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



































































Women’s Match Race Golfe du Morbihan - Light wind opener in Vannes
International Moth Worlds: Rashley ahead as Aussies close in
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   


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