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

9:31 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

Today, Ben Ainslie Racing (BAR) took to the water for the first time from their temporary base in Southampton, sailing their foiling AC45. The boat originally raced under BAR colours during the America’s Cup World Series in 2012-13, and has subsequently been modified to fly on hydrofoils. ... [more]  

As of the 2140UTC report on Day 10 of the first Leg of the Volvo Ocean Race, the placings on the water on the water had not changed during the day, but the distances between the boats had reduced. The two easternmost boats, Abu Dhabi Ocean Racing continued to lead but is only 4nm ahead of Team Brunel with about 600nm to sail to the turning mark of Fernando de Noronha 220nm off the coast of Brazil. ... [more]  

The calm weather returned on day five of the La Torche PWA Grand Slam as the wave sailors recovered from yesterday’s punishing, but brilliant, conditions. After a chilly start, with the thermometer reading just five degrees celsius, the temperature soon rose with the appearance of the sun, making for another stunning autumn day. ... [more]  

Day five of the Rolex Middle Sea Race has proved a day of reckoning for the competing fleet. The forecast strong northwesterly wind has arrived and consistently blown over 25 knots with gusts exceeding 40 knots. The effect has been to catapult the previously slow moving yachts towards the finish line in Malta. ... [more]  

A day and a night of uncertainty - later, the Doldrums will come to an end for the Volvo Ocean Race teams. By tomorrow morning, the fleet should be sailing safely in the southeasterly trade winds. So – who won this equatorial lottery? What was the best place to cross this convergence zone, where two hemispheres and two weather systems collide? ... [more]  

Known for erratic light airs alternating with sudden gusts that can last a minute or an hour from the giant unstable vertical clouds, the Doldrums (aka more officially the Inter-Tropical Convergence Zone) are the unavoidable low-point of leg 1 of the Volvo Ocean Race for the determined men on Dongfeng. ... [more]  

Volvo Ocean Race 2014-15. Onboard Team Alvimedica. The synopsis is pretty straightforward: we are stuck in the Doldrums. Stuck, and stuck real good. All things considered, yesterday was actually pretty decent. We had a quick morning rainsquall that was able to power us south through the first line of ITCZ clouds already towering above our heads by 10AM. ... [more]  

Rolex Middle Sea Race - Artie gunning for glory by Media Royal Malta Yacht Club
Lee Satariano's Maltese J/122, Artie has emerged as the hot favourite to become the overall winner of the 2014 Rolex Middle Sea Race. However, at 16:00 CET, Artie was still 80 miles from the finish and the Mistral storm is still raging. In addition, there are several yachts behind Artie that could still claim the overall prize. ... [more]  

Volvo Ocean Race 2014-15, Onboard Team SCA. Today I would like to share another perspective with you. Given the kind messages from Team SCA followers that we have been receiving onboard (thank you!), it would seem daily reports from our onboard reporter Miss Halloran and our onshore media crew have been doing a wonderful job of sharing our journey thus far. ... [more]  

The 17th edition of the Rolex Farr 40 World Championship took place from 15-18 October in San Francisco, USA. Hosted by the St. Francis Yacht Club, the 2014 Rolex Farr 40 Worlds welcomed 19 international entrants - comprising teams from Australia, Canada, Germany, Italy, Mexico, Turkey and the United States. ... [more]  

After two days of intense racing at the 2014 RS:X Youth Worlds in Clearwater, both fleets have completed a full schedule of six light-wind races, and they’ve earned their lay day! Very light and shifty winds were forecast for the day, and it was a nice surprise to see a seven knot side-off breeze fill in early from the North. ... [more]  

Rolex Middle Sea Race - Big breeze and lumpy seas by Media Royal Malta Yacht Club
There are 92 yachts still racing in the Rolex Middle Sea Race. The expected frontal system arrived around Midnight last night at the northwest corner of the course. Reports of storm force winds and big seas have been received by the Race Committee and 25 yachts had officially retired from the race by 15:00 CET on Wednesday 22 October. ... [more]  

Justin 'Judd' Goldman was 17 years old when he suffered a disabling bone disease. After realizing that there were few sports that he could participate in he discovered sailing. Over the next 58 years he competed successfully in many races throughout the world. ... [more]  

Volvo Ocean Race: Blogs from the Boats - Leg 1, Day 10 plus Videos *Feature by Richard Gladwell/Sail-World.nz/com
Several of the On Board Reporters aboard, provide their unique views of Leg 1, Day 10 of the Volvo Ocean Race - in text, images and video: You know when you try to stick two positive magnets together and regardless as to how close you get them they never touch? Well, the ITCZ is a bit like that. ... [more]  

Volvo Ocean Race: Leg 1 turns inside out in Doldums *Feature by Richard Gladwell, Sail-World.com/nz
As reported earlier Leg 1 of the Volvo Ocean Race would seem to have gone from being a tightly fought contest to being a procession to Cape Town. Even though only 40% of the course has been sailed, the distance between the boats are significant (other than the two lead boats) and look set to increase. ... [more]  

Student Yachting World Cup - After those days of sun and light air, the weather was upside-down with a cloudy sky threatening us of heavy shower at any time and a strong wind fluctuating from 15 knots to 25 knots! Two windward-leeward races took place today as the wind became far too heavy in the early afternoon. The 13th race began this morning: a second start occurred under black flag. ... [more]  

2014 Argo Group Gold Cup - Over the last few days there have been frantic phone calls between travel agents from competitors at the Argo Group Gold Cup, the sixth stage and the oldest event on the Alpari World Match Racing Tour. Over Friday night and into Saturday the Category Three Hurricane Gonzalo passed directly over Bermuda pummelling it with 100+ knot winds. ... [more]  

Volvo Ocean Race: Big gains for two boats in Doldrums *Feature by Richard Gladwell/Sail-World.com/nz
Two boats have made big gains in the Doldrums, with the western-most competitors apparently not stopping and sailing though the convergence zone between northern and southern hemispheres, without dropping below 8kts. Team Brunel and Abh Dhabi Ocean Racing have both made big gains on the rest of the fleet - and the two easternmost boats - Team Vestas Wind and Mapfre, in particular. ... [more]  

In spite of Hurricane Gonzalo's thrashing of the Onion Patch last week, the Royal Bermuda Yacht Club and the people of Bermuda are ready to host the 2014 Argo Group Gold Cup, Stage 6 of the Alpari World Match Racing Tour (AWMRT). All 20 teams have arrived safely from their corners of the world and will practice for a day and race on Wednesday. ... [more]  

While the Renaissance Re Junior Gold Cup always offers opportunities for young people to have new experiences, coping with Hurricane Gonzalo offered the 14 competitors traveling from overseas to Bermuda a hurdle that strengthened their respect for this island nation. Many of the 14 competitors spent layover time in either hotels or airports and some are now guests in homes without electricity. ... [more]  

Dynamic Stability Systems welcomes last week’s decision by IMOCA to place no further restrictions on its class rule. This permits both the six new IMOCA 60s currently under construction, as well as the existing fleet, to be fitted with the lateral lifting foils which DSS has spent the last decade pioneering. ... [more]  

Groupe Beneteau today announced its sponsorship of the US Sailing Team Sperry Top-Sider and ISAF Sailing World Cup Miami. Groupe Beneteau is the world's leading yacht builder, and will now become a significant presence in high-performance sailing with its support of both the US national sailing team and North America's premier Olympic and Paralympic classes regatta. ... [more]  

Volvo Ocean Race 2014-15. It’s the place where the northern and southern winds meet, where a sailing race can be won or lost in an instant. And with its complex and confusing conditions, lack of breeze, and stifling heat – it’s also a place that most sailors can’t wait to see the back of. But there is one good thing about the Doldrums. ... [more]  

The Atlantic has proved to be a test for the VO65s in the Volvo Ocean Race and their teams as a battle of gybing down the west coast of Africa broke out, keeping all boats in a relatively tight-knit pack for much longer than expected. Having passed Morocco and the Canaries, we were drawn to the tricky-to-handle magnet of Cape Verde. ... [more]  

It’s the dawn of a complicated day in the Volvo Ocean Race. Let’s face it: we’re not having a very good time on Dongfeng. We lost distance last night, and our leading position. The day got dull afterwards. Sailing straight ahead, with the spinnaker up, in light winds. ... [more]  

Volvo Ocean Race 2014-15, Day 10 onboard Team SCA. Two days, eight hours, thirty-four minutes, and ten seconds, nine seconds, eight, seven, six, five… over the last few days the clock has gotten louder and louder as it counts down to October 23rd at noon—the time when we cross the equator and the time when myself and six other sailors join the rest of our crew in King Neptune’s court. ... [more]  

For Pablo Arrarte Elorza, the Volvo Ocean Race is a tough challenge. Not as far as physical effort is concerned because this likeable Spaniard is a very strong guy. For Pablo, the race is mostly a culinary war of attrition because the food that the team has bought with it on the race does little to please his gourmet palate. ... [more]  

The 2014 RS:X Youth Worlds kicked off on October 20th in Clearwater, USA, and it was hard work from the start: in 5-6 kt of breeze, offshore to start the day and side-on to close it, pumping was in order for the 54 boys and 28 girls gathered here for the 2014 RS:X Youth World Windsurfing Championships. ... [more]  

The team at The St. Maarten Heineken Regatta are very happy to announce that entries are now open for the 2015 Regatta, taking place March 5 - 8. The team hopes to see lots of return entries as well as new ones this year, all coming to celebrate the event's 35th year. In order to celebrate this milestone year, there will be some new features this coming season. ... [more]  

After three complete days at sea only three boats competing in the 2014 Rolex Middle Sea Race have passed the northwest tip of Sicily, roughly the halfway point of the race. The prevailing wind remains weak, but is expected to strengthen this afternoon coinciding with the arrival of bulk of the fleet t the Egadi Islands. ... [more]  

Last week the Volvo Ocean Race was all about VMG downwind sailing, with Dongfeng being the star performer. After DFRT took the lead, they shortly lost it again 36 hours later after hitting something in the water and losing their rudder. Two hours later they were up and running again with the spare in. Impressive stuff. ... [more]  

Volvo Ocean Race: Blogs from the Boats - Leg 1, Day 9 plus Videos *Feature by Richard Gladwell/Sail-World.nz/com
Several of the On Board Reporters aboard, provide their unique views of Leg 1, Day 9 of the Volvo Ocean Race - in text, images and video. ... [more]  

Rolex Middle Sea Race 2014 - Fight to the finish by Media Royal Malta Yacht Club
Igor Simicic's maxi, Esimit Europa 2 is expected to finish the Rolex Middle Sea Race in the early hours of tomorrow morning. However the 100ft carbon fibre canting keel Maxi is under serious pressure to secure their fourth Line Honours victory in the race. ... [more]  

Student Yachting World Cup - Fourth race day + Video
New improved swell forecasting and more locations from PredictWind
Volvo Ocean Race: Day 9 final report - Lead continually changing
Renaissance Re Junior Gold Cup - An opportunity for growth
Volvo Ocean Race: Fleet charges the door of the Doldrums Casino *Feature
La Torche PWA Grand Slam - Light winds on day 3
Volvo Ocean Race: Navigators throw away the routing textbook
Volvo Ocean Race - The Doldrums, a navigational nightmare + Video
Rolex Middle Sea Race - Maltese yachts top the leader board
Star Sailors League Finals - Torben Grael and Jorge Zarif join fleet
Volvo Ocean Race - Team Alvimedica heads for the Doldrums
Volvo Ocean Race - Team SCA, a crew on a mission
Thailand bids for 2016 IODA ‘Optimist’ World Championships
Farr 40 Worlds: Prizegiving images from the Final day in San Francisco
Bill Green - builder and sailor passes on
ISAF World Sailing Rankings – 20 October 2014
Farr 40 Worlds: Images from the Final day in San Francisco *Feature
Farr 40 Worlds: Images from Day 2 in San Francisco *Feature
Rolex Middle Sea Race 2014 - A hard day's night
34th Student Yachting World Cup 2014 - Second race day
Volvo Ocean Race: Dongfeng loses lead, anyone's race ahead of Doldrums *Feature   
Flying Dreams 'An Ocean Story': The Movie   
New super maxis gear up for Rolex Sydney Hobart   
Volvo Ocean Race: Blogs from the Boats - Leg 1, Day 8 plus Videos *Feature   
Linda Elias Memorial Women’s One Design Challenge - Youngerman wins   
2014 Off Valparaíso Race - Santander team victorious   
La Torche PWA Grand Slam - Waves continue to pound on day 2   
Volvo Ocean Race: Dongfeng consolidates lead on Day 8 *Feature   
RS:X Youth World Championships - All set for Clearwater action   
Rolex Middle Sea Race 2014 - Slow road north   
Volvo Ocean Race 2014-15 – Dongfeng Race Team - A risky call   
Rolex Middle Sea Race 2014 - Escaping the shroud of Mount Etna   
Farr 40 Worlds: Day 4 Image and Video gallery *Feature   
Australian 18 Footers League’s Major A. Frizelle Trophy   
Volvo Ocean Race 2014-15 - Leader gambles on Island windshadow   
2014 Sailing World Cup Qingdao - Final day video highlights   
2014 Rolex Farr 40 World Championship - Plenty of time   
Coast Guard rescues two near Wachapreague   
2014 Off Valparaíso Race - Day 2   
La Torche PWA Grand Slam - Massive swell on day 1   


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 VIR US
LocalAds   DE  ES  FR  IT