sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : America’s Cup streamlines, re-organizes staff to promote efficiencies
America’s Cup streamlines, re-organizes staff to promote efficiencies

America’s Cup organizers today announced that the agreement on the verge of being finalized with the City of San Francisco will lead to organizational changes and staff reductions at the America’s Cup Event Authority, the commercial arm of the sport, due in part to down-sizing of the event footprint in San Francisco.

The reductions will impact 14 in San Francisco and another 14 staff at other offices around the world.

'These individuals have been valued members of our team since the start of the Event Authority and have made many valuable contributions to our organization, and we wish them all of the best in their future endeavors,' said Stephen Barclay, Interim CEO, America’s Cup Event Authority. He said severance packages were in place for the departing employees who were informed of the decision of staff reductions today.

'We must ensure that our expenses match revenues. We made these changes to create efficiencies necessary to ensure that we deliver an exciting and important event for both the world of competitive sailing and San Francisco,' Barclay added.

He said the America’s Cup Event Authority was pleased it had reached a new agreement with the City of San Francisco, and hopes the Supervisors affirm the Agreement next Tuesday. The financial package is 'not what we had anticipated or planned for but we are moving forward because this sailing event will be fantastic for the teams, sailors around the world and all San Francisco.

Racing is set to kick off this year with the America’s Cup World Series events the first of which will be in Naples, Italy in April 11-15th followed by events in Venice, Italy (May) and Newport, Rhode Island (June).


by America's Cup

  

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

http://www.sail-world.com/index.cfm?nid=95211

10:08 PM Fri 23 Mar 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:

24 Mar 2012  America's Cup: Oracle Racing have serious collision in AC45's
21 Mar 2012  America's Cup Chairman to head AC World Series Development
16 Mar 2012  America's Cup: Artemis Racing debuts full scale AC72 wing
16 Mar 2012  America's Cup - Artemis Racing take to the water with new AC72 wing
14 Mar 2012  America's Cup: Artemis Racing test new wingsail on Orma 60 in Valencia
02 Mar 2012  America's Cup: Major America's Cup TV deal announced
29 Feb 2012  America’s Cup - San Francisco's Pier 80 a major player
28 Feb 2012  America's Cup Uncovered: Episode 27 - Luna Rossa fitness tests
28 Feb 2012  America's Cup Uncovered: Episode 26 - Wing Extensions
23 Feb 2012  America's Cup: San Francisco Cup course is placed close to shore
MORE STORIES ...






News - USA and the World



The first annual WetaFresh is a big success by Tim Wieringa, Muskegon, MI














Techno 293 Worlds - France and Italy claim titles by International Windsurfing Association,














420 World Championship - Singapore and Spain out front by 420 International Class Association,






























Lightning strikes cut short CFJ Nationals by Andy Kopetzky, Santa Monica Bay






J/111 North American Championship - Wind Czar victorious
Sevenstar Round Britain and Ireland Race sets off August 10th
PWA Fuerteventura Grand Slam - Antoine Albeau victorious on day 5
Snipe Western Hemisphere and Orient Championship headed for San Diego
WPA Championships - Kids race divisions offered
New Clever Pig launched by US Sailing
America's Cup: Group agrees to co-operate in London Meeting
Copa del Rey Mapfre - Build-up reveals some remarkable enthusiasm
Marblehead NOOD Regatta - Images by Leighton O'Connor
America's Cup: Two AC72 skippers discuss Foiling Moths and the Cup
RS Feva World Championship - Brilliant sailing on day 2
America's Cup: Alameda makes overtures on Venue hosting for San Fran *Feature
Cape Panwa Hotel Phuket Race Week 2014 - Relishing a challenge
Edgartown Race Weekend - BBBR and Round-the-Island Race winners named
Etchells Invitational Cup - Aussies take early lead in Cowes
PWA Fuerteventura Grand Slam - Antoine Albeau strikes back on day 4
Aquece Rio – International Sailing Regatta - All set for test event
ISAF World Sailing Rankings for 28 July 2014
29er World Championship - All set in Kingston
ORC World Championship - Third Course area opens for huge fleet
Day one of the Allen RS Feva World Championships   
Anna Tunnicliffe: Final two days of the 2014 Reebok CrossFit Games   
Joachim Aschenbrenner takes gold at ISAF Youth Match Race Worlds 2014   
Maxi Soh scores double wins in CMRC Summer Doubleheader   
29er World Championship opening ceremonies in Confederation Park   
PWA Fuerteventura Grand Slam - Action resumes on day 3   
Land Rover Sydney Gold Coast Yacht Race Start 2014 VIDEO   
Laser Radial Men’s World Championship 2014- Final day   
2014 Pacific Cup - Scarlet Runner wins   
Gladwell's Line: America's Cup - Joint Statement is a curious note *Feature   
ISAF Youth Match Racing World Champ - Top four battle it out for final   
BIC Techno 293 Worlds 2014 - Day 6   
PWA Fuerteventura Grand Slam - Wind teases competitors on day 2   
Women’s Match Race Golfe du Morbihan - Action-packed day of racing   
Herreshoff Marine Museum announces successful fundraising campaign   
Brewin Dolphin Commodores' Cup - The most comprehensive victory yet   
Anna Tunnicliffe fourth at mid-point of 2014 Reebok CrossFit Games   
2014 29er North American Open Championship - Australians win   
INSA Sabot II Invitational Regatta - Erik Hou claims victory   
CMRC Summer Invitational Series - Maxi Soh wins Doubleheader A event   


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