Barcelona AC37
- Thread starter Sea Breeze 74
- Start date
He sure as fuck wanted the NZ Government to be his main sponsor.
Or was someone else going to front up with more than 200 mill?
He asked, they said no, he moved on...What else was he supposed to do?
My understanding is that the sponsors are ponying up 80mill, and the venue 120mill.
You said that NZers needed to understand the NZ Government wasn't the main sponsor.
I just pointed out this is exactly what he did want. His demand was for the full 200 or he would walk. Almost as if he always planned to piss off and just needed to find the excuse.
As has been pointed out numerous times. His sponsors, Emirates, Omega etc weren't going to pony up any more cash for an event in NZ. Since the NZ Govt wasn't interested in sponsorship, he had to go OS.
Priscilla
Super Anarchist
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It appears from very early on Lord Dalton was seeking $200M cash but with him finding $80m leaving the begging bowl requiring $120m to fill it up.
The interesting figure for AC36 was the $150m Prada and COR reportedly spent on the event was that excluding the cost of their unsuccessful campaign.
THE NUMBERS
The budget for the 37th America’s Cup varies little be it in Auckland or internationally. It comprises what we know are the costs needed in New Zealand for both the team $120m (ETNZ) and the event $80m (AC37) and this total budget of $200m has never changed.
Importantly of this overall $200m budget in New Zealand, ETNZ have committed to raising $80m of the total. Specifically the ‘ask’ for all the venues is essentially $120m but varying slightly for overseas costs such as accommodation.
These budgets and the endless detailed line items are developed bottom up by people with up to 30 years’ experience in the America’s Cup. People like Grant Dalton, Kevin Shoebridge, Richard Meacham, Chris Salthouse, Sean Regan, Geoff Senior, Dan Bernasconi, Steve Collie, Martin McElwee, Russell Green, Glenn Ashby and Burns Fallow. The powerful combined knowledge of what is needed to run all aspects of a successful yachting campaign and an event of the required standards of a commercially enticing global sporting event through award winning broadcast and for sponsors of which are some of the biggest brands in the world. Not some cherry picked numbers that those out of touch with reality think will be OK and ‘available’.
It should be noted that the event budget of $80m is already considerably less (almost half) that what was spent in total for AC36 when you also consider the contribution that COR36 made to the event. The AC36 Event Report clearly quotes COR36: “Prada and COR invested over $150 million NZD in the 36th America’s Cup, a significant percentage of which went into the on-water and on-land operations and the Race Village…” This obviously was in addition to the $45m that ACE also put towards the event. A vital make up of numbers that the cherry pickers continue to neglect.
As mentioned, it is primarily the same budget we put to Auckland and New Zealand negotiators as we have put to other venues. The cost is the cost- it’s the terms and conditions that vary amongst the venue cities we are working with. In respect of New Zealand we didn’t get to a point to negotiate the terms and conditions (known here as the HVA Host Venue Agreement) as the required funding costs could not be met by the Government and Council, which we have said all along was fair and reasonable given the financial constraints on the country after COVID19.
It is for these reasons that ETNZ can never have any relationship with Mr Dunphy or his associates even if he were to magically find the funds to meet the full and actual costs of hosting the event and defending AC37.
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Forourselves
Super Anarchist
https://www.stuff.co.nz/sport/americas-cup/128210924/americas-cup-grant-dalton-accuses-mark-dunphy-of-destroying-aucklands-chances
That never eventuated and as Barcelona stumped up with a $128m winning bid from a shortlist of four international options, Dalton couldn’t resist another shot at Dunphy who instigated an aggressive social media and advertising campaign in recent weeks, desperate to get public support
$128 million dollars. More than what Dalton asked for.
I hate to say i told ya so... but
IPLore
Super Anarchist
Kiwis, don't give up. There is a ray of hope. Jim Ratcliffe really enjoyed his time in New Zealand .
If Ineos win, he could host the next cup in Auckland......because if anyone can afford to host the cup wherever he fucking well likes, it is Jim Ratcliffe.
Forourselves
Super Anarchist
The 80 was part of the negotiation. The cost was the cost, as was stated in the press release. Of the 200, the team was prepared to raise 80 themselves. You read too much into the situation as usual. Too focused on hating that you didnt read what was actually in it, but only saw what you wanted to see.
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Forourselves
Super Anarchist
Probably had it on his playlist when he watched Pistol Pete whoop Jimmy Spithills ass in the pre start of Race 8 in Bermuda.
The 80 only became part of the negotiation after NZ was told they were not up to scratch.
Almost as if they wanted an excuse to leave...
shebeen
Super Anarchist
for what it's worth. the olympic venue from 30 years ago
and some FD action.
start at 1:30
https://olympics.com/en/video/spain-barcelona-1992-team-spain-sailing-flying-dutchman-men?uxreference=playlist
That looks like it could be a bit much for these pinnacle of sailing yachts...for what it's worth. the olympic venue from 30 years ago
and some FD action.
start at 1:30
https://olympics.com/en/video/spain-barcelona-1992-team-spain-sailing-flying-dutchman-men?uxreference=playlist
IPLore
Super Anarchist
Hot Damn, the world is a poorer place without Freddie Mercury
Rennmaus
Super Anarchist
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Fiji Bitter
I love Fiji Bitter
True, and Montserrat Caballé, for that matter.
Maybe Enrique Iglesias can bring the opening show, with the Cubans. Would go well with the younger foiling crowd.
Fiji Bitter
I love Fiji Bitter
Not sure what the discussion is about, but:
Patrizio Bertelli said he overcame initial doubts about the high-tech foiling monohulls, and hoped they would be around for a decade...
https://www.stuff.co.nz/sport/americas-cup/123945638/americas-cup-italians-want-ac75-foilers-to-stay
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dg_sailingfan
Super Anarchist
Yup, Patrizio had very much doubt initially about the AC75 Concept but was won over after he saw them race.
