Please select your home edition
Edition
upffront 728x90

Valencia Life- Offers to America's Cuppers to stay

by Valencia Life Network News on 12 Dec 2007
America’s Cup challenger bases in Port America’s Cup MCC McCamp

The publishers of Valencia Life Network News outline an offer made by the Spanish and Valencian governments, to those involved in the last America's Cup to remain in Valencia.

The Americas Cup 2007 Consortium, the public company that administers the last Americas Cup met in Valencia port yesterday, amidst concern over the future of the 33rd edition of the event. Following the meeting this afternoon, which was attended by Elena Salgado, the Public Administrations Minister, Rita Barbera, the Mayoress of Valencia and Gerardo Camps the Financial Conseller and deputy President of the Valencian Government, it became clear that the Madrid Government would agree to spend 16 million Euros on personnel costs and maintenance fees that was still outstanding from the 32nd edition of the Cup.

Miss Salgado also added that a budget of six million Euros would be made available in order that the Consortium remain active in 2008. However, by far the most interesting aspect of the meeting was the declaration by the Minister that important financial benefits would be granted to those syndicates that maintained a permanent base in Valencia, where or not future editions of the event take place in Valencia. Miss Salgado added that she had had a meeting in this regard with Larry Ellison, the Chairman of BMW Oracle Racing. In commenting on the current state of affairs with the decision of Justice Herman Cahn, both Miss Salgado and Mr Camps stated that they would by far prefer a normal series of Americas Cup races than a one-one-one series of races in Catamarans.

As was expected, yesterday morning a meeting took place between Alinghi and BMW Oracle Racing in New York,whilst both teams waited for the final order on the court case heard by Justice Herman Cahn. Both sides stated that they had not talked about the Protocol for the 33rd edition of the Americas Cup, but did mention the proposal to alter the Deed of Gift. As the meeting ended, Alinghi qualified the meeting as cordial, whilst BMW refused to make any statement.

Meanwhile, rumour continue to abound to the effect that the Spanish Sailing Club is on the point of filing an appeal against the recent court decision by Judge Cahn. It is only after the final order has been issued that an appeal can be launched, with the current idea apparently being the postponement of a possibility of a challenge under the Deed of Gift between Alinghi and BMW Oracle Racing. Despite this, there is also some considerable political pressure from Spain against the appeal being launched, since most politicians believe that there is nothing to be gained from trying to overturn the decision by Justice Cahn.

And now, it seems that there is a third Spanish challenger on the horizon. The Decision syndicate is the result of a collaboration between the Royal Yacht Clubs of Madrid and Barcelona, but no real announcement has yet been made over an official entry


This story very kindly provided by The Valencia Life Network News whuch is a bulletin of information about the Valencian Community that is published every morning except Mondays. Any comments or suggestions are most welcome, as well as are new subscribers: publisher@valencialife.net
Ancasta Ker 40+ 660x82T Clewring AC72Newport Boat Show 2016 660x82

Related Articles

2017 Marion Bermuda Race offers front row seats for America’s Cup
Enjoy all the post-race fun and activities at the Royal Hamilton Amateur Dinghy Club and stay on for your front row seat Enjoy all the post-race fun and activities at the Royal Hamilton Amateur Dinghy Club and stay on for your front row seat
Posted on 30 Aug
Dodging ducks, savoring summer—Sailing news from the U.S. and beyond
Editorial Editorial
Posted on 30 Aug
Full focus on board Oman Air for Extreme Sailing Series St Petersburg
With a lead on the overall scoreboard following their last gasp win in Hamburg the pressure is on to maintain 100% focus With a five-point lead on the overall scoreboard, following their last gasp win in Hamburg, the pressure is on to maintain 100% focus to make sure they perform to their maximum capabilities right up until the final race in Sydney in December.
Posted on 30 Aug
Zhik sailors win 17 sailing medals at 2016 Olympic Regatta
The 2016 Olympic games are over and what a Games they have been - Zhik sailors dominated Zhik sailors won almost 60% of the medals contested at Rio de Janeiro. It was a regatta which tested sailors and gear - with one day being the most severe conditions ever experienced at an Olympic regatta. For the Zhik team riders on the waters of Rio, four years and more of hard work and dedication have paid off for many.
Posted on 29 Aug
Hollandia wins 8 Metre World Cup
After nine race series, Netherlands' Hollandia wins it with eight points. The racing took place in a range of conditions After a five day, nine race series, Hollandia of the Netherlands wins it with eight points. The racing took place in a range of conditions and Hollandia managed to win every race.
Posted on 29 Aug
Volvo Ocean Race - Enright and Towill ready to go again in 2017/18
Team Alvimedica skipper Charlie Enright and his long-time buddy Mark Towill are eager to put their experience to use. Team Alvimedica were the youngest team in the race last edition, and now skipper Charlie Enright and his long-time buddy Mark Towill are eager to put that experience to use. Volvo Ocean race's Jonno Turner caught up with Mark and Charlie to chat about everything from the transition back into 'real life', their reflections on the 2014-15 campaign - and the future.
Posted on 29 Aug
Noroton Yacht Club takes the NYYC Grandmasters Team Race Trophy again
The yacht club from Darien, Connecticut, still out sailed every other club on the water. Every August the biggest question for the NYYC Grandmasters Team Race Regatta is whether this will be the year that Noroton Yacht Club's winning streak ends. Yet even after the age minimums were raised by five years and the event was expanded to 10 teams and three days to stiffen the competition, the yacht club from Darien, Connecticut, still out sailed every other club on the water.
Posted on 29 Aug
The door’s been flung open – again
Now whether it was the Champagne or something far more ethereal, there is the chance that sailing gets sexier for Tokyo Now whether it was the Champagne or something far more ethereal, there is the chance that sailing may get sexier for Tokyo 2020. Yes, the proverbial door has been cast ajar before, often to much fanfare, and not that much has been achieved.
Posted on 28 Aug
Michael Illbruck crowned 2016 Melges 20 World Champion
Although not a simple task, Freides aimed to keep Illbruck behind him, or at minimum out of top nine ranking. Hosted by Marina di Scarlino/Club Nautico Scarlino, the World Championship was the most successful to date featuring four days of incredible sportboat racing.
Posted on 28 Aug
Freides defends leadership at Melges 20 World Championship
The one and only race that was able to take place at the 2016 Melges 20 World Championship was a difficult one at best 2016 Melges 20 World Championship - The one and only race that was able to take place at the 2016 Melges 20 World Championship hosted by Marina di Scarlino/Club Nautico Scarlino was a difficult one at best, however managed to present some nice new faces at the front of the fleet.
Posted on 28 Aug