THE AMERICAS CUP IN CHAOS
The Americas Cup (or Auld Mug as it is colloquially known) is the oldest sporting trophy in known existence, the first contest in 1851 pre dating the modern Olympics by almost 50 years. First won by the schooner America, the cup attained almost holy grail like status to the millionaires of the early 20th century with names such as Lipton , Sopwith and Vanderbilt all featuring in early contests. Despite the efforts of Britains finest however, the Americas Cup was retained by the Americans from 1851 through until 1983, the longest winning streak in sporting history, until finally being captured by Australian Alan Bond and his radical, winged keel Australia 2.
Since Australia 2's victory, its fair to say that the cups history has been fairly turbulent. The trophy was won back almost immediately by the USA in 1987, but this was the year that saw a dramatic extension in the competitiveness of the traditionally 2 team challenge with the American boat Stars and Stripes having to beat an unprecedented 13 challenger syndicates and Alan Bonds Australians failing even to reach the defenders final. Its arguable that the difficulties and legal wranglings that have plagued the event since then can be directly traced back to the expansion of the event in 1987. Following this, the Auld Mug has suffered from changes in classes of boats (reaching a pinnacle in 1988 when an American catamaran defeated a New Zealand monohull on the water and the decision was reversed twice subsequently in the courts) and arguably the egos of the modern multi millionaire businessmen who are determined to win the cup at all costs and don't seem to mind whether this is done by the sailors or by the lawyers.
The latest threat to the cup comes from the current holders, Alinghi and their legal dispute with the American team BMW Oracle. Incredibly, the Alingi syndicate hails from landlocked Switzerland, but their team, who have held the cup since 2003, is packed with global sailing stars with a strong contingent of New Zealanders. Adding spice to the the proceedings is the fact that Kiwi Russell Coutts, considered by many the greatest sailor in the world, led Alinghis cup winning challenge in 2003 but has since jumped ship to head up the rival BMW Oracle team.
At the heart of the dispute is the fact that, after their successful defence of the cup in 2007, Alinghi nominated the Spanish Yacht Club Club Nautico Espana de Velo as Challenger of Record. BMW Oracle, headed up by software billionaire Larry Ellison, successfully challenged this in the courts on the grounds that Club Nautico Espana de Velo was not a functioning yacht club, merely a shell that had been set up to manage a cup challenge. Certainly there was widespread concern in cup circles about the relationship between Alinghi and the Spanish and as things stand the American BMW Oracle syndicate is the nominated challenger for the next cup. Unfortunately for the worlds oldest sporting contest, the legal challenges have not stopped and at the moment it is still uncertain when the next cup will be held, what country it will be in and even which type of boats it will be contested in. The fall out from this has been considerable. The cup has lost Louis Vuitton as a sponsor and other challenging syndicates (which include the British Team Origin, skippered by Olympic star Ben Ainslie), are significantly stymied in their ability to attract funding and to plan every level of their campaigns from boats to personnel to chandlery given the current level of uncertainty that surrounds the event.
It remains to be seen what happens to the Americas Cup, whether we get a contest in 2008 or 2009 and if so, what the outcome will be. The biggest fear though is that Alinghi, BMW Oracle and their lawyers will achieve what 150 years of history couldn't and end the Americas Cup.
This article was written by Martin Dinham, sailor and head of marine company www.nare.co.uk
10 Kernick Business Park
Nare aim to be one of the leading internet based resellers of chandlery and marine products in the UK. Our staff have a wealth of knowledge about boats and boating products and we aim to use this to give our customers the best experience, service and pricing possible.
The Nare product range is diverse, ranging from Navman and Lowrance chartplotters and fishfinders, through XM Yachting, Helly Hansen and Gill clothing, all the way to Plastimo inflatable dinghies and is always expanding.
Our sole route to market is our sophisticated and secure website, which allows us to interact with our customers 24 hours a day, 7 days a week and to fulfil our objective of serving our customers efficiently, safely and securely.
www.nare.co.uk is certified as a compliant website by ISIS, the trust scheme for global e-retailing, meaning you can shop with complete confidence.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release THE AMERICAS CUP IN CHAOS here
News-ID: 42514 • Views: 1388
More Releases from Nare
Nare.co.uk Announce Busiest Month Ever
UK chandlery website nare .co.uk have just announced that August was their busiest month ever. The company, which specialises in chandlery, sailing clothing and marine electronics, was launched in January 2008 and has made a rapid impact on the UK boating market with a wide range of brands (including Gill, Lowrance, XM Yachting, Northstar and Ocean Safety) at competitive prices. Martin Dinham of Nare says that “...in August we had
The Transat is over
So, the Artemis Transat, the race formerly known as the OSTAR is over for another edition. Loick Peyron and his IMOCA 60 Gitana Eighty took a well deserved victory in the “big” class, with the Open 40 division being won by Giovani Soldini in Telecom Italia. There were also a host of great achievements, ranging from Sam Davies brilliant 5th place overall in her last generation 60, Roxy, Dee
More Releases for America
Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
Make America Great Again
Help us open our Veterans' Home We don't know them all, but we owe them all... Lake Ariel, PA: FCPCF Inc. and National Auto Raffle invites you to enter the online Charity Auto & 50/50 Raffles (www.nationalautoraffle.com) and help us raise funds to open the doors of veterans' housing facility and provide housing to the homeless Veterans and their families in need. Every 1 in 4 homeless is a Veteran and its time
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Mafi Designs America
Austrian Natural Wood Floor manufacturer establishes themselves in the high end New York Lifestyle market. “Successfully building a luxury Brand in the US is very important to our world wide marketing efforts,“ proclaims a happy Philippe S. Pezet, Partner Mafi USA, Inc & Export/Marketing Manger for the manufacturing company Mafi Holzverarbeitung from Austria. The Mafi brand name is recognized by leading architects and decorators in the Big Apple as being the