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Thread: Cup Dirt

  1. #221

    Bermuda It IS says Bernie Wilson!

    AP Source: Bermuda to Host 2017 America's Cup
    SAN DIEGO — Nov 20, 2014, 6:26 PM ET
    By BERNIE WILSON AP Sports Writer

    Associated Press

    The tax haven of Bermuda has been picked over San Diego to host the 2017 America's Cup, a person with knowledge of the situation told The Associated Press on Thursday.

    The person spoke on condition of anonymity because defending champion Oracle Team USA, based in San Francisco, hasn't made the decision public.

    The person said software billionaire Larry Ellison of Oracle Corp. made the decision after consulting with the CEO of his sailing team, Russell Coutts, a New Zealander who also is director of the America's Cup Event Authority.

    Reached in New Zealand, Coutts declined to confirm the decision, saying he was under a non-disclosure agreement. Members of San Diego's bid effort, as well as officials with the Port of San Diego, also declined comment, saying they were under a non-disclosure agreement. Mayor Kevin Faulconer wouldn't comment, his spokesman said, declining to give a reason. The spokesman wouldn't say if the mayor's office was also bound by an NDA. Officials in Bermuda didn't return an email seeking comment.

    America's Cup officials have scheduled a news conference in New York on Dec. 2 to announce the venue selection.

    The choice of the British territory is intriguing, from its location at the northern tip of the Bermuda Triangle to the financial incentives that include tax-free status for regatta participants.

    It's also sure to be unpopular with traditionalists and could mean the end of powerhouse Emirates Team New Zealand and perhaps other challengers.

    This will be the first time a U.S. defender holds the America's Cup outside the United States. It'll also be the first time in the regatta's 163-year history that a defender sails the races in foreign waters by choice rather than necessity. In 2007 and 2010, Alinghi of Switzerland held the America's Cup in Valencia, Spain, because it wasn't practical to race on Lake Geneva.

    Before he won the America's Cup in 2010, Ellison, one of the world's richest men with a fortune estimated at $52 billion, spoke of how he wanted to return the silver trophy to the United States after a 15-year absence. Now he's taking it offshore after just one cycle in America.

    San Diego hosted the America's Cup in 1988, 1992 and 1995. In 1995, Coutts skippered Team New Zealand to a five-race sweep of Dennis Conner, the first of Coutts' five America's Cup victories, for three different countries.

    A few weeks ago, a "for rent" signed popped up in the yard of Coutts' home in Coronado, across the bay from downtown San Diego.

    Sailors and other members of America's Cup syndicates are expected to benefit from tax breaks offered by Bermuda. Some America's Cup sailors earn six-figure salaries. Others in the sport, such as Coutts, are paid millions of dollars a year. Bonuses are a big part of their pay packages.

    Three of the six teams currently entered are owned by billionaires. Oracle Team USA is owned by Ellison; Italy's Luna Rossa Challenge is owned by Patrizio Bertelli, husband of Miuccia Prada of the Prada fashion house; and Sweden's Artemis Racing is owned by Torbjorn Tornquvist. Tornquvist's former business partner, Gennady Timchenko, is among those in a group of Russian President Vladimir Putin's inner circle targeted with U.S. sanctions ~It's not the size of the website, it's how you use it! ~

  2. #222
    Probably need to change description of the race.

    "...A cut throat competition between international mega corporations..."

  3. #223
    Lost all credibility when Hambone Island removed itself.

  4. #224
    And this completes the evolution from "[insert reference to douchey rich people behavior here] America's Cup" to just "[insert reference to douchey rich people behavior here] Cup".

  5. #225
    despondent correspondent Photoboy's Avatar
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    It's Official, The Tropical Tax Haven Wins

    To the surprise of no one, the official announcement that Bermuda would indeed be host to the 35th America's Cup in 2017.

    Second edition of the Red Bull Youth America’s Cup confirmed

    The next America’s Cup will be raced in Bermuda in June of 2017. The host venue was confirmed at a press conference in New York on Tuesday by Harvey Schiller, the Commercial Commissioner for the America’s Cup.

    See the video here

    “In Bermuda we have a perfect international venue to demonstrate the excitement America’s Cup boats and teams can generate,” Schiller said. “The sailing conditions are near perfect. The race course on The Great Sound is a natural amphitheater with room for racing and spectators, amid a spectacular backdrop of islands and beaches. And the proposed America’s Cup Village at the Royal Naval Dockyard will be the heart of the event for the teams and fans alike.

    “The 2017 America’s Cup will build on the successful elements that now define the event - close racing in fast, foiling catamarans crewed by the very best sailors in the world and delivered to an international audience by award-winning broadcasters.”

    Michael Dunkley, the Premier of Bermuda, said hosting the America’s Cup would showcase the island’s strengths.

    “We are honored that Bermuda was selected to host the 35th America’s Cup in 2017. Being the home of the America’s Cup is an extraordinary opportunity that aligns perfectly with the heritage, profile, spirit and future of our island,” Premier Dunkley said.

    “We thank the America’s Cup Event Authority for their confidence in us – and for their vision to evolve the experience for spectators and participants alike. There is no more vivid and hospitable setting than Bermuda to stage an event of this nature and for the next evolution of the sport. This announcement today marks an exciting new chapter for Bermuda too. That our futures are linked in such a meaningful way will make for a great partnership.

    “From the very start, Bermuda’s bid was designed around our many strengths, including our near perfect sailing conditions, our temperate year-round climate for team training, our optimal location and time zone for visitors and television viewers alike, the intimate and unmatched setting offered by Bermuda’s Great Sound, our maritime legacy and innovation, and the spirit and hospitality of our people.

    “Our vision for the Americas Cup in Bermuda is to deliver an unforgettable experience that will be nothing short of spectacular for the teams, sponsors and spectators alike – whether they be with us on-island or watching from around the world.”

    Six teams have so far taken up the challenge of racing for the next America’s Cup, the oldest trophy in international sport. The defending champion is ORACLE TEAM USA, which won the last event with a spectacular comeback over Emirates Team New Zealand, who return as a challenger, along with Artemis Racing (SWE), Ben Ainslie Racing (GBR), Luna Rossa Challenge (ITA) and Team France.

    “Racing in Bermuda will be an incredible experience for the spectators, both on-site and for those watching the broadcast, and for the sailors, it’s going to be very challenging,” said ORACLE TEAM USA skipper, Jimmy Spithill. “I’ve raced there several times and the variety of conditions means you can never let your guard down. We’ll all need to be at the top of our game to have success and that’s how it should be.”

    Red Bull Youth America’s Cup
    The second edition of the Red Bull Youth America’s Cup was also confirmed in New York. In the inaugural edition, over 40 national youth teams (aged 19-23) applied to enter the qualifying phase. The top ten teams raced on the America’s Cup course in the same AC45 catamarans the pros had used in the America’s Cup World Series.

    The purpose of the Red Bull Youth America’s Cup is to provide a pathway towards a career as a professional sailor in the America’s Cup. In that, it has already proved successful, after just one edition.

    “Sailors on the winning team in the first event, Peter Burling and Blair Tuke, are now valued members of Emirates Team New Zealand,” said Schiller. “That’s an impressive proof of concept.”

    America’s Cup World Series
    All teams have been given an opportunity to host events in their home countries. At least four events are expected in 2015, including:

    Season opener - To be announced - June 5-7, 2015
    Portsmouth, Great Britain - July 23-26, 2015
    Gothenburg, Sweden - August 28-30, 2015
    Hamilton, Bermuda - October 16-18, 2015

    Four to six events are expected in 2016, including a summer regatta in the USA in Chicago. A stop in Portsmouth, UK has already been confirmed for July 2016.

    2017 - the year of the America’s Cup
    In 2017, all teams will compete in their new AC62 catamarans, powered by highly-efficient wingsails and designed to fly above the water on foils at speeds near 50 mph. Racing begins for all teams with the first stage of the Louis Vuitton Cup (the America’s Cup Qualifiers), where the teams are seeded - with bonus points - according to their results in the Louis Vuitton World Series. The top challengers then go on to compete for the Louis Vuitton Cup in the America’s Cup Challenger Playoffs and the right to race ORACLE TEAM USA in the America’s Cup Finals in June 2017, which will be presented by Louis Vuitton.

    Following the press conference in New York, the America’s Cup trophy was booked to fly to Bermuda for a ceremony on Wednesday.
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  6. #226
    despondent correspondent Photoboy's Avatar
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    Image from the NY Presentation...the guy to the right of the auld mug...Is that Jon Stewart or Michael Douglas?
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  7. #227
    It looks like the undocumented love child between beavis and micheal douglass

  8. #228
    despondent correspondent Photoboy's Avatar
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    Coutts On The Cup

    Craig Leweck got Russell to chat a bit on the Cup, The venue decision, and related matters, which, believe it or not makes some sense...Check it out!

    It has been 14 months since Oracle Team USA successfully defended the America’s Cup on San Francisco Bay. During that time, team CEO Sir Russell Coutts looked hard at the plan he helped to create for the 34th edition, and considered what steps were needed in hosting the next event. With the 35th America’s Cup now revealed to be Bermuda in 2017, Scuttlebutt editor Craig Leweck quizzed Russell to gain some insight into the process and future plans…

    With the amazing display of racing the AC72s on San Francisco Bay in 2013, and the epic comeback by your team, interest in the America’s Cup was quite high. However, 14 months later, a lot of that momentum has now been lost. Explain why the planning takes so long?

    Well let’s go back a few years to past America’s Cups. For example, when New Zealand won in 1995, it took five years. The next America’s Cup was in 2000, and it took a long time to develop that venue. With something as involved as this, where you’ve got broadcast contracts that affect the timing, you can’t just walk into a broadcaster and say, “Right, well we’ve got this great race going on, let’s screen it on your television program.” And they’ll say, “Well actually, we’ve got other programming on.” Even in 2017.

    There are a whole range of considerations we had to balance and weigh up throughout this venue process, and that’s why you need the time to discuss all of those questions, and issues, and so forth, with the various parties. Not just the party that you’re necessarily negotiating with, but other interested parties, and figure things out.

    Let’s discuss two of the key criteria.

    One is having all of the teams based in one area that overlooks the course, which could also incorporate a central village. That was certainly one of the considerations.

    The other consideration was time zone. Particularly when you look at who the location is for, certainly, most of the teams – in fact, four of the current six teams – are European-based. The time zone, particularly once you started a discussion with those European broadcasters, becomes a key point in the whole process.

    When you think about all of the people that are outside the stadium, that are watching it on the broadcast platforms, this is a key consideration, that I suggest, the America’s Cup has not really got right, until now. It’s one of the main reasons why the dates weren’t announced when the Protocol was issued. A lot of people said to me actually, “Hey guys, how come you didn’t announce the dates?” And my answer to them was, “That we have to work through that with the broadcasters.”

    If we want television for this event – and I’d assume that all of the teams definitely do; in fact, that’s not an assumption, we know that’s a fact – then you’ve got to get those sort of decisions right, and make sure that you’re in broadcast windows that are going to create value for the teams and their sponsors.

    Commercial interest has certainly complicated the process to organize the America’s Cup, hasn’t it?

    The broadcast is a major commercial element of the puzzle, which is why that was a major consideration. But there are other major commercial considerations as well that are major parts of the puzzle. I’ll give you another example – you go to any major sports event in the world, and there are many components to it, but two of the major factors facing a sports event are: the sponsorship component and the infrastructure component.

    Particularly with America’s Cup, where you’re moving to a potentially new venue, and in fact, even if we got it staged in San Francisco again, we would’ve had to work through both the sponsorship and infrastructure components again. So this is the same process for most sporting events. And when we looked at the venue decision in terms of that criteria, Bermuda provided for both of those elements in a very, very efficient and well-run way.

    So having all the team bases in one location was a priority… was that a strike against the other venue finalist, San Diego?

    I’m not going to criticize any other venue, as many of the venues put a lot of effort to try and meet certain criteria. But, for example, that would have been very, very difficult in San Diego. It’s just that they didn’t have an open space which could effectively house even six AC62 teams together. But I should add, that’s quite a difficult criteria for most of venues to achieve.

    Since the AC62 rule was released, there had been discussion of making the boat smaller. Is that still under consideration?

    Part the way through the venue process, we discussed with the teams downscaling the size of the boats to give us more room to maneuver with some of the venues under consideration. It was quite an intense and robust discussion, with consideration also toward moving these boats around the world, the future of these boats, the costs, and so forth, how many crew they should have. But the teams didn’t vote for downsizing, for various good reasons actually. So anyway, we went through that process and that’s where we ended up, and I think it was – given the information – we’ve made the right decision.

    There is a contingent that is critical of the venue now being held outside of the defender’s country. The America’s Cup is draped in tradition, and having the venue in Bermuda is contrary to this tradition. Has the America’s Cup now moved beyond this sentiment that the event should be hosted in front of the team’s club?

    We clearly think it has moved beyond that. You’re right, we could have considered it, for example, selfishly, and said, “We’re just going to host it in front of our own club” without considering broadcast time zones, without considering where the other teams could be housed. We could have looked at it very narrowly, but this is an international event. It’s got international teams, and those teams have sponsors, and the broadcasters are an important part of that sponsorship. So we looked at some of those things and weighted them very, very highly.

    Some people, no doubt, would rate very, very highly that the race should be conducted in front of their home club and membership, allowing their members to sit on their top balcony and watch the race. No doubt some people would rate that very highly. That was an item we weighted, for sure, but it was weighted much, much lower than, for example, broadcast efficiency.

    Speaking of the event outgrowing past tendencies, the responsibility of the defender hosting the event inevitably creates a stop-start scenario for each America’s Cup. How much a burden is this now? Has the event outgrown this requirement?

    The teams are in active discussions now about all kinds of efficiencies for the future, and I think you know, we were actually proposing talks to begin six to eight months before the last Cup ended. We were wanting to get all the teams together to discuss, “Okay, can we agree on the type of boat for next time? Can we agree on the year for next time? What are the areas of agreement we can have?” But unfortunately, we weren’t able to put anything in place last time, as various people did not want to enter into that process.

    However, this time, these types of discussions are very active; the competitor’s forum has been very active. And you know what I think one of the main differences is, Craig? One of the main differences is, rather than having the rules advisers from each of the teams having these discussions, it is now the skippers of the teams who are sitting in that room having those discussions.

    Now I think that’s, frankly, a quantum shift on where the America’s Cup’s been in the past. Now you’ve got Jimmy Spithill sitting there. You’ve got, often, Dean Barker sitting there. You’ve often got Nathan Outteridge or Iain Percy sitting there. You’ve got Franck Cammas sitting there. You’ve got sailors sitting there, making these decisions now. Also the design personnel are involved. They all have a vested interest in the future of the Cup.

    So now, I actually believe that those discussions – well in fact I don’t believe, I know, those discussions have gone way, way further than any previous experience I’ve had with America’s Cup. And they are continuing to going way further.

    Beyond the five challengers that have formally entered, it was announced that there are two additional groups that have expressed serious interest to enter as challenger. What are the guidelines for accepting more entries?

    First of all, that time window is closing fast. We’re now in the process of modifying AC45’s into foiling boats, and that is right on the deadlines of achieving that before the first AC World Series event in June 2015. So, there’s certain practical constraints that we’ve got on for accepting new entries. But putting that to the side for a moment, the criteria is that any prospective group has to prove adequate funding, and then they have to follow obviously the normal entry requirements per the America’s Cup Deed of Gift. But, we haven’t – and won’t – imply additional financial obligations on any new competitors, and are considering them on a case-by-case basis. If we are to consider accepting any late entry, we really have to make sure they have the funding to make it through to the end of the Cup.

    What has been decided in regard to the challenger elimination series? The Protocol indicates a scenario where teams may not advance to the final venue in Bermuda.

    That’s under discussion now, and frankly, Craig, I’m pretty limited about what I can tell you. What I can tell you is, all of the teams will be going to Bermuda.

    What are the immediate plans for Oracle Team USA?

    We will be moving our base to Bermuda. The team’s got to do one last session in San Francisco in February. They’re going to be sailing a new test boat that has been built. That’s going to be starting in February in San Francisco and then the whole operation will move to Bermuda. The team is planning on being there in April.

    With the venue now officially revealed, and some of the other details now publicly known, how good does it feel to be at this stage?

    It’s been a very, very enjoyable process. I’m really happy with where are; this is a fantastic decision, and I’m absolutely convinced this is going to be a fantastic America’s Cup. It’s not a PR sell or anything like that; I believe it. I really do. It’s going to be the best one yet. I’m not over-hyping it as you’ve criticised certain people, rightly so, for the over-hype during the last event. It’s just that I reckon I’ve got good reason to believe this America’s Cup is going to be great.

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  9. #229
    While Russell can rationalize all he wants, the decision to hold the Cup at Bermuda is more than likely to face some legal challenges.

    "We clearly think it has moved beyond that."

    Does that statement bother anybody else, or is it just me?

  10. #230
    It's just another circus now.
    Nothing to do with the America's Cup.

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