Please select your home edition
Edition
Windtbot-COACH-720x90

America's Cup: DutchSail gaining momentum

by Richard Gladwell, Sail-World.com/nz 1 Apr 14:07 PDT 2 April 2019
Eelco Blok (CEO) and Simeon Tienpont (Skipper) - America's Cup - DutchSail visit Auckland, February 15, 2019 © Richard Gladwell

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.

Yesterday (NZDT), the three late entry teams were required to pay an instalment of their late entry fee of USD$250,000. The Performance Bond of USD$1million is required from all Late Entry teams by April 30. In previous Cups, the Bond does not have to be a cash payment but can be a documentary Bond.

The media statement issued by DutchSail follows a crowdfunding proposal released by the team last week, calling for pledges of €100 a month for 24 months from fans and supporters. The funds would not be drawn unless it was determined that the Challenger would proceed.

The DutchSail statement confirms that the financial hurdles ahead of the team (and indeed all Late Entry teams) are substantial, and indeed construction of their AC75 probably needs to have started by June 1, 2018.

That date implies that the design must be completed to a stage sufficient for the hull construction to be commenced. The easy solution to that dilemma is to purchase the basic design package on offer from Emirates Team NZ. However, that involves the outlay of around $5million, which in a phase of the Cup (for the Late Challengers) where Cashflow is King, makes their task even more difficult.

However the purchase of the Kiwi plans does mean that the hull shape is determined, the foiling arms and the ancillary kit is supplied and will fit the basic design. The key areas to be resolved are the foils to be attached to the foil arms and the aileron on the rudder (both of which presumably are already contained in the ETNZ package, and could be built either as designed or modified).

The statement issued earlier this morning from DutchSail reads: Pressure is on the DutchSail team as they put together the funding for their Dutch entry in the America’s Cup. As the moment of truth is at hand, currents have gained momentum in the past days.

Eelco Blok, general manager DutchSail: “We started in November with a backlog, and we are working hard to make up lost ground. It will be incredibly exciting to put together the funding. We are facing killer deadlines, but as long as there are chances, we won’t give up”.

Simeon Tienpont states that the main pressure is on the planning and construction of the boat, and on building the team: “We have to get down to work with the boat and the team; we cannot delay any longer. We need to take the water.”

The America’s Cup is considered the first international sports event and was originally awarded in 1851 by the Royal Yacht Squadron for a race around the Isle of Wight in the United Kingdom. The cup is named after the first winning yacht, the America. The America’s Cup is not only a test of sailing skill but also innovation in competitive yachting - breakthrough innovations that continue to shape the global maritime and aeronautical industries.

For the first time in the 167 years of history of the “Auld Mug”, initiated by Simeon Tienpont, the Dutch syndicate by the name of DutchSail signed up with the winner of the 35th America’s Cup - The Royal New Zealand Yacht Squadron. In March 2021 the contestants will compete in the 36th edition in Auckland. The Kiwi defender laid down the AC75 boat design. The distinctive characteristic of the design is the 75-foot monohull with a canting foil, which makes the boat fly over the water on a single hydrofoil with a speed up to 80 km per hour.

Related Articles

America's Cup: Foil Arm explodes in test - Video
New video shows America's Cup AC75 foil arm exploding in destruction test Three videos (including one uncut) have been released by America's Cup media and another party which shows the testing, including the failed September 2018 load testing, and the May 2019 successful test of the carbon foil arms for the AC75. Posted on 22 May
AC75 foil arm testing successfully carried out
Second round of structural testing of the one-design arms in Italy The second round of structural testing of the one design AC75 foil arms has successfully been conducted at Persico Marine in Italy this week. Comprehensive tests were undertaken over the course of three days. Posted on 17 May
Z Energy partners with Team NZ for Cup Defence
Z Energy partners with Emirates Team New Zealand for the 36th America's Cup Z Energy partners with Emirates Team New Zealand for the 36th America's Cup as an Exclusive Supplier of fuel and bio fuel for the 36th America's Cup being hosted in Auckland over the summer of 2020/2021. Posted on 15 May
Am Cup: Barker says AC75 'different dynamic'
Veteran America's Cup skipper, Dean Barker says the AC75 is a 'different dynamic' than cats. American Magic have released a video from the winter sailing base at Pensacola of their development boat "the Mule". Included is some video of the AM38 capsizing. The reason for the capsize is not entirely clear and almost happens in slow-motion. Posted on 8 May
America's Cup: First spars leave Southern Spars
Southern Spars, have posted a short video showing America's Cup mast sections being despatched Leading international sparmakers, Southern Spars, have posted a short video showing America's Cup mast sections leaving the company's premises in Rosebank Road, Avondale, under the cover of darkness. Posted on 6 May
DutchSail continuing with America's Cup Challenge
Funding and time still key factors for Dutch entry in 36th America's Cup The Dutch America's Cup challenge, DutchSail, have issued a media statement saying they are continuing in the 36th America's Cup, but realise that: "We are well aware that the time factor is starting to get really urgent, but giving up is not an option. " Posted on 6 May
Dalton backs new America's Cup Challengers
"Continuing to support the three [new] teams just as much as we can" - Dalton Emirates Team New Zealand CEO, Grant Dalton said in a radio interview this morning that the New Zealand team and organizers are "continuing to support the three [new] teams just as much as we can." Updated - see bottom of story. Posted on 30 Apr
SailingIllustrated: April 26 - Sailing world chat
Mixed (up) Offshore keelboat..Am Cupdate..SailGP..And some breaking news Join SailingIllustrated's Tom Ehman and Sail-World's NZ Editor Richard Gladwell as they discuss the sailing issues of the moment, including a look at World Sailing's latest "Urgent" submission for the Mixed Offshore Keelboat event for the 2024 Olympics.. Posted on 28 Apr
America's Cup: DutchSail updates on funding
DutchSail appears to be making good progress towards its funding objectives One of the three Late Challengers for the 36th America's Cup, DutchSail appears to be making good progress towards its funding objectives according to reports and interviews appearing in the Dutch media over the weekend. Posted on 22 Apr
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
Click&Boat 2019 FooterRS Sailing BOTTOMVaikobi 2019 - Footer 2