Welcome to Sail-World.com's latest Newsletter for the 34th America's Cup
As the 34th America's Cup marches to what most believe will be an inevitable conclusion, thoughts turn to the future.
Certainly most whole heartedly want to stay with this concept of boat, but are aware of the need to get more competitors into the game, and believe that can be done by dramatically lowering the costs.
The only way to do this is to tackle the issue head on, and introduce salary caps, and budget caps. They exist in other sports and the penalties for breach are so eye-watering you wouldn't contemplate a work-around for fear of being caught.
Fiddling with the boat size won't work. Even if the regatta were held in a tiny P-class dinghy, you are dealing with a breed that could assemble a 30 strong design team to develop the ultimate 7fter, and add another 30 into the support team.
Simply if the objective is to reduce cost, then the 65% of the budget that is personnel must be addressed head-on.
This is the current Sail-world newsletter, I don't know how accurate the figures are, but if we take the reported $120m budget, we can assume the salary's are in the order of $80m and the boats $40m. so halving the cost of the boat brings that back to $100m?!?! that is still an epic amount of cash for a boat race...
I think weaving into the next set of rules will have to be some sort of budget constraints for each area of expertise is probably the best chance at lowing costs.