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Thread: Malta Becomes 4th Challenger

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    Malta Becomes 4th Challenger





    The Royal Malta Yacht Club’s Notice of Challenge was the first of the eight late entries to be received by the Royal New Zealand Yacht Squadron within the late entry deadline - 5.00 pm on the 30th November NZT- and therefore the first to be processed.

    It’s the first time, in 167 years history of the trophy, Malta challenges the America’s Cup. Despite being one of the smallest countries in Europe - just 316 km˛ (122 sq mi) – Malta’s strategic position in the Mediterranean Sea has always made it a hub of maritime activity and a port of crucial importance throughout history.

    The Royal Malta Yacht Club whose origins can be traced back to 1835, predating the America’s Cup’s existence, is indeed internationally renowned as the organizer of the 50 year old Middle Sea Race, the 606 miles regatta starting from La Valletta and sailed anti-clockwise around Sicily.





    The Team Principal of the Malta Altus Challenge is Pasquale Cataldi, an Italian businessman born who is based in Malta, founder and CEO of the multinational real estate and development company, Altus. This is Cataldi’s first involvement in the America’s Cup but his intention is to pursue a long-term challenge:

    “Our goal is to do three editions of the America's Cup. If you want to build a strong team, then you need to commit to three America's Cup cycles. I think everyone in this edition is in it for the long-term. We have a new class, so the game is level for everybody, and the differences are not so much,” explained Cataldi.

    Grant Dalton, CEO of the Defender Emirates Team New Zealand said: “We are happy to welcome the Royal Malta Yacht Club and the Malta Altus Challenge to the 36th America’s Cup. After New Zealand, they are now the smallest country to challenge for the America’s Cup. We know what it is like to be a small team facing long odds in taking on one of the biggest challenges in sport and we wish them the best.”

    The Malta Altus Challenge will be led by experienced America’s Cup personnel and aims to develop local talent in Malta in the fields of design, engineering and boatbuilding.

    “This is a massive opportunity for our club to promote Malta and the skills that exist in the marine industry on a global stage,” said Godwin Zammit, the Commodore of the Royal Malta Yacht Club.

    “On behalf of the Club, I’d like to thank the Royal New Zealand Yacht Squadron and Emirates Team New Zealand for their assistance throughout the challenge process and we can’t wait to get down there and start racing in December 2020.”

    The full team and further information regarding the challenge will be announced in Malta in the first quarter of 2019.

    In the next few weeks other updates regarding the Notices of Challenge, received within the deadline, will be released.
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    Late Challengers Validated

    The America’s Cup Arbitration Panel decision finding all three Late Entry challenges to be valid has been released today.

    The Challenger of Record and the Defender had already reached a settlement agreement under which the validity of the Challenges was accepted and issued a Protocol amendment allowing for the Late Entry to be paid by deferred instalments. However, despite this collaborative agreement, the New York Yacht Club elected to continue to pursue the case. This anti-competitive action has caused further delays and uncertainty for the teams and frustrated the Challenger of Record and the Defender who have been working together in the best interests of the event.

    As a result of the delay there are now concerns as to the likelihood of the Maltese Malta Altus Challenge being able to continue. However, the Challenger of Record and the Defender continue to work with DutchSail and Stars & Stripes to enable them to make the start line in Auckland in 2021.

    The Panel also found that the payment of entry fees is a condition to their being able to race in the America’s Cup not a condition of their being an accepted Challenger meaning that Entry fees have only to be paid before the first race of the competition.

    Arbitration Panel decision:
    Cases 02 and 03
    Case 04

    https://www.americascup.com/en/news/...LLENGERS-VALID
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    Malta Withdraws




    The Royal New Zealand Yacht Squadron has advised that today they received a notice from the Royal Malta Yacht Club officially withdrawing the Malta Altus Challenge from the 36th America’s Cup.

    “This is a disappointing outcome.” said Grant Dalton, “The Malta Altus Challenge had a strong foundation with some highly experienced and reputable America’s Cup personnel linked to the team. So, for them to pull out is not just a shame for the event but also for those people that have worked so hard trying to get this challenge to the start line. We hope they will continue to build on their foundation over the next 18 months with a view to the future and challenging for the 37th America’s Cup.”

    “We are wanting the Prada Cup to include as many teams as possible.” Said Laurent Esquier CEO of the Challenger of Record. “While we have done all we can to support the Malta Altus Challenge, they haven’t been able to bring together all the layers of complexity that are needed to continue with an America’s Cup challenge. We are still guaranteed to have an exciting and highly competitive Prada Cup to select the final challenger to race against Emirates Team New Zealand in the Match.”

    The two remaining late challengers, Stars + Stripes USA and DutchSail will confirm their ongoing commitment to the 36th America’s Cup presented by Prada by July 1st.
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