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

 

Sail-World.com : Emirates Team NZ: Dalton reflects on a tough but very good year

Emirates Team NZ: Dalton reflects on a tough but very good year

'Emirates Team New Zealand COO Kevin Shoebridge and CEO Grant Dalton Louis Vuitton Trophy Dubai.'    Chris Cameron/ETNZ©    Click Here to view large photo

Emirates Team NZ CEO, Grant Dalton, looks back on a busy year for the world's most successful sailing team, now campaigning in the America's Cup, Volvo Round the World race and Extreme 40's ….

I guess this can be a Christmas blog. That means I reflect on the year – the good the bad and the ugly.

Not so sure about the ugly or even the bad; there hasn’t really been too much.

Probably I should start right at the beginning of the year because at that stage I didn’t think we were going to make it. We have enough money to stay afloat till March, courtesy of Matteo de Nora and Stephen Tindall but that was it. I was hunting sponsors hard. Have a look around, it’s tough out there and the America’s Cup is way too expensive.

When you add those two together the prospects for a commercial team surviving were slim. Right now we are not seeing another commercial team – except perhaps Team Energy.



The tide turned when Emirates reconfirmed and, although most people think that was always going to happen, in fact pre Christmas they looked like they were gone. Prior to their confirming our longest continuous sponsor,Toyota, had also confirmed. But even with these two, plus Government money, we were a long, long way from making it. However from then, it was a bit of a whirlwind of travel, presentations and hoping. Omega came next, again a long time sponsor,then a critical call, Nespresso came in, Camper followed and armed with these sponsors we called it on.

We still had a lot of money to raise but by now, Matteo and Stephen were standing by. More recently both the Luna Rossa deal and a still to be announced partner have made things a lot more comfortable.

I guess the bad was/is the exchange rate. Yes we hedge but only so much. Most of our money comes in Euros but is paid out in NZ$. Compared to the last campaign we need 15% more just to be in the same place – impossible in this market you would think so but in fact we now have this money.



While on the bad the cost of the America’s Cup. Statements about ‘ 'cost reduction' where just that, statements. In fact it’s more expensive and no real cost control measures exist. If the sport is to survive, and I include Volvo as well, someone has to get serious about this. To date the Cup has four teams, including us, the other three are funded by billionaires, which is hardly a good model.

And so the racing for the year. Leading the AC45 World Series, second in the Volvo so far and a third in the X40 season even with multiple crew changes. That’s not bad considering that all that was happening last Christmas was the Volvo boat build. Add to that the two SL33 cats which now both have new wings and a AC72 that is in full build now.

Throughout the year while the sailing has been going on the designers have been working on the new boat. By mid-2012 we will get to see their creation. Any and the shore team have also totally refitted our base, as well as run all the operations on the ground here in New Zealand.

Emirates Team New Zealand press conference to announce their participation in the 33rd America’s Cup and the signing of Nespresso as a sponsor. (L to R) Dean Barker, Richard Vaughan DSVP commercial ops Emirates Airline, Grant Dalton CEO of Emirates Team New Zealand, Bob Field Chairman Toyota New Zealand and Kevin Shoebridge COO of ETNZ. -  Chris Cameron-ETNZ©?nid=91790  

Mike Hill, Dell’s NZ Manager explains the partnership with Emirates Team NZ - SL33 - 13 July, 2011 -  © Richard Gladwell?nid=91790   Click Here to view large photo

Camper, leg 2 - Volvo Ocean Race 2011-12 -  Hamish Hooper/Camper ETNZ/Volvo Ocean Race©   Click Here to view large photo

Emirates Team New Zealand - Extreme Sailing Series -  Lloyd Images?nid=91790_©  

Emirates Team NZ - SL33 - 13 July, 2011 -  © Richard Gladwell?nid=91790   Click Here to view large photo

Skipper, Dean Barker - Emirates Team NZ -  © Richard Gladwell?nid=91790   Click Here to view large photo

Emirates Team New Zealand and Oracle Racing - America’s Cup World Series Cascais 2011 -  ACEA - Photo Gilles Martin-Raget?nid=91790_©  

Emirates Team NZ - Wingsail test - 3 November 2011 -  © Richard Gladwell?nid=91790   Click Here to view large photo




by Grant Dalton

  

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

http://www.sail-world.com/index.cfm?nid=91790

12:53 AM Tue 13 Dec 2011 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
2011 Emirates Team New Zealand news

Related News Stories:

26 Aug 2014  Emirates Team NZ: Last race boost cannot save team from table bottom
25 Aug 2014  Emirates Team NZ: Frustrating Day 3 in Extreme Sailing Series, Cardiff
24 Aug 2014  Emirates Team NZ: Collision puts an end to bid for a better day at ESS
23 Aug 2014  Extreme Sailing Series: Barker rusty and pays penalty in Wales - Day 1
09 Aug 2014  America's Cup: Former Artemis crew member says danger is being ignored
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
MORE STORIES ...

News - USA and the World









Audi Melges 20 World Championship - Alessandro Rombelli's 'STIG' leads by International Audi Melges 20 Class Association,




























Aldo Alessio Regatta - Three days of tight racing by Erik Simonson, Pressure-Drop.US,










Sailing Champions League - which is Europe's best sailing club? by Dan Ibsen & the Sail-World team, Copenhagen


Weta fun at the Wine & Roses Regatta by Bruce Fleming, Santa Barbara
















J/111 World Championships - The Winner is Shmokin Joe! by Stuart Johnstone, Cowes, Isle of Wight


J/24 US National Championship - Victory for Will Welles’ Cougar
Extreme Sailing Series: View the Final Day's action - Replay
NYYC Grandmasters Team Race - Reign continues for Noroton Yacht Club
WSSR announces new World Record Around Britain and Ireland
IFDS Worlds 2014 - Final day photos by Tim Wilkes
2014 Detroit Cup - Morvan wins
Newport Bucket Regatta 2014 -Images by George Bekris
IFDS Worlds 2014 - Final report: USA qualifies for Rio 2016
Extreme Sailing Series: Absent With-Out Leave – Ben Ainslie Racing
2014 IFDS World Championship - New champions claim medals
2014 IFDS World Championships - Sunday’s race images by Tim Wilkes
Shark World Championships underway in Toronto
Anna Tunnicliffe: Alinghi second o'all - Extreme Sailing Series, Day 3
Formula Kite World Championships - Nocher and Bridge crowned Champions
Emirates Team NZ: Frustrating Day 3 in Extreme Sailing Series, Cardiff
Extreme Sailing Series: Light winds help The Wave Muscat - Day 3
Extreme Sailing Series 2014 Act five - Absent without leave – the wind
IFDS Worlds 2014 - Images: Race day five
Herreshoff Classic Regatta 2014 - Images by Ingrid Abery
Youth Olympics - Gold to Argentinean and Chinese Techno 293 racers
Youth Olympics Games Nanjing - Double Youth Olympic Gold for Singapore   
Sevenstar Round Britain and Ireland Race 2014 - Two Handers celebrate   
Audi Melges 20 U.S. National Championship 2014 - Brazilian dance party   
IFDS Disabled Sailing Worlds Day 5 - USA fighting for Rio 2016 Berths   
J/111 World Championship 2014 - Day 4: Shmokin Joe consolidates lead   
Anna Tunnicliffe: Alinghi on top - Extreme Sailing Series, Day 2   
2014 IFDS World Championships - Breezy frustrations   
2014 Detroit Cup - Down to the final four   
Sevenstar Round Britain and Ireland Race - Every finisher's a winner   
2014 49er, 49er FX, Nacra 17 U.S. National Championship - Day 2   
J/24 US National Championship - Will Welles leaps into lead   
J/111 World Championships - Day 3   
Extreme Sailing Series Act 5 – Day 2   
Light wind and a freak storm at Youth Olympic Sailing Competition   
31st Audi Hamilton Island Race Week - Declared 'best ever'   
2014 IFDS World Championships - Aussies on fire   
2014 IFDS World Championships - Saturday’s racing images by Tim Wilkes   
2014 IFDS World Championships - Day 5 images by Jude Robertson   
2014 Audi Melges 20 U.S. National Champ - Day 3 images by Joy Dunigan   
Holt’s 25-year dream comes true with 505 Worlds Victor   


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