sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : America's Cup: Energy Team signs up with Oracle Racing for an AC72
America's Cup: Energy Team signs up with Oracle Racing for an AC72

'America’s Cup World Series Naples 2012 - Energy Team first training in Naples'    Gilles Martin-Raget/www.americascup.com©    Click Here to view large photo

Energy Team (FRA) have announced they have concluded a licence agreement with Oracle Racing to purchase a base-line AC72 design package,

The move is a strong indicator that the team will become a full-blown Challenger for the 34th America's Cup, and they say they will become the fifth team intending to build an AC72.

Energy Team is led by the iconic Peyron brothers Loick and Bruno, While both are extremely accomplished sailors Bruno has slipped into the mould of handling the business side of the team, while Loick handles the sailing program.

Their maxi trimaran Banque Populaire recently chopped 2 days 18hours of the circumnavigation speed record, in what appeared to be an effortless cruise. the Jules Verne Trophy win did no harm to the team's profile both with fans and potential sponsors - demonstrating the pulling power that could be rolled over into the America's Cup

'This agreement will change a lot of things and there are three immediate consequences for us,' said Bruno Peyron.

Loick and Bruno Peyron - America’s Cup World Series 2011 -  © Stéphanie Billarant / Energy team   Click Here to view large photo
'Firstly, it will allow us to make up for lost time in terms of technological developments in comparison to the top teams, some of which have been working on their projects for more than two years. If we manage to do that, it will allow us to reach the final phase with a boat that can perform extremely well. To finish, the savings in time and money we would have spent on research and development, mean that we can offer the partners we are currently in talks with, an extremely competitive project in terms of communication and return on investment.'

The release from the team goes on to talk about how technology transfer is a key cost-containment feature of 2013 America’s Cup, to be staged in San Francisco. But possibly the most remarkable part of the Energy Team announcement is the statement that they believe they can mount a Challenge that will make the Louis Vuitton Finals for just 15-16 million Euros, which about 20% of the amount reckoned to be a typical AC72 budget.

The French team say they are 'licensing a base-line design package for an AC72 class race boat from the America’s Cup champion.'

In plain language that means that their boat will not be from the generic package developed for teams who wished to do the America's Cup on a budget. Instead they will purchase a package from Oracle Racing in the same way that the Italian Challenger, Luna Rossa bought a base package from Emirates Team New Zealand.

That move triggered two cases to be heard by the International Jury, seeking to determine how much co-operation was permitted between teams that had shared technology.


33rd America’s Cup: Putting Alinghi 5 back in water: Helm Loick Peyron is supervising. -  Carlo Borlenghi- Alinghi ©  
The initial case was bought by Oracle Racing, who said they were contemplating working with a team that was only identified as 'Competitor B'. At the time that team was either thought to be a hypothetical competitor, but it now seems that it could have been Energy Team. The outcome of the case was that the International Jury painted the sidelines on the field of play for teams who wished to work together.

These applied particularly to teams that wanted to buy a basic one boat package to which they would build, and then tune up against the team from whom they purchased the base design, with one or both teams going on to build a second AC72.

Rules for the 2013 America’s Cup allow for the sale and purchase of designs between teams or from the America's Cup organiser's own Shared Design Program prior to 1 January 2013.

From comments in the statement it is clear that Energy Team have not formally entered the America's Cup - they have until 1 June 2012 to lodge an entry and pay the USD100,000 fee. However that is mere icecream money in the grand scheme of America's Cup budgets.

The purpose of the purchase, and more importantly the announcement, is to show to potential sponsors that the team has made a committment to the 34th America's Cup, and are using the time they have available to progress the design/develop/sail facets of the campaign rather than waiting until the ink is dry on all sponsorship agreements before winding the campaign to full speed.

There is no mention of a wingsail design in the package , however presumably this has been included. neither does it say where the wingsaail will be constructed - whether it is a wingsail package from Southern Spars, or if it will be constructed by Multiplast, the nominated builder of the AC72 for Energy Team.

Ironically the announcement of the relationship with Oracle Racing comes on the back of an announcement earlier this week, that a second French team Aleph would be pulling out of the America's Cup World Series and the America's Cup itself.


Start for Maxi Banque Populaire - Rolex Fasnet Race 2011 -  © Rolex-Carlo Borlenghi  


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=95704

11:02 AM Thu 5 Apr 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:

04 Apr 2012  America's Cup: French National team withdraws from ACWS and Cup
03 Apr 2012  America’s Cup defense team Oracle Racing announce competing crews
31 Mar 2012  America's Cup: Russell Coutts reflects with a year to go
28 Mar 2012  America's Cup: San Francisco Board approves Cup Agreement
24 Mar 2012  America’s Cup streamlines, re-organizes staff to promote efficiencies
24 Mar 2012  America's Cup: Oracle Racing Team's serious collision in AC45s
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
MORE STORIES ...






News - USA and the World









2014 Detroit Cup - Sam Gilmour leads by Dobbs Davis, Detroit, Michigan








Audi Melges 20 U.S. Nationals - Oleander takes early lead by International Audi Melges 20 Class Association,










Audi Hamilton Island Race Week: Riding the AC45 - VIDEO by Crosbie Lorimer, Hamilton Island










America's Cup: Five Challengers sign-on for 35th Match by Richard Gladwell/Sail-World.com/nz,


Volvo Ocean Race CEO Knut Frostad talks Time and Money (Part II) *Feature by Rob Kothe and the Sail-World team,


















AWT Quatro Desert Showdown at Punta San Carlos by American Windsurfing Tour,










IFDS Worlds - Wind delays, but racing continues in Halifax
IFDS World Championships - Day 2 images by Jude Robertson
MS Cup - Three days until the start
America's Cup: Rod Davis - Time for a change after ten years with team *Feature
ISAF seeking hosting bids for Nations Cup
Laser 4.7 Youth Worlds - Luvisetto and Alexadr Boite victorious +Video
IFDS World Championships - Action shots by Tim Wilkes
Maxi yacht rendezvous this September in Sardinia
World Yacht Racing Forum 2014: 'Growing the business of Yacht Racing'
Clipper Race: 2015-16 edition of world's longest ocean race 70% full
Sevenstar Round Britain and Ireland - Swish smash 5th World Record
Leaderboards take shape at the Nanjing Youth Olympic Games 2014
IFDS Worlds - Hot competition on first day of racing
Challenging Conditions - CORK OCR
IFDS World Championship - Day 1 for the US Sailing Team
2014 Melges 20 World Championship - Countdown begins
2014 Nanjing Youth Olympic Games - Day 3
America's Cup: Team NZ wish Davis well with new team *Feature
Fisher's View: Sailing perfection at Hamilton Island- Day 3
Roble and Wilson still number one match racers in the U.S.
2014 Formula Kite World Championship Day 1   
IFDS World Championship - Day 1 images by Jude Robertson   
Volvo Ocean Race: Forget the f-word - Team SCA profiled   
52 Super Series - Fleet grows, 2015 dates revealed   
420 and 470 Junior Europeans - Teams from 9 nations on the podium   
IFDS Worlds - Former president presented with ISAF awards medal   
Nanjing Youth Olympic Games - Improvements aplenty in Byte CII fleets   
America's Cup: New Zealand loses top coach to Artemis Racing   
Volvo Ocean Race 2014-15 CEO Knut Frostad talks (Part I) *Feature   
Sevenstar Round Britain and Ireland Race Day 9 - Swish on record pace   
2014 CORK Olympic Classes Regatta - Day 3   
2014 Nanjing Youth Olympic Games - Day 2   
2014 IFDS World Championship: Opening Ceremony images   
Opera House Cup - Images by Ingrid Abery   
Teams descend upon Cowes for inaugural J/111 World Championships   
Hamilton Island Race Week: Everywhere there's smiley people   
IFDS World Championships - US Paralympic hopefuls ready for racing   
Sopot Match Race - Poland's Tour debut deemed a triumph   
Vineyard Race celebrates 80th running of the East Coast classic   
Nanjing Youth Olympic Games: Young sailors begin racing on Lake Jinniu   


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