sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery

 

Sail-World.com : Dalton confirms America's Cup claim on Alinghi

Dalton confirms America's Cup claim on Alinghi

'Grant Dalton speaking at the Emirates Team NZ Media Conference earlier this week'    © Richard Gladwell    Click Here to view large photo

Emirates Team New Zealand managing director, Grant Dalton, has confirmed a report that appeared yesterday in the British newspaper, the Daily Telegraph.

The story by noted yachting writer, Tim Jeffrey, did not name a source for the information, but claimed that Emirates Team New Zealand had sent Alinghi team boss, Ernesto Bertarelli, a claim for compensation of NZD32million if the 33rd America's Cup were postponed to 2010, and a total claim for NZD50million if the event was transferred to 2011.

It was reported that the claim arose from a breach of agreement struck when Emirates Team New Zealand controversarily entered the 33rd America's Cup in an announcement on 25th July 2007.

The entry of the 2007 America's Cup Challenger came after protracted negotiations bewteen the Defender and then Pretender, BMW Oracle Racing. It was believed at the time that Emirates Team New Zealand Grant Dalton had driven a hard bargain with Ernesto Bertarelli, obtaining a number of undisclosed concessions.

Emirates Team New Zealand's entry, in turn, added a lot of credibilty to Alinghi's position in the stand-off with Golden Gate YC, and they were frequently quoted as a credible challenger who had accepted the conditions set by Societe Nautique de Geneve in their Protocol for the 33rd America's Cup.

Many believed that Emirates Team New Zealand's entry had protracted the dispute, and that a refusal by all substantial Challengers to enter the 33rd America's Cup would forestall the action in the New York Supreme Court - forcing an early negotiation.

The dispute was only resolved, to some extent, on Wednesday (NZT) when Justice Herman Cahn issued his decision in the New York Supreme Court on the legitimacy of the Challenger of Record, Club Nautico Espanol de Vela. Finding against the fledgling Spanish yacht club, Cahn ruled that Golden Gate YC was the new Challenger of Record. However Societe Nautique de Geneve, had pre-empted the Court decision, by announcing the postponement of the 33rd America's Cup to an indeterminate time.

It was this decision by SNG, Alinghi and ACM, which triggered the substantial claim by Emirates Team New Zealand.

The Telegraph reported that the other concessions gained by Dalton included a payment holiday on the NZD100,000 entry fee, and first right of refusal on the BMW Oracle Racing base in Valencia.

After a call by Sail-World, Emirates Team New Zealand issued a statement where Grant Dalton commented on the Daily Telegraph report:

'The report in the Telegraph is substantially true.

'Before Emirates Team New Zealand entered the 2009 America’s Cup we sought from Ernesto Bertarelli the security of a side agreement that the event would indeed be held in 2009.

'Bertarelli was adamant the Cup regatta would go ahead as scheduled and entered into a binding agreement on July 25 2007.

'Emirates Team New Zealand entered into the agreement in good faith. The contract provided the assurance we needed to plan for 2009. For Ernesto Bertarelli the agreement with Emirates Team New Zealand ensured another entry for 2009.

'On November 22 2007 AC Management announced that the America’s Cup had been postponed.

'All challengers including Oracle are still adamant they want an event in 2009. This can be achieved easily now as a result of the New York Supreme court decision in favour of Oracle. The decision allows for a mutually agreed document as the basis of the next America’s Cup.

'Such a document has already been formulated between Oracle and the challengers.

'None of the nine points in this document can be construed as onerous for Alinghi.

'As far as Emirates Team New Zealand is concerned the agreement entered into is a simple contract. Therefore we are surprised that Alinghi has seen fit to put this letter in the public domain', the statement concluded.

As it stands, the America's Cup is still on hold, with no negotiations completed between the Challenger of Record and Defender, as to the Match date and conditions.

With this process still in limbo, and with time ticking away, it would seem that the claim by Emirates Team New Zealand would have the effect of adding further pressure to achieve an America's Cup Match taking place in July 2009, preceded by a full Challenger Selection Series, as originally planned.




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=39504

5:59 AM Sun 2 Dec 2007 GMT






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:

27 May 2014  America's Cup: Oracle Team USA under stress
23 May 2014  America's Cup: Oracle and Team NZ designers reveal AC72 secrets
22 May 2014  America's Cup: Artemis death verdict 'result of an human act'
10 May 2014  A year after the Artemis incident, the sailors tell of the pain
01 May 2014  America's Cup: Oracle and Team NZ tech insights - Free lecture tonight
16 Apr 2014  America's Cup: Expected de Ridder penalty should be reduced
14 Apr 2014  America's Cup: Dean Barker's Blog - A sail with the Duke and Duchess
12 Apr 2014  America's Cup: Coutts claims ISAF Jury on a crusade, backs Kiwi report
10 Apr 2014  America's Cup: Two Kiwis escape hometown action in AC45 rules ruckus
03 Apr 2014  34th America's Cup: A Match of three weeks - Part 3 - Under the Pump
MORE STORIES ...

News - USA and the World

































































International Moth Worlds: Rashley ahead as Aussies close in by Mark Jardine / YachtsandYachting.com,


ISAF Youth Match Racing Worlds - American unbeatable on day 1
RS Feva World Championships - All set at Yacht Club de Carnac
ISAF Rolex World Sailor of the Year Awards - Nominations now open
BIC Techno 293 Worlds - Steady winds on day 2 + Video
29er North American Open Championship - Qualifying series wraps up
Opening ceremony O'pen Bic World Cup, Travemunde Week, Germany
Six Metre Europeans - Wind fails to make an appearance on day 2
Edgartown Race Weekend - Let the sailing (and good times) begin
ISAF Youth Match Racing World Championship - Action commences July 23
International Moth Worlds - Mothballed on day 4 + Video
Spirits high as Team Alvimedica completes Transatlantic crossing
Gladwell's Line: A change of direction needed in the America's Cup *Feature
29er North American Championship - Day 1 in Kingston
Red Bull 49erFX: First look at the Olympic sailing venue at Rio
Fuerteventura Kiteboarding Grand Slam - Classic conditions on day 3
NYYC Race Week Part II images by Rolex/Daniel Forster
Drowning or electric shock? What you need to know to help save a life
BIC Techno 293 Worlds 2014 - Day 1
Six Metre European Championship - Blazing sunshine on opening day
National Sailing Hall of Fame to present Lifetime Achievement Award
International Moth Worlds: Greenhalgh and Rashley tied at the top   
PWA Pozo World Cup - Fantastic finale determines winners   
Six Metre Class British Open Championship - Llanoria and Valhalla win   
Anna Tunnicliffe set to compete at the CrossFit Games   
America's Cup: Oracle Team USA holds foiling camp at Wangi SC   
Volvo Ocean Race: Abu Dhabi OR completes double Atlantic crossing   
Volvo Ocean Race: Team SCA has a 'pull through day' off the Canaries   
No tiller sailing - how to steer using just the sails + Video   
International Moth Worlds: Three bullets in a row for Greenhalgh   
U.S. Junior Women’s Singlehanded Championship - Sophia Reineke wins   
BIC Techno 293 Worlds 2014 - Day 0 Opening   
Fuerteventura World Cup - Slalom action highlights day 2   
2014 Governor's Cup - Sam Gilmour of RFBYC victorious again   
Farr 40 West Coast Champ - Skipper Alberto Rossi leads Enfant Terrible   
Flying Dutchman World Championships - Magyars are the Masters   
Final day shakes up standings at Cape Panwa Hotel Phuket Raceweek   
2014 -15 Volvo Ocean Race: Team Alvimedica pushing towards Southampton   
NYYC Race Week - Saving the best for last   
VX One North American Championship - Chris Alexander commands   
2014 Cape Panwa Hotel Phuket Raceweek - Waiting game on Day 3   


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