INEOS Team GB

JALhazmat

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Ratcliffe told The Telegraph the deed of gift challenge on the Solent would be “a bridge” to the 2024 full regatta that the paper reported “would almost certainly be held in Auckland”.
Ratcliffe, worth a reported $34b as founder and co-owner of petrochemicals giant Ineos, said he wouldn’t be funding the deed of gift challenge.

“Absolutely not. I want to be clear about that. Because that would be sort of like buying the Cup into the UK and I don't think that's appropriate,”
I re read the article and it doesn’t state that, 

Whatever you are quoting from has added in the DOG bit and converted his wealth from £17 billion in the original to $34 billion

why would his interview with the telegraph reference itself? 

Fuckery abounds.. 

 

Forourselves

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I mean, what can they gain defending in UK if it is not for money, needed to fund the team?
Thats the same question I'm asking as well.

To me, no one gains anything.

IF it happens at the Isle of Wight, Ratcliffe isn't paying, so who pays? Not sure that the Isle of Wight County Council would be too keen on that idea.

Sponsors? Some other billionaire? Yeah right.

So who's left? ETNZ and GD?

Why? If they can't afford to pay for an Americas Cup event in their home country, why would they go overseas and pay for one in the UK while risking the Cup? 

Can't see it happening.

 

jaysper

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Thats the same question I'm asking as well.

To me, no one gains anything.

IF it happens at the Isle of Wight, Ratcliffe isn't paying, so who pays? Not sure that the Isle of Wight County Council would be too keen on that idea.

Sponsors? Some other billionaire? Yeah right.

So who's left? ETNZ and GD?

Why? If they can't afford to pay for an Americas Cup event in their home country, why would they go overseas and pay for one in the UK while risking the Cup? 

Can't see it happening.
Yep. Seems like an idle threat to get Cindy over the line with some funding and let's face it, she is piss weak and will likely fold.

 

Forourselves

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I re read the article and it doesn’t state that, 

Whatever you are quoting from has added in the DOG bit and converted his wealth from £17 billion in the original to $34 billion

why would his interview with the telegraph reference itself? 

Fuckery abounds.. 
The way I read the DoG, a 1 on 1 match can only be had if the 2 teams don't agree.

Otherwise RNZYS must accept any and all DoG compliant Challengers. 

They can't just choose to ignore compliant challengers.

 

Rennmaus

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IMO It can't be a 1 on 1 match without being a Deed of gift match because of the paragraph below:

"Any organized Yacht Club of a foreign country, incorporated, patented, or licensed by the
legislature, admiralty, or other executive department, having for its annual regatta an
ocean water course on the sea, or on an arm of the sea, or one which combines both,
shall always be entitled to the right of sailing a match of this Cup, with a yacht or vessel
propelled by sails only and constructed in the country to which the Challenging Club
belongs, against any one yacht or vessel constructed in the country of the Club holding the
Cup."

IMO this means RNZYS can not decline entries as long as those entries meet the criteria in the DoG and the protocol.

The DoG takes precedence when the Defender and Challenger can not agree, and that match is outlined in the DoG. 

It seems there is no provision in the DoG for a "mutual consent" Deed of gift match, as it would exclude other DoG compliant Challengers, which is against

1) The intent of the Deed:

"This Cup is donated upon the conditions that it shall be preserved as a perpetual
Challenge Cup for friendly competition between foreign countries"

and 

2) The Criteria for acceptance of challengers:

Any organized Yacht Club of a foreign country... shall always be entitled to the right of sailing a match of this Cup...
What? A mutual consent 1:1 is exactly what the Deed is describing as normal and desirable. Multiple challenges are not part of the DoG, they came way later than the DoG was written. 

In fact, the CSS should not even be part of the AC festivities, because the AC is always a simple challenger vs defender. 

 

Forourselves

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What? A mutual consent 1:1 is exactly what the Deed is describing as normal and desirable. Multiple challenges are not part of the DoG, they came way later than the DoG was written. 

In fact, the CSS should not even be part of the AC festivities, because the AC is always a simple challenger vs defender. 
"Normal" and "Desirable" are not mentioned anywhere in the DoG.

The DoG is clear, that as long as Challenges meet the DoG criteria, they must accept those challenges.

Once the entry period opens, they can't just choose to ignore them.

They have to accept the Challenge until the Challenge is decided.

 

JJD

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That's pretty much my feeling too.

GD has played this game so many times before, it is just old and stale now.

It seems that ETNZ has proven that a commercially funded team is not possible, so perhaps its time to not bother any more?
Oh bollocks. He’s proven time and time again that a commercially funded team is possibly. Just that a small amount of that comes from nz Govners. 
Call it 100 mill for AC36 and how much exactly was not commercially sourced?

 

JJD

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The ACWS in Portsmouth (pre-pandemic) gained small attendance too. That ACWS in Naples was fantastic, it eclipses any AC event I can think of in the past 15 years. 
 

Selling this sailboat race to NZ govt and Auk govt is gonna be a hard-sell. People didn’t actually care much. 
How the fuck would you know what nz people care about. 

 

JALhazmat

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The ACWS in Portsmouth (pre-pandemic) gained small attendance too. That ACWS in Naples was fantastic, it eclipses any AC event I can think of in the past 15 years. 
 

Selling this sailboat race to NZ govt and Auk govt is gonna be a hard-sell. People didn’t actually care much. 
Sorry were you in Portsmouth for the ACWS? 

 

The Advocate

Super Anarchist
Oh bollocks. He’s proven time and time again that a commercially funded team is possibly. Just that a small amount of that comes from nz Govners. 
Call it 100 mill for AC36 and how much exactly was not commercially sourced?
No, time and time again, like pretty much every time a Cup is done he has cried poor to the NZL people and said bail me out or we shut.

How the fuck is that a good commercial model. Putting your hand out pretty much every cycle, regardless of the amount proves it is not a successful commercial model.

I have no problem with public money going to it BTW, the country does benefit. The way GD does it sucks, he preys on the sporting pride of his country.

He is nothing more than a stand over merchant. If Emirates is out this time as I think they are, he is fucked.

 

strider470

Super Anarchist
No, time and time again, like pretty much every time a Cup is done he has cried poor to the NZL people and said bail me out or we shut.

How the fuck is that a good commercial model. Putting your hand out pretty much every cycle, regardless of the amount proves it is not a successful commercial model.

I have no problem with public money going to it BTW, the country does benefit. The way GD does it sucks, he preys on the sporting pride of his country.

He is nothing more than a stand over merchant. If Emirates is out this time as I think they are, he is fucked.
If the best and most winning AC team in recent AC history struggle to fund their campaigns with commercial sponsors, I think nobody else could, using the same business model.

 

Rennmaus

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"Normal" and "Desirable" are not mentioned anywhere in the DoG.

The DoG is clear, that as long as Challenges meet the DoG criteria, they must accept those challenges.

Once the entry period opens, they can't just choose to ignore them.

They have to accept the Challenge until the Challenge is decided.
Yes, one (1) challenge, not multiple challenges.

Then I misunderstood your post, apologies, I thought that you meant that the defender has to accept all challenges by different yacht clubs for one and the same AC.

 
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JALhazmat

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The way I read the DoG, a 1 on 1 match can only be had if the 2 teams don't agree.

Otherwise RNZYS must accept any and all DoG compliant Challengers. 

They can't just choose to ignore compliant challengers.
You quoted the NZ herald article, that embellished what was actually In The direct telegraph interview..

sneaky.. ;-) 

 

NeedAClew

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Thats the same question I'm asking as well.

To me, no one gains anything.

IF it happens at the Isle of Wight, Ratcliffe isn't paying, so who pays? Not sure that the Isle of Wight County Council would be too keen on that idea.

Sponsors? Some other billionaire? Yeah right.

So who's left? ETNZ and GD?

Why? If they can't afford to pay for an Americas Cup event in their home country, why would they go overseas and pay for one in the UK while risking the Cup? 

Can't see it happening.
Maybe they plan to charge the US viewers $500 this time. Should collect at least $10,000.

 

Xlot

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Yep. Seems like an idle threat to get Cindy over the line with some funding and let's face it, she is piss weak and will likely fold.
Agree, but the sticky point of government oversight remains - and this time public funds would have to be preponderant

 

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