Please select your home edition
Edition
RS Sailing 728x90

America's Cup- Emirates Team NZ confident to mount Cup Challenge

by Richard Gladwell/Sail-World.com/nz on 25 Jun 2014
Emirates Team New Zealand is given the green light for a Challenge for the 35th America's Cup. Chris Cameron/ETNZ© http://www.chriscameron.co.nz
Emirates Team New Zealand chairman Dr Keith Turner has announced that the team has now reached the point where it has the confidence to mount a challenge for the 35th America’s Cup.

He says the team has secured sufficient private and sponsorship funding to proceed to the next stage without needing Government funding during this period.

'Now, with the assistance of long-time supporters Sir Stephen Tindall, Matteo de Nora and other private Donors and Sponsors, we are delighted to be able to say that we are funded through to late this year,' he said in a media statement released by the team on Thursday afternoon.

Emirates Team NZ CEO Grant Dalton said: 'The team has been working towards this moment almost since the day of the last race in San Francisco.

'The funding support for the team that has coalesced over the past week means we can continue the design and engineering development, and keep racing, until main sponsorship funds begin to flow.

'To avoid falling behind the opposition, our design and engineering team has been working on the software tools they will need for the challenge.'

There was no mention of additional NZ Government funding for the team, which created a media fed outrage just two weeks ago, when a media conference held to discuss the team's reaction to the Protocol, turned feral as some members of the media choose to focus on Government backing for the team.

Today's announcement came by way of media release avoiding a repeat of the hi-jacked Media Conference of June 13.

It would seem that the team has enacted a Plan B, and has raised the necessary bridging finance to get it through to when the sponsorship and other funding sources are turned on. The team has previously said that it is in the best position it has enjoyed in regard to sponsor commitment at this stage of a campaign. It is believed to have strong support from at least four key sponsors and was also holding discussions with a Bank to come aboard as a sponsor in the way that Bank of New Zealand did in the 1986/87 challenge in Fremantle.

Currently the team has a sailing program underway in two events. Dean Barker, Glenn Ashby and Chris Nicholson are at the European A Class championships in France. Ashby leads that regatta, with Barker in 18th place and Nicholson in 26th place overall in the 75 strong fleet. Ashby won his seventh world championship in the class off Takapuna, earlier this year.

In St Petersburg, Russia, Olympic 49er sailors Peter Burling and Blair Tuke with Jeremy Lomas, Ray Davies and Edwin DeLaat are in Russia for the Extreme Sailing Series which starts on Thursday. Several other America's Cup teams are competing.

'The Protocol and the design rule has been published so we know what we are working with and we are confident we can mount a challenge that has the potential to win,' Dalton said.

'Amendments to the Protocol have removed some of the more contentious issues. If this Protocol follows the pattern of previous Cup cycles, more amendments will follow. The so called Two-boat rule for the Defender is not the problem suggested by recent media reports.'

'We now await the announcement of venue for the challengers’ preliminary series and then the venue for the challengers’ semi-finals, finals and the America’s Cup Match, so that we can put the finishing touches to the team’s business plan and present it to our backers for approval.'

Entries for the 35th America’s Cup close on August 8. As yet no teams have entered and none are expected to do so until closer to the August date pending resolution of some outstanding issues. This will be the Team New Zealand's 9th America's Cup since the entity was formed 30 years ago, as New Zealand Challenge and is the longest running team in the competition. In that time it has won the America's Cup twice, and has sailed in the America's Cup Match on the last five occasions that the event has been open to multiple Challengers being selected through the Louis Vuitton Cup regatta.

Earlier today in an interview published in Yachting World, Artemis Racing (SWE) said that it had issues with the Protocol and the event and was still making a decision whether to Challenge.

Entries are expected from at least six marque teams for the event, for which a venue and dates are yet to be announced.

KZRaceFurlersZhik AkzoNobelb 660x82PredictWind.com

Related Articles

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
An interview with Allan McLean about the 2017 Marion to Bermuda Race
I interviewed Allan McLean, the Marion to Bermuda Race’s executive director, to learn more about this biennial event. The 2017 Marion to Bermuda Race is set to kick off on Friday, June 9, so I caught up with Allan McLean, the race’s executive director, via email to learn more about the race’s history and evolution, its challenges, and the special America’s Cup experience that awaits Marion to Bermuda sailors upon reaching the Onion Patch.
Posted on 5 Jun
An interview with Ray Redniss about the STC’s annual Block Island Race
I caught up with Ray Redniss, the Block Island Race’s longtime PRO, via email to learn more about this classic event. I caught up with Ray Redniss, who has served as the PRO for the Block Island Race and the Vineyard Race (September 1, 2017) for the past twenty-plus years, via email to learn more about the state of this classic, early season New England event.
Posted on 22 May
An Q&A with Jeremy Pochman about 11th Hour Racing’s impressive efforts
I interviewed Jeremy Pochman of 11th Hour Racing to learn more about this forward-thinking environmental non-profit. 11th Hour Racing is doing some of the most forward-leaning environmental work in the entire marine sphere, and I wanted to learn more, so I reached out to Jeremy Pochman, 11th Hour Racing’s Strategic Director and Co-founder, to ask a few questions. All sailors are strongly encouraged to give this interview the time it deserves.
Posted on 15 May