Please select your home edition
Edition
Mariners Museum 728x90

America's Cup- Second challenger withdraws, leaves substantial debt

by Richard Gladwell on 18 Apr 2012
Green Comm Racing (left) straddles Artemis Racing before the start of the final race of the America’s Cup World series, Plymouth causing damage to the Swedish entry assessed at E100,000 ACEA - Photo Gilles Martin-Raget http://photo.americascup.com/

A second challenger for the 34th America's Cup, Green Comm, based in Spain, has announced it has withdrawn from the 34th America's Cup.

A spokesman for the team had previously stated that the team was 200% sure of having the necessary funding to continue through the America's Cup World Series and go onto the Regatta itself.

A statement posted on the leading European website vsail.info says:

In December of 2011 Green Comm reached collaboration agreements with the Regional Government of Lombardy (Italy) and the Circolo de Vela Gargnano that seemed to have secured the necessary funding to complete the participation of the syndicate, not only in the 2012 events but also in the Louis Vuitton Cup in 2013 with the AC72?s.

The Real Club Náutico de Valencia has been watching the development of this agreement, vital for the continuation of the campaign in 2012. Unfortunately, these expectations have not been fulfilled and given the enormous difficulty in securing other sponsorship that would allow to keep a challenge with the required rigor and dignity and given the current economic climate, on April the fifth the Real Club Náutico de Valencia informed Golden Gate Yacht Club that it relinquished the challenge presented in February of 2011, resignation that was accepted on April 10th, 2012.


It would seem that the team had not paid an assessment of damages made by the International Jury to America's Cup Regatta Management and payable by the Spanish challenger of 80,000Euros following damage to Aleph and Artemis Racing during an ACWS event.

As repairer of both boats, ACRM assumed recovery of the debt.

The http://noticeboard.americascup.com/wp-content/uploads/2011/08/JN038.pdf!Americas_Cup_Jury_Notice sets out the chain of events leading right to the end of March, at which point the Int Jury received a note from Manuel Pons, the President of Real Club Nautico de Valencia, who said they were unaware of the award of damages against their team.

[Sorry, this content could not be displayed]It transpired that while the team had registered an email address when lodging its Challenge but claims that it had not accessed the email address: The RCNV now understands that the communications from the Jury have been properly addressed to the stipulated addresses for service of the Jury. We do not dispute that fact, but at the same time we do desire to bring to the attention of the Jury, that the RCNV had no news, notifications or knowledge, of this procedure and that the e-mail address submitted in our notice of Challenge, for the RCNV, was never used. said Pons in a further note to the International Jury.

The matter had been placed under confidentiality by the Int Jury for some time.

A final deadline for payment of the funds was set for 9 April 2012. On 10 April 2012, the Int Jury says it received advice from the America's Cup Trustee (Golden Gate YC) that Green Comm that it had withdrawn from the 34th America's Cup and America's Cup World Series. Previously the team was threatened with Disqualification from the events by the International Jury on 10 April, if it did not settle with ACRM or it had not already withdrawn.

The Club elected to jump rather than being pushed and withdrew from the 34th America's Cup.

The Int Jury responded by awarding a further amount of almost 9,000Euros against the team meaning that ACRM is owed close to 90,000Euros. Under the America's Cup Protocol while the teams are seen by fans as the Entry it in fact the Clubs who have the formal undertaking and lodge the Challenge for the America's Cup. The implication being that if a team withdraws or has debt with the Event organisers, then it is the Club that is liable, in the first instance, who must then have recourse to its team.

The withdrawal of Green Comm reduces the America's Cup World Series to eight teams, including the Oracle Racing bankrolled Ben Ainslie Racing which will not join the circuit until September 2012.

There are just four teams, being three Challengers and one Defender entered for the 34th America's Cup for which entries close in just over five weeks time on 1 June 2012. If the entry numbers remain at that level it will be the lowest entry Louis Vuitton Cup since 1983 when seven Challengers competed in the Challenger Selection Series.
Protector - 660 x 82Insun - AC ProgramKZRaceFurlers

Related Articles

An interview with Patrick Kennedy about the Ida Lewis Distance Race
I interviewed Patrick Kennedy, chair of the 2017 ILDR, via email to learn more about the race’s history and evolution. With this year’s Ida Lewis Distance Race set to unfurl the weekend of August 18-20, I caught up with Patrick Kennedy, chair of the 2017 ILDR, via email to learn more about the race’s history and evolution, its challenges, and the event’s new partnership with the 2017 J/Fest New England.
Posted on 14 Aug
An interview with Marianne Davis about the CORK International Regatta
I interviewed Marianne Davis, co-chair of the CORK International Regatta, to learn about the regatta’s state of affairs. While the various CORK regattas' registration lists include international sailors, these events are some of the gemstones in Sail Canada’s yearly championship calendar, making them of extra importance to Canadian sailors. I recently caught up with Marianne Davis, co-chair of the 2017 event, via email, to learn more about the CORK International Regatta’s evolution and its current state of affairs.
Posted on 7 Aug
A Q&A with the RORC’s Nick Elliott about the 2017 Rolex Fastnet Race
I caught up with Nick Elliott, RORC Racing Manager, via email, to learn more about the world-famous Rolex Fastnet Race. When one stops to consider the world’s best ocean races, the Royal Offshore Racing Club’s Rolex Fastnet Race, which starts on Sunday, August 6, 2017, is never far from mind. I caught up with Nick Elliott, RORC Racing Manager, via email to learn more about the race’s history and evolution, its challenges, and the amount of work that goes into pulling off this world-famous regatta.
Posted on 1 Aug
Ian Walker - Musto Ambassador on the Volvo Ocean Race, America's Cup
Ian Walker on his Volvo Ocean Race win, why food and clothing are so important offshore, his views on the America's Cup We speak to Musto ambassador Ian Walker about his Volvo Ocean Race win, why food and clothing are so important offshore, his views on the America's Cup, his new desk job, sailing for fun, and 20 years of the John Merricks Sailing Trust.
Posted on 23 Jul
Black Jack Yachting. Bigger boat. Bigger team. Even bigger performance
Throughout the iterations of maxis called Black Jack, a strong, consistent and talented team has been their focus Throughout the iterations of maxis called Black Jack, a strong, consistent and talented team has been their focus. Some were sail makers, like Skipper Mark Bradford and also Vaughan Prentice from North Sails’ Brisbane loft. Others were riggers, such as Bruce Clarke, and there are even boat builders, like Gary van Lunteren, as well as Ash Deeks.
Posted on 20 Jul
A Q&A with Tom Trujillo about the Transpacific Race’s 49th running
Sail-World interviewed Tom Trujillo, the Transpac Race’s PRO, via email to learn more about this classic bluewater race. The Transpac Race (est 1906) is in a rarefied group of four races that are considered sailing’s greatest bluewater Corinthian challenges, and it welcomes a wildly diverse fleet of bluewater-worthy boats. The 49th running of this classic race is currently underway, so Sail-World caught up with Tom Trujillo, the race’s principal race officer, via email to learn more.
Posted on 7 Jul
Gladwell's Line - America's Cup returns to its new home and thinking
Emirates Team New Zealand's win in the 35th America's Cup ends 17-years of wandering in the AC wilderness Emirates Team New Zealand's win in the 35th America's Cup ends 17-years of wandering in the AC wilderness and will open a new era of America's Cup, New Zealand and World Sailing. A rookie crew won the most prestigious trophy in sailing, and one of the most difficult to win in any sport.
Posted on 29 Jun
SuperFoilers Are Go!
SuperFoilers represent many things. Whilst those components are disparate and virtually from different planets SuperFoilers represent many things. Whilst those components are disparate and virtually from different planets in the great scheme of things, they come together in the one form as harmoniously as a Rolls Royce, and also deliver intense energy way past the sum of their parts, just like some amazing band.
Posted on 28 Jun
A Q&A with Kimball Livingston about San Francisco high school sailing
I emailed with my friend and colleague Kimball Livingtston to learn about San Francisco’s latest sailing revolution. I started hearing whispers of shifts in the San Francisco Bay high school sailing scene a couple of months ago. A few inquiries led me to my good friend and colleague Kimball Livingston, a world-class sailor, scribe, and StFYC staff commodore who isn’t one to keep his seaboots dry when the topic turns to opportunities for the next sailing generation. I caught up with KL via email to learn more.
Posted on 13 Jun
A Q&A with Andrew Howe about winning the 2015 Marion to Bermuda Race
I interviewed Andrew Howe, the 2015 Marion to Bermuda Race’s winning co-navigator, to learn more about their race. In 2015, skipper Greg Marston and the crew of Ti, a 1967 Alden Mistral, racing under celestial rules, were the overall winners of the Marion Bermuda Race Founders Division, beating boats that were enjoying GPS accuracy. On the eve of the 2017 edition of the race, I reached out to Andrew Howe, the team’s co-navigator, to gain perspective on this impressive win and hear about his 2017 plans.
Posted on 7 Jun