Mark Turner On the Business of Yacht Racing

Mark Tuner, CEO of OC Group talks to David Fuller about the broader trends in the business of yacht racing. Professional yacht racing is a relatively new phenomenon. The idea that the sport can exist as a commercial operation, not just a hobby for rich individuals is not embraced by all. Those that get it [...]

Eleven Teams Tell BMW Oracle: It’s Your Move

BMW Oracle seem to have been left out in the cold after a meeting between eleven Americas Cup Teams in Geneva yesterday. Now that Alinghi and Emirates Team New Zealand have settled their differences, the GGYC backed team was conspicuous in its absence from the meeting to get the 33rd Edtion of the Cup on [...]

Harken Name CEO and Management Team

Harken Yacht Equipment has named Giampaolo Spera as its new CEO of global operations. Spera is an 18-year veteran of Harken who recently led a modernisation of the company’s Italian office, overseeing the construction of new facilities that incorporate modern approaches to management and manufacturing. He will continue in his role as Harken Italy’s general manager. [...]

Alinghi Welcomes ETZ Legal Withdrawl

After yesterday’s announcement by Emirates Team New Zealand that they would end their legal battle with Alinghi, the defender has welcomed the news.  Alinghi, Defender of the 33rd America’s Cup, confirms that Emirates Team New Zealand has withdrawn its law suit against the team, Ernesto Bertarelli, AC Management and the Société Nautique de Genève and [...]

Bertarelli Reveals Plans on Boats and Budgets

Ernesto Bertarelli, Boss of the Defending Americas Cup Syndicate has spoken about the need to reduce budgets for the 33rd Edition of the Americas Cup.  Quoted in Bloomberg, Bertarelli talked about Americas Cup teams reducing their budgets by 80% enabling them to compete for 10 to 20 million euros instead of 100 million as some [...]

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