sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : America's Cup: Team Korea seeking to sign major sponsors for Challenge
America's Cup: Team Korea seeking to sign major sponsors for Challenge

'Team Korea in the first race of the America’s Cup World Series regatta in Naples, Italy.'    Chris Cameron/ETNZ

Team Korea is still on the search for major sponsors for its bid for the 34th America’s Cup. Team Design and Technical Director, Brett Bakewell-White told Sail-World today that providing the sponsorship is in place they intend to start building at the end of August.

Just over a month ago the team paid the USD200,000 entry fee for the America’s Cup Regatta, becoming the fourth Challenger.

Bakewell-White says that hull will be built in Korea, as required by the Protocol. 'We have a very good facility set up in Busan, it’s an existing facility, not a building that has been constructed especially for this project.

'We have most of the carbon and build materials ordered and in Korea – all ready to go,' he added.

Outteridge and Jensen on the final day of the 2012 49er World Championships -  Nikola Sisko  

The Korean Government is making a significant contribution to the build project. 'We want to use this project in the same way the New Zealand Marine Industry has developed into a major force off the back off the America’s Cup. However it is hard for the Koreans to make the connection between recreational boating, in which they are currently investing heavily in, and the leverage and profile that can be gained internationally from building an America’s Cup Challenger.'

The Korean boat will be to an existing America’s Cup 72 design. 'We are not doing all the design work ourselves, as intended, and will be building someone else’s design but because some aspects of the design are incomplete there is still a lot of design detail to be done.'

Like ETNZ and Luna Rossa, the components except for the hull will be built at other yards. 'Because the boat has to be able to be disassembled for shipping, it lends itself to having the components built by multiple yards. Also with the state of the marine industry at present there is a lot of spare capacity around the world, so delivery times are not that much of an issue provided you have a choice of builders.'

The various components and hulls for Team Korea’s boat will be shipped directly to San Francisco, and she will be assembled there, ahead of the Louis Vuitton Cup which starts in July 2013.

Oracle Team USA shows a hoisted L-dagger board, to windward, with the leeward hull fully supported and flying, while trialing in San Francisco on the AC45’s. The T-foil rudder is also evident, just clear of the water on the rear of the windward wull -  Guilain Grenier Oracle Team USA©   Click Here to view large photo
Turning to the Emirates Team NZ AC72, unveiled last week, Bakewell-White says he was initially a little under-whelmed by the design, but adds that sometimes it is very difficult to design what appears to be a simple boat. 'There are clearly some very nice details in the wing control system, I like the general arrangement of the platform, it's simple and robust has a great deal of merit for this event given the new class and the venue.'

Asked whether he believes the AC72’s will be running with hulls clear of the water, as evidenced by the shots released by Oracle of their test AC45’s sailing with 'L' Boards off San Francisco, Bakewell-White says the AC72 rule is 'just screaming out for hydrofoils, but with the prohibition on adjustable surfaces, a foil borne boat is quite hard to achieve.'

While not disclosing the Team’s budget or potential sponsors, Bakewell-White did say that their budget was more than the EUR16million stated by the other prospective Challenger, the French Energy Team, but well south of the budgets of the other four teams who have already entered. With the other teams remuneration costs are commonly reckoned to be about 60% of the budgets, and the amount of the size of top line rises and falls with the size of team salaries.

Entries for the 34th America’s Cup close on August 1, 2012.

Next big moment for Team Korea could come at the 2012 Olympics in Weymouth, where their helmsman Nathan Outteridge, winner of the past two World Championships in the Olympic 49er Skiff, and four world championships in total, is competing and is expected to be a very serious contender for a Gold medal in the class.


by Richard Gladwell

  

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

http://www.sail-world.com/index.cfm?nid=100102

10:31 AM Tue 24 Jul 2012GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on
2013 America's Cup

Related News Stories:

22 Jul 2012  America's Cup: AC72 deck and working layout revealed on video
21 Jul 2012  America's Cup: Images from the Viaduct Harbour launching ceremony
21 Jul 2012  America's Cup: Emirates Team New Zealand catamaran ready to fly
21 Jul 2012  America's Cup: Images from the naming of Emirates Team NZ's AC72
21 Jul 2012  America's Cup: Big crowd sees first AC72 christened in Auckland +Video
20 Jul 2012  America's Cup: Emirates Team NZ's AC72 by night at the Viaduct Harbour
20 Jul 2012  America's Cup: World's first AC72 to be launched by catapult
19 Jul 2012  America's Cup: Take a walk around Emirates Team NZ's new AC72 - Video
19 Jul 2012  America's Cup: Change of course for Defender raises new issues
18 Jul 2012  America's Cup: A Harbour of two Halves - Emirates TNZ's AC72 revealed
MORE STORIES ...






News - USA and the World

















470 Men and Women Worlds - Champs take over leaderboard by 470 International Association Class,






































ISAF Sailing World Championships - Watch medal races live here by Dan Ibsen, Sail-World Europe & UK editor,








470 Men and Women Worlds - Vadlau and Ogar into pole position by 470 International Association Class,




ISAF Sailing Worlds, Santander - Strong competition for RS:X fleets
ISAF Sailing Worlds, Santander - Big breeze on day 6 + Video
ISAF Sailing Worlds, Santander - Buckingham into Laser Medal Race
U.S. Multihull Championship - Hobie Alter Trophy to be decided
ISAF Sailing Worlds - The kind of form most sailors only dream about
Royal Cup Marina Ibiza - Quantum Racing ahead of target
ISAF Worlds Santander - 19 Rio 2016 Laser Radial spots awarded
Santander 2014 ISAF Worlds - 21 broadcasters to take live coverage
Rolex Swan Cup - Looking forward to the next 30 years
America’s Cup: The Future is foiling – AC45s to be modified
Volvo Ocean Race: Win a stopover trip by designing an ECsix T-Shirt
Red Bull 49erFX: On the eve of the Worlds in Santander
America's Cup: Ben Ainslie Racing launches partnership with Yamaha
2014 Chicago Match Cup - Starts tomorrow
Rio 2016 Daylight the issue for Olympic sailing regatta
ISAF Sailing World Championships - USA 470's and Lasers battle at top
ISAF Sailing World Championships - Santander - Day 5 video highlights
ISAF Sailing World Championships - Santander images by Jesús Renedo
PWA Cold Hawaii World Cup - No action on day 2
470 Men and Women Worlds - Game on for Olympic Qualification
ISAF Sailing World Championships: Finns off to slow start in Santander   
ISAF Sailing World Championships - Seesaw Day 5 in Santander + Video   
ISAF Sailing World Championships - 470 sailors shine in Santander   
Royal Cup Marina Ibiza - Kiwi Ray Davies returns to TP52 fleet   
Starboard Hatteras Wave Jam - No windsurfing action on day 1   
A complete recap of the most successful Melges 20 World Championship   
Rolex Big Boat Series - Prizegiving images by Chuck Lantz   
ISAF Santander - Upwards path for Austrian women's 470 crew + video   
18ft skiffs: Carnage compilation from the glory days of the Grand Prix   
ISAF Worlds: Video from the British Sailing Team   
Bart's Bash expected to set new records this weekend   
PWA Cold Hawaii World Cup - Marcilio Browne wins Super Session   
470 Men and Women World Championships - Racing abandoned on day 2   
ISAF Sailing World Championships - Day 4 images from Santander   
ISAF Sailing Worlds, Santander: Emerging Nations Program sailors shine   
ISAF Sailing Worlds, Santander - Teasing winds play havoc on day 4   
ISAF Sailing World Championships: Hot conditions in Santander on day 4   
Santander ISAF Sailing World Championships joins Bart’s Bash   
PWA Cold Hawaii World Cup - Grounded fishing boat creates problems   
Marseille One Design - GC32 Armin Strom Sailing Team emerge victorious   


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 NEW US
LocalAds   DE  ES  FR  IT