Please select your home edition
Edition
PredictWind.com 2014

America's Cup- Emirates Team NZ comments on funds injection

by Emirates Team NZ Media on 21 Oct 2013
Oracle Team USA vs Emirates Team New Zealand, Race Day 15 © ACEA / Ricardo Pinto http://photo.americascup.com/

Emirates Team New Zealand today welcomed an interim Government investment of $5 million towards the team’s challenge for the 35th America’s Cup.

Economic Development Minister Steven Joyce said the bridging funding would enable the team to retain designers, sailors, support crew and administration for the next challenge.

Managing director Grant Dalton said the team was working on the challenge almost from the last race day in San Francisco. 'The extent of the enthusiastic reception when we arrived back in New Zealand was both unexpected and encouraging and an incentive to challenge again.

'We have been talking informally to existing and potential sponsors. We will begin to develop a business plan and sponsorship proposals so that we can start calling on them from next month.'

He said the team, and sponsors, looked forward to the announcement of the rules for the 35th America’s Cup early in the New Year.

'Decisions by Oracle on venue, dates and class of yacht are fundamental to the way ahead.'

Wildwind 2016 660x82Mackay BoatsNaiad/Oracle Supplier

Related Articles

America's Cup - Softbank Team Japan on 125 day countdown to Qualifiers
In 125 days, SoftBank Team Japan will take on Artemis Racing in their first race of the America’s Cup Qualifiers The year is here. In 125 days, SoftBank Team Japan will take on Artemis Racing in their first race of the America’s Cup Qualifiers not only marking the culmination of their campaign, but the end of more than a decade of drought since Japan has challenged for the Auld Mug.
Posted on 23 Jan
America's Cup - Tech Tuesday - Philippe Presti on being a super-coach
Philippe Presti – an Olympian and world class match racer in his own right – is the OTUSA sailing team coach Oracle Team USA USA skipper Jimmy Spithill and coach Philippe Presti have a relationship that dates back to when both were competing on the match racing circuit in the early 2000s. Presti – an Olympian and world class match racer in his own right – is the sailing team coach, but certainly his role is much deeper than that.
Posted on 23 Jan
America's Cup - Oracle Team USA reports on Day 1 of Practice Racing
Oracle Team USA sailing team manager and tactician Tom Slingsby called day one of practice racing a success. Oracle Team USA sailing team manager and tactician Tom Slingsby has called Day 1 of practice racing a success. Although the team had split results in its three races, Slingsby says the learnings were big. 'Today was one of the shiftiest wind directions, blowing at about 14 to 17 knots, so it was a very tough day for the grinders.'
Posted on 23 Jan
America's Cup - Two week practice racing period begins in Bermuda
The four Bermuda-based teams are now a few days in to a two-week practice race period Oracle Team USA skipper Jimmy Spithill says one of the big benefits of the current practice race period is in switching from the fleet racing of the Louis Vuitton America’s Cup World Series to the one on one match racing that will be the hallmark of the 2017 competition.
Posted on 22 Jan
America's Cup - Stadium sell out for final weekend of the Match
ACEA says tickets for Grandstand seating and for all official Spectator Boats have sold out for the 24th and 25th June, Tickets for the 35th America’s Cup, taking place in Bermuda from 26th May until 27th June 2017, went on sale in mid-December via www.americascup.com/tickets and demand has been very high since that announcement. Today the America’s Cup Event Authority has announced that tickets for Grandstand seating and for all official Spectator Boats have sold out for the 24th and 25th June, the final weeke
Posted on 22 Jan
America's Cup - Teams participate in organised racing in Bermuda
The four America’s Cup teams based in Bermuda began a “formal-informal” practice race period last Friday The four America’s Cup teams based in Bermuda will begin a “formal-informal” practice race period today, with the America’s Cup Race Management (ACRM) team on island to conduct the racing. Iain Murray, the Regatta Director, has come out before to set up the race courses, continue to learn more about the venue and the weather, and conduct racing that gives the teams an opportunity to line up ag
Posted on 22 Jan
America's Cup - First look at Groupama Team France's AC50 assembly
Groupama Team France has taken delivery of their AC50 hulls built in part in Switzerland by Décision. Groupama Team France has taken delivery of their AC50 hulls built in part in Switzerland by Décision. They have been at the Multiplast-Groupe Carboman facility to be assembled with the parts already built - being the pod and the beams. The team says via social media is to have stopped sailing their AC45S on December 18
Posted on 22 Jan
America's Cup - Nespresso returns to back Emirates Team NZ for AC35
Nespresso has reaffirmed its sponsorship of Emirates Team New Zealand in its campaign to win the 35th America’s Cup. Nespresso, the world wide reference for highest quality premium portioned coffee has today reaffirmed its sponsorship of Emirates Team New Zealand in its campaign to win the 35th America’s Cup. Nespresso has a long-standing history of association with the world of sailing and Emirates Team New Zealand.
Posted on 17 Jan
America's Cup - Oracle Team USA - Tech Tuesday - Structural Platform
Learn more about the carbon fiber structure of OTUSA's America's Cup class catamaran with Oracle Team USA. Learn more about the carbon fiber structure of OTUSA's America's Cup class catamaran. How does the fact that the boats are airborne for most of the race affect the hull design, structural engineering - structural engineer Kurt Jordan explains in this video.
Posted on 11 Jan
America's Cup - Ashby confirms that Kiwis will sail AC50 in Auckland
Glenn Ashby has confirmed that Emirates Team NZ will launch their AC50, in Auckland and will do a substantial build up Emirates Team New Zealand skipper, Glenn Ashby has confirmed that Emirates Team New Zealand will launch their AC50, in Auckland and will do a substantial build up on the Waitemata harbour before shipping to Bermuda. Speaking on Newstalk ZB, Ashby said the Emirates Team New Zealand AC50 had been assembled and was having hydraulics, daggerboard systems and electronics being installed at present.
Posted on 8 Jan