America's Cup 34 - Protocol draft suggests better business, lower cost

Thursday, June 24, 2010   (Image © BMW Oracle Racing/Guilain Grenier)
 America's Cup 34  Protocol draft suggests better business, lower cost
In a joint initiative by the defender, San Francisco’s Golden Gate Yacht Club and the Challenger of Record, Italy’s Club Nautico di Roma, a draft of the Protocol rules for the 34th America’s Cup was sent to the challenging teams today. Foremost amongst numerous innovations is a forward-thinking structure that allows funds and assets to transfer from one America’s Cup to the next. Some key elements to be included the 34th America’s Cup Protocol: neutral race management body, wide-ranging powers for the jury, cost cutting measures; initiative to transform television media output; added-value to sponsors & business partners; sustainable, long-term business model and regular races leading up to the Cup. Lastly, the protocol will limit costs by reducing the number of racing crew, introducing no-sailing periods and limiting the numbers of hulls, masts, appendages and sails teams can build.The reportand the protocol (PDF).


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