sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : America's Cup: Emirates Team NZ up against funding hurdle for year
America's Cup: Emirates Team NZ up against funding hurdle for year

'Grant Dalton with HRH Duke of Cambridge Match racing in the America’s Cup monohulls on the Waitemata Harbour - April 11, 2014'    © Richard Gladwell    Click Here to view large photo

With no sign of the Protocol for the 35th America's Cup in sight, Emirates Team NZ CEO, Grant Dalton, confirmed last night in a TV3 interview that the funding advance from the New Zealand Government would run out in June 2014, or just over two months.

Appearing on prime time news show, Campbell Live, Dalton nodded in confirmation of a statement be Campbell, that the money would run out at the end of June, 2014. Beyond that the team would be relying on the generosity of private backers. 'We won't see any significant sponsorship money, this year,' Dalton told TV3's John Campbell. 'You can't make it out of this year with sponsors - you never do,' he added.

Dalton confirmed they had offers on the table from some of their existing sponsors, despite not having a Protocol, or Venue for the 35th Cup announced.

He pointed out that they expected the next America's Cup was expected to be just as expensive as the last despite all the talk of cost cutting. However the team were hamstrung by the lack of Protocol and a venue which had to have some marketing value to sponsors. When pushed that this would surely he a given in the new Cup equation, Dalton quipped 'don't count on it - this is the America's Cup!'

Of the four locations on the table, Cup pundits believe that San Francisco would be the best for the team and the event, due to the massive marketing success achieved by one of Emirates Team New Zealand's backers, NZ Trade and Enterprise in the last event, over achieving expectations.

Grant Dalton and Dean Barker chat with their Royal Highnesses the Duke and Duchess of Cambridge who visited Emirates Team New Zealand to match race each other on version 5 America’s Cup Yachts NZL41 and NZL68. -  Chris Cameron-ETNZ©  
Both Dalton and Barker confirmed that their relationship was tight, despite comments by others outside the team and that they would be leading the team going into the 35Th America's Cup. But Dalton stressed that before they could even look at their chances of winning the event, they had to get over the immediate money hurdle.

That task is being made no easier by the two parties responsible for negotiating the Protocol for the next America's Cup - Hamilton Island YC and Golden Gate Yacht Club. The process has now been running for over six months, and all indications are that it is a long way from a conclusion. 'Don't hold your breath' was the comment of one source close to the negotiations, when contacted by Sail-World yesterday as to the likely release day for the Protocol.

Sail-World understands the negotiations are being conducted largely between Richard Slater, one time rules expert for Oracle Team USA. However he is one of the few who has reverted to his country of citizenship, Australia, and is negotiating now against his old boss, Russell Coutts.

This week, Slater was umpiring in the Congressional Cup being sailed at Long Beach Yacht Club, so not a lot of progress was expected. Coutts whereabouts was not known.

Sail-World understands there are still some basic differences between the two groups in terms of the Protocol, and the venue is completely undecided. An announcement on either is not expected soon, and certainly the Protocol is not expected to contains any reference to the venue. Emirates Team NZ and other Challengers are believed to be kept in the loop in the negotiations, and know the basics of what will be in the Protocol, but obviously not sufficient to generate sponsorship and marketing proposals.

The directly involved parties obviously know more detail on the event and more particularly class and can get design work underway ahead of the Protocol and AC62 Class Rule being published. Oracle recently named a substantial design team for the next event.

Of the six teams believed to be active for the 35th America's Cup, only four, Oracle Team USA, Artemis Racing (Sweden) and Team Australia have billionaire backers. Luna Rossa also has substantial backing, in the form of an already announced sponsorship. The others are very much sponsorship dependent for a significant portion of their funding.

While the erosion of time does not affect the already financed teams, for the sponsored teams a Proposal showing the conditions of the regatta, the venue and value proposition to a sponsor is essential, and time is of essence as marketing budgets for sponsorship spend are allocated years ahead of the event date,

For Emirates Team NZ there is the added pressure of the NZ Government dictates of a Protocol and Venue to be named before any further investment by NZ Trade and Enterprise will be considered. That group pumped in $37million in the the 2013 campaign and would be expected to be repeated at that level.

The full interview with Grant Dalton and Dean Barker can be viewed by
clicking here


by Richard Gladwell Sail-World.com/nz


  

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

http://www.sail-world.com/index.cfm?nid=121029

7:24 PM Fri 11 Apr 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:

10 Apr 2014  America's Cup: Italians confirm Minoprio as Match race tactician
07 Apr 2014  America's Cup: Emirates Team NZ announce new and expanded Board
28 Mar 2014  America's Cup: Critics dealt body blow with Cup benefits to NZ
27 Mar 2014  America's Cup: Five Emmy Award nominations for Video and Technology
21 Mar 2014  America's Cup: Loick Peyron talks about Artemis in San Francisco
20 Mar 2014  America's Cup: Artemis Racing training on San Francisco Bay + Video
20 Mar 2014  America's Cup: Oracle Team USA completes first session in Australia
15 Mar 2014  America's Cup: Images from Oracle Team USA training on Sydney Harbour
14 Mar 2014  America's Cup: Kiwi World Champion signs with Italians
14 Mar 2014  America's Cup: Rome Kirby: 'What we did was pretty cool'
MORE STORIES ...






News - USA and the World

America's Cup: Full CAS report finds both ISAF and de Ridder at fault *Feature by Richard Gladwell, Sail-World.com/nz
The Decision of the Court for Arbitration of Sport over the suspension of Dutch sailor Dirk de Ridder has been circulated. The report, which was earlier reported in summary form as to the decision, confirms a 18month suspension on de Ridder, one of the Netherlands' top sailors ... [more]  

Spectacular fire on Sydney Harbour captured on video *Feature by Richard Gladwell, Sail-World.com/nz
Sydney sailing sports photographer, Beth Morley was on Sydney Harbour, capturing images of the Friday night racing, when a luxury launch caught fire nearby. I was out photographing the Ransa Sailing yacht race this evening when I saw smoke coming from the back of a large cruise boat around the back of Sow and Pigs (reef) area towards Middle Head. ... [more]  

America's Cup: Lawsuit against Oracle Racing lodged in San Francisco *Feature by Richard Gladwell/Sail-World.com/nz
In further legal fallout from the 34th America's Cup one of the New Zealand sailors named in an action bought by the International Sailing Federation has in turn lodged a lawsuit in a California Court against his former racing team, Oracle Racing Inc over boat fixing in America's Cup World Series ... [more]  

2017 J/80 World Championships: The Royal Southern Yacht Club (RSrnYC) has an active J/80 fleet and attracts many more of the class to its summer series of regattas run annually from May through to September, in addition to match racing J/80s in the annual Grade 2 Match Cup. ... [more]  

Clipper Round the World: The award is in recognition of the way he directed his crew during a dramatic man overboard rescue in the harsh northern Pacific Ocean last March. The Rod Stephens Trophy for Outstanding Seamanship is an internationally renowned trophy awarded annually for an act of seamanship which significantly contributes to the safety of a yacht, or one or more individuals at sea. ... [more]  

OK Dinghy Worlds: Some sailors will even be in transit over the festive period, so thoughts of overindulgence will be a long way from their minds as they focus on the challenge ahead – overcoming the strong Australian team and preparing for the conditions on Port Phillip Bay. However, if the event is true to form - there will be overindulgence in competitive and fun racing. ... [more]  

The Decision of the Court for Arbitration of Sport over the suspension of Dutch sailor Dirk de Ridder has been circulated. The report, which was earlier reported in summary form as to the decision, confirms a 18month suspension on de Ridder, one of the Netherlands' top sailors ... [more]  

2014 Rolex Sydney Hobart Yacht Race - With the early weather outlook for next week’s Rolex Sydney Hobart Race indicating it will be a sometimes torrid all-round test over the 628 nautical miles, the highly experienced crew of race record holder Wild Oats XI is feeling comfortable but not over-confident. ... [more]  

Hanohano Outrigger Canoe Club, Huki Outrigger, and Hoven Vision present the 19th Annual Hanohano Huki Ocean Challenge to be held in Mission Bay, San Diego, Ca. on January 24th, 2015. ... [more]  

Photographer Andrea Francolini was on the water to provided this gallery of images of Comanche. ... [more]  

Images from Mauritius as the Team Vestas Wind recovery crew prepare to depart for the Cargados Carajos Shoals, over 200nm away. The team have acquired some salvage equipment and will live aboard a chartered boat and attempt to float the boat over the reef and into the lagoon. ... [more]  

The skipper of Mapfre, Iker Martinez will leave the Campos managed Volvo Ocean Race entry for the third Leg of the Volvo Ocean Race. The team cites a conflict between Martinez's Olympic commitments in the Nacra 17 and the Volvo Ocean Race, as the reason for the departure which the team says was a planned move. ... [more]  

Team Vestas Wind skipper Chris Nicholson (AUS) has flown back to a remote Indian Ocean reef to help oversee a complicated operation to retrieve his stranded boat after it was grounded there during Leg 2 of the Volvo Ocean Race nearly three weeks ago. ... [more]  

The America's Cup Competitor Forum, comprising the six teams registered for the 2017 America’s Cup, has appointed Iain Murray as Regatta Director. The appointment was tipped a month ago in Sail-World.com. Under the Protocol for the 35th America's Cup, the appointment has to be approved by the majority of the competitors. ... [more]  

Rolex Sydney Hobart Race: The intention to enter the fleet of twelve Clipper 70s in the 71st edition has just been confirmed by Clipper Race organisers. The RSHYR will form part of the biennial Clipper Race series for a second time. The round-the-world fleet created much interest in 2013 as amateur sailors from over 40 different nationalities competed as part of their 40,000 mile circumnavigation. ... [more]  

If you missed this week's edition of Adventures of a Sailor Girl, then hear the replay below. This week's show is the 34th. Sailing news in sixty seconds-ish (2:46). Sail Sydney: Josh McKnight (Moth, 9:43), Tom Spithill (Moth, 12:45), Olivia Price & Eliza Solly (FX, 15:24) Tom Burton (Laser, 23:20) James Wierzbowski (Extreme 40's, 32:08) and much more ... [more]  

RORC Transatlantic Race 2014: Isabelle Haudiquet was on the helm as the bright yellow hull blasted through the finish line. Having safely moored Bingo after 17 days at sea, the French crew enjoyed a cold beer dockside at Camper & Nicholsons Port Louis Marina. ... [more]  

Volvo Ocean Race: Chris Nicholson Interview - Part 3 - On the Atoll *Feature by Richard Gladwell/Sail-World.com/nz
Final part of a three part, 80 minute, interview with Team Vestas Wind skipper, Chris Nicholson on the wrecking of the Volvo Ocean Race yacht on an idyllic atoll in the South Indian Ocean during the night of November 29. In this part, Nicholson tell what happened once the crew stepped aboard the local coastguard boat just after dawn, and subsequent trips back to the wreck. ... [more]  

The Safety Requirements and Recommendations (SRR) for the 2015 Bell's Bayview Mackinac Race are now published. On Saturday, March 21, Bayview will be hosting Mark Thornton for his presentation and seminar 'Preparing Your Mac Forecast: A Workshop For Sailors.' ... [more]  

2015 International 14 World Championship - Four-time World Champion, Britain’s Archie Massey, expects racing in the titles at Geelong, Australia, will be tight. ... [more]  

The 2014 WWA Wake Park World Series (WPWS) officially ended this past weekend at one of the most fun and progressive cable parks on the globe; Thai Wake Park (TWP) in Bangkok, Thailand. With tons of advanced new features in the lake, top Wakeboarders from all over the world tightened up their boots and hit the water for what would be a groundbreaking finish to a historical WPWS season. ... [more]  

The most significant sailing performances of the year are being heralded by US Sailing with the announcement of the ten men and seven women who have been shortlisted for the 2014 Rolex Yachtsman and Yachtswoman of the Year awards. ... [more]  

A successful medal haul for the Australian Sailing Team (AST) at the ISAF Sailing World Cup in Melbourne with five gold, five silver and three bronze in the Olympic class program, plus two gold and one bronze in the Paralympic fleet. Hear what the sailors had to say about their performance, along with some great video footage of the week's racing on Port Phillip. ... [more]  

Bart’s Bash, the global sailing race that took place in 60 countries around the world, on September 21st, 2014 raised an incredible £366,391.95 for the Andrew Simpson Sailing Foundation. The race was held in memory of Andrew 'Bart' Simpson, the Olympic gold medal sailor who died in May 2013. ... [more]  

RORC Transatlantic: As with every yacht participating in the race, staff from Camper & Nicholsons Port Louis Marina greeted the French team on arrival with warm congratulations, a cold beer and a welcome basket from the Grenadian Tourism Association on behalf of the people of Grenada. The crew of five looked tired after nearly 17 days at sea, but owner, Frank Lang was full of praise for his crew. ... [more]  

2014 Rolex Sydney Hobart Yacht Race - Perpetual Loyal is no stranger to the Rolex Sydney Hobart. Winning line honours in 2011, they have continued to be a contender, especially in heavier breezes. ... [more]  

In a lot of ways, it was kind of befitting that the best conditions of the last day of the Sailing World Cup – Melbourne, were saved for the Women’s Laser Radial Medal Race. Apart from highlighting them in glorious sunshine, like Huey’s own spotlights, it also brought into frame that were only two girls 470 crews in attendance for the regatta. ... [more]  

The website for the 2015 Finn Gold Cup in Takapuna, New Zealand, has been launched. The Finn class is eagerly anticipating a return to Takapuna Boating Club for what will be only the second Finn World Championship to be held in New Zealand. It will have been 35 years since Cam Lewis (USA) beat John Bertrand (USA) in a thrilling final race showdown in 1980, to take the Gold Cup. ... [more]  

Looking for a great Christmas present which you can buy with a few mouse clicks? Bob Fisher's books on the Round the World races, Farr 40's and the definitive America's Cup two volume set are still available, along with other titles from South Atlantic Publishing. ... [more]  

In January Nqoba, from Durban, will embark on his Yachtmaster qualification and will have none other than legendary sailor Sir Robin Knox-Johnston, the first man to ever sail solo, non-stop round the world in 1968-69, as his mentor as he takes the first steps to realise his dream of circumnavigating the globe at the helm of a Clipper 70. ... [more]  

IFDS 2014 Worlds: But as you reflect back on the year, we hope you will agree that week of competition in Halifax, Nova Scotia set a new standard for disabled sailing. It was the largest world regatta yet with 18 SKUD-18 teams, 14 Sonar teams and 49 2.4mR competitors and the largest number of countries participating. There were some challenging days finding enough wind to race. ... [more]  

The 2015 McDougall + McConaghy Moth World Championship is set to be even more of a spectacle this year, with the return of the Zhik ‘Mothapolooza’ which promises a potential head-to-head with teams of America’s Cup and Olympic sailors. ... [more]  

Volvo Ocean Race: Chris Nicholson Interview - Part 2 - On the Rocks *Feature by Richard Gladwell/Sail-World.com/nz, Auckland, NZ
Part 2 of three part, 80 minute, interview with Team Vestas Wind skipper, Chris Nicholson on the wrecking of the Volvo Ocean Race yacht on an idyllic atoll in the South Indian Ocean during the night of November 29. In this part, Nicholson covers what happened from the time the Volvo65 hit the reef on the SE corner of the Cargados Carajos Shoals. ... [more]  

Successful St. Maarten Regatta Beach Clean-Up at Kim Sha Beach
US Sailing releases Rio 2016 Olympic Trials System
Rolex Sydney Hobart Yacht Race - Oldies return
Volvo Ocean Race sets up independent inquiry into Vestas Wind disaster
Volvo Ocean Race: Team Brunel: sweet victory
RORC Transatlantic Race - Apollo 7 touch down
2014 OK Dinghy Worlds Preview one - Last but not least
Melges 24 Christmas Sprint Series - Christmas comes early for Red Mist
Extreme Sailing Series 2014 Act 8 - Superb podium finish for Realteam
Volvo Ocean Race: Chris Nicholson on the Team Vestas Wind disaster - 1 *Feature
USA 4 Windsurfing campaign
Rolex Sydney Hobart Yacht Race - One last modification to Wild Oats XI
Sydney-Hobart: Wacky Races 2 - Frosty, Hoonigan and Wilbo *Feature
RORC Transatlantic Race 2014 - Big adventure comes to an end
ISAF World Sailing Rankings – 15 December 2014
Comanche; Supermaxi Showdown VIDEO
Miami Star Winter Series - Commodores Cup Final day
2014/15 Audi Melges 20 Miami Winter Series - Jason Michas wins
2014 RORC Transatlantic Race - Yacana crosses finish line
2014 Extreme Sailing Series - Act 8 - Swiss team Alinghi wins
Extreme Sailing Series: Images from Act 8 + Series' Highlights video   
Volvo Ocean Race: Dongfeng Race Team - Leg Two review   
Extreme Sailing Series: Alinghi crowned 2014 and Sydney champions   
Extreme Sailing Series -Sydney Land Rover recognises talent   
ISAF Sailing World Cup Melbourne - Medal Race Images   
Extreme Sailing Series: Alinghi dons ESS Crown, Oman Air wins award   
18ft Skiffs: Rooklyn scores win in Syd. Barnett Jr. Memorial Trophy   
ISAF Sailing World Cup: Fan cranks up for final Melbourne day + Videos   
Miami Star Winter Series - Commodores Cup Day 1   
Extreme Sailing Series: Delayed coverage - Day 4 +Audio *Feature   
Volvo Ocean Race - Dongfeng score another excellent result   
Audi Melges 20 Miami Winter Series - Fleet rumbles in Miami   
Extreme Sailing Series - The Wave, Muscat see championship bid slip   
2014 RORC Transatlantic Race - From acorns grow oaks   
Volvo Ocean Race - Team Brunel (NED) wins Leg 2   
2014 RORC Transatlantic Race - Oakcliff Ocean Racing Team wins   
Extreme Sailing Series: Day 3 image gallery from Sydney Harbour *Feature   
The Extreme Sailing Series™ - Action-packed day on Sydney Harbour   
Early Christmas presents for ISAF Sailing World Cup medallists + Video   
Volvo Ocean Race: Leg 2 finish - Team Brunel wins from Dongfeng *Feature   


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 WAS US
LocalAds   DE  ES  FR  IT