Please select your home edition
Edition
Get My Boat 2021 LEADERBOARD

Valencia withdraws its bid to host the 37th America's Cup

by Pep Portas 11 Sep 00:29 PDT
The replica of the legendary `America`, visits Port America's Cup Valencia - `The Foredeck` will be an integral part of the AC37 venue proposal © ACM 2007 /Guido Trombetta

The opportunity to celebrate in Valencia the oldest sporting trophy in the world had solid economic support from institutions and business organizations of Valencia and Spain. A particular mention for all the major corporations committed to supporting the America's Cup in Valencia financially.

Although Valencia had the infrastructures and an experienced team, after months of constructive collaborations with the 37th America's Cup rights holders, the parties could not align their mutual interests.

The promoters of the Valencian bid, Niccolò Porzio di Camporotondo (Founder of H2O Riders Science & Management), Alejandro Fliquete and Carlos de Beltrán (president and manager of the RCN Valencia respectively) and Antonio Alquezar (partner of Redstone Advisory Partners), have worked during the past months to position the America's Cup as a sustainable economic model and accelerator for the city's return among the main tourist destinations in the world.

All of this with the firm intention of allowing Valencia to reactivate the local, regional, and national economy through the boost to the maritime industry, tourism, technology and innovation that the event represents.

This time, Valencia was planning to use the existing maritime infrastructures and implement a long-term Legacy Program (2021-2040) to reactivate these infrastructures and develop the unused areas to support the technological and innovation HUB that is currently being developed in the Marina.

The members of the candidacy will continue working on the legacy program.

Quotes:

Niccolò Porzio di Camporotondo: "The America's Cup would have been the perfect accelerator for the València Maritime Revitalization Plan that we have been working on and will introduced before the year-end. I would like to thank Grant Dalton, Team New Zealand and ACE for accepting València's bid, choosing it as a finalist, and for the work we have done together to get this far. As Valencia bows out, we wish TNZ, ACE and the 37th America's Cup fair winds and following seas."

Alejandro Fliquete: "From the RCN Valencia we have worked focusing our efforts on bringing a benefit to the Valencian economy. All that work well done - it is very difficult to be a finalist - has been offered to local, regional and state public administrations. The Club has always been at the service of Valencia and will always work to protect the interests of Valencians".

Antonio Alquezar: "Redstone has been involved in major international events and we are certain that the foundations that València and the America's Cup have are the right ones to drive a new sustainable event model capable of developing a legacy plan for the city. The clear benefits for both parties make it even more difficult to walk away. Thank you for the support we have received that has gotten us this far."

Related Articles

Gladwell's Line: Irish caned over Cup indecision
Irish media cane Ministry of Sport bureaucrats over "indecision" on AC37 hosting The Irish editions of the weekend and Sunday newspapers have taken the Ministry of Sport bureaucrats to task over their "indecision" on the America's Cup hosting bid for Cork. Posted on 20 Sep
America's Cup: Ireland told to be 'more ambitious'
Ireland's top sailing official Marcus Spillane says Irish need to be more ambitious in their AC bid Cork-born, New York resident Marcus Spillane says Ireland needs to be more ambitious in its thinking on the hosting of the America's Cup and believes it should be co-promoted with the Ryder Cup to be held 60 miles away in Adare, County Limerick in 2027. Posted on 17 Sep
America's Cup: Bureaucrats nobble Cup hosting
Irish media are reporting that Dept of Sport bureaucrats are advising against hosting AC37 With an announcement on the preferred Host Venue expected on Friday September 17, Irish media are reporting that officials from the Department of Sport are advising the Government to withdraw their bid to stage the 37th America's Cup in Cork Posted on 15 Sep
Women's America's Cup is 'mind-blowing' - Mills
The most successful female sailor in Olympic history has welcomed the AC40 and Womens America's Cup Hannah Mills, the most successful female sailor in Olympic history has enthusiastically welcomed the announcement of the AC40 foiling monohull, and the creation of a Womens America's Cup event as part of the regattas surrounding the 37th Match. Posted on 12 Sep
America's Cup: AC37 Venue bidding tempo picks up
One, of what were two, Spanish hosting bids has withdrawn, while the Irish get some good news Major developments have occurred in the selection race ahead of the formal announcement of the venue for the 37th America's Cup, expected some time next week. The pace in the bidding race has picked up overnight. Posted on 11 Sep
America's Cup: Dalton explains the new AC40
For the first time in 170 years of America's Cup history, women will be able to compete For the first time in 170 years of America's Cup history, women will be able to compete in an America's Cup Women's Regatta, using the new AC40 one design foiling monohull which will have multiple uses in the 37th America's Cup cycle. Posted on 10 Sep
Gladwell's Line: Time against 11th hour Kiwi bid
An 11th hour, rogue bid to have the 37th America's Cup hosted in NZ, appears to be out of time. An 11th hour, rogue bid to have the 37th America's Cup hosted in New Zealand, appears to be running out of time - and fast. It claimed the necessary $80million of funding was available "only if Dalton is kept away from the purse strings". Posted on 7 Sep
America's Cup: Valencia confirms key points of bid
Two-time America's Cup venue, Valencia has confirmed that it is making a strong bid to host AC37 Two-time America's Cup venue, Valencia has confirmed that it is making a strong bid to host the 37th America's Cup. Posted on 6 Sep
America's Cup: Valencia gets traction for AC37
Valencia sources are confident they have a good proposal for the hosting of the next America's Cup. Sail-World's sources in Valencia say they have made "unexpected progress" over the past couple of weeks, and are confident they have a good proposal for the hosting of the next America's Cup. Posted on 3 Sep
America's Cup: Emirates Team NZ stand by Dalts
Emirates Team NZ have responded to veiled attacks made over the Defence funding "offer" Emirates Team NZ have issued a statement in response to the takeover/funding offer to have the 37th America's Cup sailed in New Zealand, which is conditional on Emirates Team NZ's CEO Grant Dalton not being part of the team for the 37th America's Cup. Posted on 1 Sep
C-Tech 2021 America's Cup 728x90 BOTTOMCyclops 2020 - SmartlinkNano - FOOTERRooster 2020 - Impact BA - FOOTER