sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : America's Cup: Dalton reports good progress with sponsors + Full Video
America's Cup: Dalton reports good progress with sponsors + Full Video

'Emirates Team NZ AC72 first rigging - Viaduct Habour, Auckland, New Zealand'    © Richard Gladwell    Click Here to view large photo

Emirates Team New Zealand CEO Grant Dalton reported that good progress had been made with sponsors, and that many of the other barriers in the way of a campaign for the 35th America's Cup had been marginalised.

Addressing a media conference in Auckland, held on Black Friday, at the team's Viaduct Harbour base, Dalton said the team had delivered on the Government's requirements as a precursor to committing to a sponsorship package of a similar magnitude to its investment in the 2013 America's Cup.

In just over 10 days since the receipt of the Protocol for the 35th America's Cup, the team has advanced proposals with a new sponsor, believed to be a major NZ bank. They have also been to other approaches made to private sponsors, along with the team's existing sponsor group.

Emirates Team NZ’s Managing Director, Grant Dalton -  © Richard Gladwell   Click Here to view large photo
The requirement for $3million in entry fees and performance bonds came as a surprise to the team, which had been expected to about about $1million - given that for the 34th America's Cup the same costs were closer to $5million and were later shaved to $100,000.

Dalton opened the media session with a comment that most present probably expected a spray in the direction of Oracle Team USA skipper, who launched another media attack on the New Zealand team and its management on Thursday.

But the Team New Zealand response was moderate and positive toward the Protocol which was reported to have been labelled 'naked dictatorship' by the Italian America's Cup team.

In reality there had been little change in the team's previously announced financial position - that the current cash lines would be exhausted by the end of June, and that new avenues were required.

However for a team that is short of cash, there is a full competitive program underway with Peter Burling stepping off an ocean racer, and leading a crew in the next round of the Extreme Sailing Series. The team's skipper, Dean Barker along with Ray Davies and Glenn Ashby are off to compete in the A-class catamarans.

In the course, of the 40 minute media conference where the general media focused on the money, while the sailing media were more interested in the Protocol, Dalton thought the terms of the next America's Cup were quite workable, given that it was early days with the Protocol.

The team accepted the loss of San Francisco as a venue, but were happy with either San Diego or Chicago. Bermuda was not a preference for the team.

He was surprised to hear Oracle skipper Jimmy Spithill say that the Challengers were offered a second AC62, but declined. When questioned whether the team would push for a second boat for each of the Challengers, saying that they were probably more interested in a training partnership at the regatta or qualifier venue with another Challenger.

But he skipped over the fact that such an arrangement would be could subject to performance data and design swapping as occurred with the 34th America's Cup.

In terms of where Team New Zealand stood in regard to the US Defender, he noted that before embarking on the last America's Cup program none of the team had ever seen a wingsail, yet Oracle Team USA were embarking on their second wingsail multihulled campaign.



One of the criticisms of the Team in the past campaign was the belief that the management and Board of the team were a closed shop. In response to questioning on the relationship with the new Board, Dalton seemed to be very relaxed and confident that good progress was being made. The senior management of the team were meeting weekly with the Board. They also had an ongoing dialogue with the NZ Government.

In fact the only group they did not seem to be on speaking terms with, is the Defender Oracle Team USA, who Dalton said they had not had any direct communication. Discussions with the Challenger of Record, had lapsed a few months ago.


by Richard Gladwell


  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=123268

4:57 AM Fri 13 Jun 2014GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on
2016-2017 America's Cup

Related News Stories:

25 Jun 2014  America's Cup: Emirates Team NZ confident to mount Cup Challenge
25 Jun 2014  America's Cup: Artemis Racing expresses concern over Protocol aspects
23 Jun 2014  America's Cup: Butterworth - 'I just thought that I could help.'
22 Jun 2014  America's Cup: Coutts takes media to task over Protocol inaccuracies
21 Jun 2014  America's Cup: Director and backer says that Team NZ have the funds
19 Jun 2014  America's Cup: Barker and Burling to compete in different multihulls
19 Jun 2014  America's Cup: Coutts repeats offer of second AC62 for Challengers
18 Jun 2014  America's Cup: Emirates confirm discussions over Team NZ naming rights
17 Jun 2014  America's Cup: Can the Venue be other than the waters of the Defender?
17 Jun 2014  Gladwell's Line: Media crunch in the America's Cup
MORE STORIES ...






News - USA and the World





















Express 27 National Championship overall + Video by Erik Simonson, Pressure-Drop.US,














America's Cup: Louis Vuitton Cup's Yves Carcelle dies at 66 *Feature by Richard Gladwell/Sail-World.com/nz,












Audi Melges 20 World Championship - ‘Samba Pa Ti’ crowned champion by International Audi Melges 20 Class Association,










Audi Melges 20 World Championship - Final race to decide champion by International Audi Melges 20 Class Association,










Fort Lauderdale International Boat Show - 13 things to See and do
Ronstan Bridge to Bridge 2014 - Images by Erik Simonson
Volvo Ocean Race: Update from Team Vestas Wind in images
ISAF Sailing World Cup Melbourne - Australian Sailing Team signs up
2014 18' Skiff International Regatta - Day 3
America's Cup: Oracle Team USA sailors place on world regatta circuits
Audi Melges 20 World Championship - Classic Garda conditions on day 2
PWA Alacati World Cup - Intense competition on day 3
America's Cup: 'The Doc' appointed as Commercial Commissioner
Wake Park Triple Crown - Registration open for final stop
Audi Melges 20 World Championship - Day 2 images by Stefano Gattini
Volvo Ocean Race - Two more join Dongfeng Race Team
OHPRI Teen Summer Camps make a splash
East to West: A profile of Volvo Ocean Race crew Team Dongfeng
Extreme Sailing Series - First-ever Turkish team to race in Istanbul
Audi Melges 20 World Championship - Race 4 images by Max Ranchi
New Around Britain and Ireland Monohull 40ft and less world record
Detroit Cup - Fifth place finish a difficult result for Neptune Racing
Audi Melges 20 World Championship - Alessandro Rombelli's 'STIG' leads
Volvo Ocean Race: Call of Duty comes first for Team Alvimedica
Audi Melges 20 World Championship - Day 1 images by Stefano Gattini   
Helping boaters understand weather basics   
PWA Alacati World Cup - Exciting finish on day 2   
Match 40s find the surface again + Video   
Audi Melges 20 World Championship - Day 1 images by Max Ranchi   
Clagett Regatta names first Executive Director   
Transatlantic Race - Fleet expanded for 2015 edition   
IFDS World Championship overall   
Anna Tunnicliffe: Alinghi finishes second - Extreme Sailing Series   
2014 18' Skiff International Regatta - Day 2   
2014 Audi Melges 20 World Championship - It's go time in Garda   
2nd Annual Keith Dinsmoor Regatta September 13-14   
Aldo Alessio Regatta - Three days of tight racing   
PWA Alacati World Cup - First blood to Van Der Steen and Offringa   
Oakcliff Sailing hosts the Nacra 17, 49er and 49erFX Nationals + Video   
International 18ft Skiff Regatta underway on San Francisco Bay   
Maxi Yacht Rolex Cup 2014 - Quality fleet for Maxi Classic   
Sailing Champions League - which is Europe's best sailing club?   
Weta fun at the Wine & Roses Regatta   
Extreme Sailing Series: The Wave, Muscat claims victory on Cardiff Bay   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW US
LocalAds   DE  ES  FR  IT