Please select your home edition
Edition
SOUTHERN-SPARS-OFFICIAL-SUPPLIER-52-SS728-X-90

America's Cup: DutchSail launches appeal for public backing

by Richard Gladwell/Sail-World.com/nz 23 Mar 16:35 PDT 24 March 2019
Simeon Tienpont - DutchSail walkabout on the America's Cup bases - February 15, 2019 © Richard Gladwell

America's Cup Challenger, DutchSail has announced a crowdfunding campaign to supplement other fundraising and sponsorship for the first America's Cup Challenge from The Netherlands.

The team have gone to Dutch individuals and corporates looking for a promise of 100 euros per month for 24 months. The shares will be held on behalf of the team by the DutchSail Foundation.

The concept is similar to that used by Peter Blake and Martin Foster to get New Zealand's first Whitbread Race boat into the 1981/82 event.

Over 400 companies, yacht clubs and individuals made a set cash undertaking to provide funding for Ceramco New Zealand, alongside major sponsors and suppliers.

A similar response to the Dutch appeal would tip €1million into the DutchSail team coffers. At the time New Zealand's population was just 18% of the current Dutch population, and the Netherlands are arguably the world's leading sailing nation. On that level of response the DutchSail Foundation would hold €5million for the team.

A variation on the theme was used by Grant Dalton to fund his Whitbread maxi NZ Endeavour which won the 1993/94 Whitbread Round the World Race.

Skipper and CEO, Simeon Tienpont says the funds will not be drawn down unless the team are able to see their way through the Challenge - a decision that will be made on April 1, when the team says a registration fee must be paid.

Tienpont told leading Dutch sailing journal Zeilen: “We have to take a bump these days, and then everything starts to gain momentum, because the campaign is ready. But it is a difficult bump. April 1, registration fees must be paid, but of course that is behind the fact that we have to take on tough commitments in purchasing design and start building the boat. You can pay a registration fee, but if you were then unable to build the boat, you should not have registered. The bump is the amount that we have to undertake in terms of obligations.

Tienpont explains how the program will work: “Behind the scenes we are working feverishly to secure the financing of the entire campaign. With governments, in the maritime sector, the knowledge and innovation partner, and with institutions, funds, founding fathers and with private individuals. All in all it looks great, but what we can now use well is that a large group of private individuals say: I am participating now. I sign up for DutchSail certificates! We want to give that final boost with a large group of enthusiastic private individuals. Yes, those individuals are going to make the difference. "

"The certificates cost 100 euros per month for 24 months. So you pay a total of 2400 euros," he told Zeilen. "That is a hefty sum, but it can mean that the Netherlands will soon participate in the battle for the oldest sports trophy in the world!"

“We will only start collecting after 1 April, so after we have decided that the campaign can continue. Everyone can register, but there are actually no risks.

”Fortunately, you also get a lot back for your investment. Your name will soon appear on the Dutch AC75 , you will have access to the team base, you will receive exclusive merchandise and even more.

Like the Ceramco NZ the team are offering a very attractive package for investors, which interestingly includes a discounted package for the America's Cup World Series Event to be held in Scheveningen

You can read the details and see the certificate of undertaking on the DutchSail site www.dutchsail.com

The full benefits package is as follows:
• Access to the annual meeting of certificate holders
• Attribution on the Dutch AC75
• Special Merchandise - only for certificate holders or team members; not . commercially available
• Access to Team Base
• Exclusive 2x a year reception with presentation / lecture
• Priority and discount on ACWS package in Scheveningen
• Access to DutchSail Community
• Own community with login
• Regular updates on AC36

Related Articles

The grind is on for Emirates Team NZ's sailors
Two years out from the 36th America's Cup and the grind is on for Emirates Team New Zealand's sailin Two years out from the 36th America's Cup and the grind is on for Emirates Team New Zealand's sailing team. Posted on 17 Apr
America's Cup: New Sponsor signs with Emirates TNZ
Emirates Team New Zealand signs HP as new Official Sponsor Leading technology supplier, HP has strengthened its collaboration with Emirates Team New Zealand, rejoining for the 36th America's Cup campaign as an Official Sponsor Posted on 16 Apr
Emirates Team NZ's Shoebridge outlines Cup plans
Emirates Team NZ's Kevin Shoebridge gives a heads-up on what to expect from now to Dec 2020 Emirates Team New Zealand COO, Kevin Shoebridge says that a revised America's Cup World Series schedule will help Emirates Team New Zealand and the three so-called Super Teams. Posted on 12 Apr
America's Cup: Spithill winds up Kiwi media, again
America's Cup winner Jimmy Spithill back on form for biography launch in Italy As part of the launch of the Italian language edition of his biography, former Oracle Team USA skipper, Jimmy Spithill couldn't resist a small indulgence in one of his favourite pastimes - teasing the Kiwi fans and media Posted on 10 Apr
Emirates Team NZ on the America's Cup money-hunt
Emirates Team NZ's Kevin Shoebridge on the fundraising process for a commercial Am Cup team Imagine having to raise northwards of $100 million within four years just to run your business, and not being entirely sure how you're going to do it. This is how Emirates Team New Zealand operates day-to-day. Posted on 10 Apr
America's Cup: SSUSA has management change
Two of the late Challenging teams have confirmed they are definitely in the 36th America's Cup Following claims by 3News that "half of the boats challenging for the America's Cup will not make it to the start line in 2021", two of the late Challenging teams have issued statements confirming they are definitely in the 36th America's Cup. Posted on 3 Apr
Gladwell's Line: The Riddle of the Am Cup Releases
Two years to go seems to be a critical time for America's Cup campaigns. It was a surprise to get a call mid-afternoon yesterday from a TV news reporter, asking if there was any truth in the statement that all three of the late Challengers were writing media releases saying they were pulling out of the 36th America's Cup. Posted on 3 Apr
Work progresses on America's Cup bases in Auckland
Work is proceeding on several fronts for the construction of America's Cup bases, in Auckland. Work is proceeding on several sites for the construction of America's Cup bases, in Auckland. The first bases are expected to be handed over in four months Posted on 2 Apr
Am Cup: April is the month of truth for the Dutch
Pressure is on the DutchSail team as they put together the funding for their Dutch entry in Am Cup As payment deadlines come and go in the 36th America's Cup, the DutchSail team have issued a media statement indicating that the team is making progress towards achieving a build deadline. Posted on 1 Apr
Tommy Gonzalez on the Eagle Class 53 foiling cat
An interview with Tommy Gonzalez about the Eagle Class 53 foiling catamaran I checked in with Tommy Gonzalez, the owner and president of Fast Forward Composites and the creator of the new Eagle Class 53, via email, to learn more about this wingsail-powered, foiling catamaran. Posted on 1 Apr
Melges IC37 2019 FooterNaiad 660x82px_RescueZhik 2018 Yacht 728x90 BOTTOM