Iberdrola commited to CNEV – in Europe. 2


Different sponsors want different things, but it seems that Spanish electrical giant Iberdrola, doesn’t believe it can activate it’s sponsorship of the (current) America’s Cup Challenger of Record, Club Nautico Español de Vela (CNEV) outside of Europe. It is believed that one of the reasons the team will not be competing in the Louis Vuitton Pacific Series in Auckland New Zealand is that Iberdrola has no immediate place to move into the New Zealand power market. 

While the world’s ‘largest sustainable energy operator’, says it is fully committed to supporting Desafio Espanol, the Spanish team has reduced its operations and is not operating its base, during the winter months, pending decisions on the summer sailing programme, including possible GP42 and TP52 campaigns that, inevitably, hinge on the decision of the New York Court of Appeals.

Given CNEV’s current situation, one would think they would want to look like a team with the resources to compete against other Americas Cup syndicates. That Iberdrola doesn’ think the Spanish market would follow the team in New Zealand doesn’t help CNEV’s case that the city of Valencia and the people of Spain are behind them.

  • cseatonbond

    How can the challenger of record not have the funds to compete in a competition against other 'funded' teams? I agree – it doesn't help their case when they cant field a team in this event.

  • cseatonbond

    How can the challenger of record not have the funds to compete in a competition against other 'funded' teams? I agree – it doesn't help their case when they cant field a team in this event.