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Team NZ’s nemesis returns to America’s Cup

Team New Zealand’s enemy, Alinghi, has returned to the America’s Cup after 11 years of absence.

NZME understands that the Swiss Syndicate paid the first $ 1.47 million entry fee for the 37th America’s Cup on the day the entry officially launched. NZME was told they were working to secure an old training ship.

Another syndicate is believed to have paid the initial entry fee.

Alinghi, owned by Swiss billionaire Ernesto Bertarelli, won the cup for the first time in 2003, beating defender team NZ 5-0 in a cup match.

Bertarelli signed Team NZ skipper Russell Coutts and tactician Brad Butterworth shortly after Kiwi held the cup in 2000 in the winning 2003 campaign in Auckland, and in 2007 in Valencia the Old Mag. I succeeded in protecting.

However, Bertarelli has been out of the cup game since losing to Larry Ellison’s Oracle in the 2010 Gift Certificate Challenge.

Jochen Schümann of Alinghi will host the America’s Cup in 2003.Photo / Photoport

The Alinghi brand continues to maintain its sailing power by participating in the twice-winning Extreme Sailing Series and the GC32 Tour.

Confirming Alinghi’s entry and commitment to Regatta in 2024 will help Team NZ and Record Ineos Britannia Challengers, who have released the protocol but have not yet completed the venue.

Ireland’s Cork, Spain’s Valencia and Saudi Arabia’s Jeddah have long been talked about as three international bidders, while Auckland’s defenses have not yet been ruled out.

Team NZ has set a deadline of March 31st next year to confirm the venue.

There were only three Challengers in Oakland this year, but Alinghi’s return opens up even more possibilities at least in 2024.

Swiss billionaires, Ernesto Bertarelli and Alinghi are famous for winning their first cup in 2003.

American Magic has also indicated its intention to be on the starting line, but has not identified a yacht club to represent, and has waited until the venue is announced before stepping up its efforts. Almost nothing has been heard from longtime challenger Luna Rossa since AC36 ended in Auckland in March.

Alinghi’s entry is made when a key member of Team NZ’s Afterguard cancels the contract. Peter Burling and Blair Tuke have been retainers since the last cup regatta ended in March, and the decision to re-sign with the defender or not join the next cup cycle is imminent. ..

They can be defeated by rival syndications, but the strict nationality rules introduced in AC37 will prevent them from boarding challenging team boats in the next cup cycle.

Admission totaling about $ 12 million is considered a major deterrent to potential new challengers and faces promises of cost savings.

Applicants will have to make a second payment of $ 1.83 million by September 21st next year, and in the case of installments, the cost will rise to $ 2.05 million.

Participants also donated $ 150,000 to the website, $ 25,000 to America’s Cup Properties International (ACPI), $ 1.47 million for performance bonds, $ 293,000 for three preliminary legatta admissions, and an AC40 yacht package for up to $ 1.85 million. You need to buy and buy two. Hydrogen-powered support vessels, each costing $ 2 million. There are also many undecided sharing costs, such as weather and reconnaissance costs.

Team NZ’s nemesis returns to America’s Cup

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