Please select your home edition
Edition
Protector 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.

Zhik Dinghy 660x82Mackay BoatsProtector - 660 x 82

Related Articles

A Q&A with US Sailing’s Malcolm Page about the Sailing World Cup Miami
I spoke with Malcolm Page, US Sailing’s Olympic chief, about the team’s performance at the 2017 Sailing World Cup Miami I talked with Malcolm Page (AUS), a two-time Olympic gold medalist in the Men’s 470 class and the chief of Olympic sailing at US Sailing, to get his pulse on the team’s performance at the 2017 Sailing World Cup Miami and discuss some recent coaching changes within the Olympic-sailing program.
Posted on 20 Feb
America's Cup - Emirates Team NZ give first look at the pedaling AC50
Emirates Team New Zealand formally christened their new AC50 America's Cup Challenger on a rainy Auckland afternoon. Emirates Team New Zealand formally christened their new AC50 America's Cup Challenger on a rainy Auckland afternoon. The team has been sailing for the previous two days making news headlines after it was revealed in Sail-World.com that the AC50 would become only the second yacht in America's Cup history to use pedal power.
Posted on 16 Feb
America's Cup - Kiwis sign Olympic Cyclist for the Tour de Bermuda
Ttop cyclist Simon van Velthooven, a 2012 Olympic Bronze cycling medallist had been signed by the America's Cup team Emirates Team New Zealand put in a second foiling display on Auckland's Waitemata harbour ahead of the official launching of their AC50 tomorrow. With brighter skies the cycling team took their places on the pedalstals and used leg power to provide the hydraulic pressure necessary to run the AC50's control systems for the foils and wingsail.
Posted on 15 Feb
A Q&A with Shawn Macking about the StPYC’s Sailing Center and OD fleet
I talked with Shawn Macking, the StPYC’s waterfront director, to learn how the club is getting more people out sailing. I caught up with Shawn Macking, waterfront director of the St. Petersburg Yacht Club, via email to learn more about the club’s Sailing Center, its hefty investment in a new fleet of ten J/70s, and how the StPYC is using this infrastructure to expose more people to the sport we all love.
Posted on 13 Feb
A Q&A with Karen Angle about the 2017 Conch Republic Cup race to Cuba
I caught up with Karen Angle, executive director of the Conch Republic Cup, to learn more about this exciting event. If you’re like me and have arrived at saturation with winter’s cold rain and snow, imagine racing to Cuba as part of a 13-day cross-cultural event that’s designed to lower barriers of entry at a time when some Americans see a need for taller walls. I caught up with Karen Angle, executive director of the Conch Republic Cup, to learn more about this exciting event and the adventures it affords.
Posted on 23 Jan
A Q&A with Anna Tunnicliffe about her return to competitive sailing
I talked with Anna Tunnicliffe before the Sailing World Cup Miami to learn about her return to Olympic-class sailing. Anna Tunnicliffe won gold at the Beijing 2008 Olympics in the Laser Radial before shifting her sights to the Women’s Match Racing event for the London 2012 Olympics. Here, she came up shy of expectation and left sailing for the CrossFit Games, but now she is returning to her roots. I talked with Tunnicliffe before the Sailing World Cup Miami to learn about her return to Olympic-class sailing.
Posted on 23 Jan
A Q&A with Dick Neville, Quantum Key West Race Week’s RC chairman
I caught up with Dick Neville, Race Committee chair for the Quantum Key West Race Week, to learn more about the event. For the past 30 years, international sailors have gathered in Key West, Florida, each January for Key West Race Week, a regatta that has achieved legendary status due to its calendar dates, its location, and the impressive level of competition and racecourse management that this storied event offers. I caught up with Dick Neville, Race Committee chair for this year’s Quantum KWRW, to learn more.
Posted on 16 Jan
A Q&A with Daniel Smith, the Clipper Race’s new deputy race director
I talked with Daniel Smith, the Clipper Round The World Race’s new deputy race director, to learn more about his role. I was fortunate to sail with Daniel Smith [36, SCO], skipper of “Derry~Londonderry~Doire” for the 2015/2016 edition of the Clipper Round The World Race, when the fleet reached Seattle last spring. Now, Smith has been hired as the event’s deputy race director-a job that will test many of the skills that he polished as a skipper. I caught up with Smith via email to learn more about his new job.
Posted on 9 Jan
Rolex Sydney Hobart Yacht Race - Suck it up, sunshine!
The 72nd start of the iconic blue water classic had 300,000 spectators lining the foreshores of Sydney Harbour The 72nd start of the iconic blue water classic had 300,000 spectators lining the foreshores of Sydney Harbour, another two million watching on TV, and the constant buzz and whir of media helicopters overhead. 88 boats, from Australia, USA, UK, Germany, Sweden, Russia, Japan, Korea, China, oh and New Zealand, had lined up on three start lines.
Posted on 31 Dec 2016
Rolex Sydney Hobart Race - More merriment on the airwaves
Here are more examples of merriment on the airwaves between the boats and Hobart Race Control So on December 29, 2016, after the River Derwent had let just three boats home (Perpetual Loyal, Giacomo and Scallywag, all inside the old race record, she went to sleep for a lot of the day. This made it frustrating for the sailors, some of whom saw the lighter side. So after seeing some of those in Dark & Stormy, here are more examples of merriment on the airwaves between the boats and HRC
Posted on 29 Dec 2016