s Cup, an independent assessment has been commissioned to determine its economic impact on Bermuda. PricewaterhouseCoopers has been hired by the ACBDA to conduct an independent study for completion by October, according to Grant Gibbons, the Minister of Economic Development.
Posted on 3 Jul
America's Cup - Kiwi Government tips initial $5million into Cup champs
New Zealand Government will make an initial investment of $5million (USD 3.65million) into Emirates Team New Zealand The New Zealand Prime Minister, Bill English, has announced that the New Zealand Government will make an initial investment of $5million (USD 3.65million) into America's Cup champions, Emirates Team New Zealand. As with the investment of the same amount, at the same stage of the 2017 campaign, the funding is labelled as being required to 'retain key staff'.
Posted on 3 Jul