Please select your home edition
Edition
Selden 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.

Southern Spars - 100Mackay BoatsSelden 660x82

Related Articles

America's Cup - Dalton opens up on boat and options for next Cup
The Protocol for the 36th America's Cup will take place in Auckland on the morning of the 29th September Italian media are reporting that the announcement of the Protocol for the 36th America's Cup will take place in Auckland on the morning of the 29th September. Dalton confirmed the details of the yacht will be revealed two months later on November 30, but would not say if it will be a foiling monohull as speculated in the media.
Posted on 18 Sep
An interview with Rainer Muller about the International 6 Metre Worlds
I interviewed Rainer Muller, vice chair of the International 6 Metre Class Worlds, via email, to learn more. The 2017 International 6 Metre Class World Championships are set to unfurl off of Vancouver, Canada, from September 17-21 and will be hosted by the Royal Vancouver Yacht Club, so I caught up with event vice-chair Rainer Muller, via email, to learn more about this exciting biennial regatta that’s expected to draw 45-50 boats from eleven different nations.
Posted on 18 Sep
An interview with Shelia Graves about the IHYC's Classic Yacht Regatta
I interviewed Sheila Graves, co-chair of IHYC’s Classic Yacht Regatta, via email, to learn more about this upcoming even Indian Harbor Yacht Club’s eighth-annual Classic Yacht Regatta is set to unfurl the weekend of September 15 and 16, so I caught up with Sheila Graves, event co-chair (and a former winning sailor), via email, to learn more about this now-classic New England event.
Posted on 13 Sep
An interview with Katie Coleman Nicoll about the 2017 J/24 Worlds
I interviewed Katie Coleman Nicoll of the 2017 J/24 World’s organizing committee to learn more about this great event. This year’s J/24 Worlds will unfurl from September 15-23, 2017 on the waters of Canada’s Lake Ontario and will be hosted by the Port Credit Yacht Club on the lake’s northwestern shores. I interviewed Katie Coleman Nicoll, secretary/treasurer of the Canadian J/24 class and a member of the 2017 J/24 World Championship’s organizing committee, via email, to learn more about this exciting event.
Posted on 11 Sep
Pulling G’s with Beneteau – Pt II
Just a little while ago we pulled some Gs with Beneteau’s Mr Product, aka G3. Just a little while ago we pulled some Gs with Beneteau’s Mr Product, aka G3. You can go back and read Part One of the story of Gianguido Girotti, as and when you may like. However, for now we’ll push on with the incredible semi-foiler Figaro 3, and the new Oceanis 51.1, along with what they represent for the brand as a whole. It is a very interesting tale, especially as Beneteau...
Posted on 31 Aug
A conversation with Jay Keeshan about the SYC's 2017 Vineyard Race
I caught up with Jay Keeshan, vice chair for the 2017 Vineyard Race, via email, to learn more about this classic race. This year’s Vineyard Race is set to unfurl on Friday, September 1, and will likely take most boats between one and three days to complete, conditions and vessels depending, of course. I caught up with Jay Keeshan, vice chairman for the 2017 Vineyard Race, via email, to learn more about this classic New England distance contest.
Posted on 28 Aug
JATO ignited as SuperFoiler prepares for take off (Pt II)
When we left SuperFoiler last time, the JATO rockets had been lit, and we were rapidly approaching the time for rotation When we left SuperFoiler last time, the JATO rockets had been lit, and we were rapidly approaching the time for rotation (lift off). You can catch up with Part One of SuperFoiler and the JATO rockets, but for now we get to talk speed, the crew on board, and finally the commercialisation of it all. Buckle up!
Posted on 28 Aug
Pulling G’s with Beneteau – Pt I
In a car, just the one G will have you straining at your seatbelt. In a car, just the one G will have you straining at your seatbelt. Over nine (+ve) in an aircraft, and without a G-suit, you will be unconscious. So at three G’s, and pulling no punches with them either, we not only enjoyed our opportunity to sit with Gianguido Girotti (G3), we got to learn a lot as well!
Posted on 23 Aug
JATO ignited as SuperFoiler prepares for take off (Pt I)
When small military transports have to take off from impossibly short runways with a belly full of cargo When small military transports have to take off from impossibly short runways with a belly full of cargo akin to Mr. Creosote, they reach for the JATO bottles. Aircraft like C-7 Caribous and LC130 Hercules strap rockets, yes rockets, to the underside of their wings to gain valuable extra thrust, which surely helps keep the pilots' heart rates below the red line.
Posted on 22 Aug
Discussing the Storm Trysail Club’s Ted Hood Regatta with Clarke Smith
I chatted with Clarke Smith, chairman for the 2017 Ted Hood Regatta, via email, to learn more about this exciting event. Given the late, great Ted Hood’s sterling reputation as both a sailor and innovator, it makes a lot of sense that the Storm Trysail Club’s Marblehead Station would create their inaugural Ted Hood Regatta (August 25-27), which will be held on the waters off of Marblehead, Massachusetts, in his honor. I corresponded with Clarke Smith, chairman for the 2017 Ted Hood Regatta, via email, to learn more.
Posted on 21 Aug