It's starting to look like GD took his spare change from his new boat and bought a flock of sparrows. Said sparrows will peck him and his Defense into true senior citizen status and an underfunded boat. As we know, it's the fastest boat...
The AC 37 has started, news and rumours
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Kate short for Bob
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Some insight into where Farmer is coming from:
To finish. One concern that I do have about the next Event, wherever it is held, is the cost of the new proposed foiling monohull. No one has ever built a 75 foot fully foiling monohull and the sketches that have been released of the proposed boat show what a breath-taking challenge it will be to design and build such a boat and to make it sail. In my first piece on the America’s Cup, posted on 1 July 2013, I said:
“Grant Dalton has said that the next Event needs to meet budget constraints to attract a good number of challengers. He must be right on that and choosing a monohull over the technologically complex multihulls will assist in that regard.”
The technological complexity (and associated costs) of the AC multihulls must surely look simple and modest compared with what is now proposed.
Jim Farmer
4 December 2017
To finish. One concern that I do have about the next Event, wherever it is held, is the cost of the new proposed foiling monohull. No one has ever built a 75 foot fully foiling monohull and the sketches that have been released of the proposed boat show what a breath-taking challenge it will be to design and build such a boat and to make it sail. In my first piece on the America’s Cup, posted on 1 July 2013, I said:
“Grant Dalton has said that the next Event needs to meet budget constraints to attract a good number of challengers. He must be right on that and choosing a monohull over the technologically complex multihulls will assist in that regard.”
The technological complexity (and associated costs) of the AC multihulls must surely look simple and modest compared with what is now proposed.
Jim Farmer
4 December 2017
Sailbydate
Super Anarchist
What the fuck is all this shit about Corporate Governance? TNZ is a private company, owned by a charitable trust. Of course GD hates board meetings. A bunch of self-important oldfarts sitting around the board table wasting his fucking time. It's bloody window dressing at best.
The ridiculous thing about boards, in my experience, is that the CEO/CFO usually recruits its own board members - those that have useful connections and commercial 'influence', but won't get in the way.
Just get on with a successful Defence, already - which is exactly what GD is trying to do.
Fuck of Farmer, Dunphy, Ross and the rest of you shit-stirring plonkers.
The ridiculous thing about boards, in my experience, is that the CEO/CFO usually recruits its own board members - those that have useful connections and commercial 'influence', but won't get in the way.
Just get on with a successful Defence, already - which is exactly what GD is trying to do.
Fuck of Farmer, Dunphy, Ross and the rest of you shit-stirring plonkers.
Posted by Shanghai on the FP at presumption of entitlement – Sailing Anarchy
The city authorities and politicians who’ve been funding the excesses of the America’s Cup for so long are finally crunching the hard numbers. The old extravagant estimates of economic benefits and TV audiences are being re-assessed. Sponsors and governments are now making cool-headed calculations as to how much real bang they are likely to get for their bucks.
The city authorities and politicians who’ve been funding the excesses of the America’s Cup for so long are finally crunching the hard numbers. The old extravagant estimates of economic benefits and TV audiences are being re-assessed. Sponsors and governments are now making cool-headed calculations as to how much real bang they are likely to get for their bucks.
Kate short for Bob
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Farmer is being a hypocrite of the first order. His "boat building" company Georgia Racing Ltd has one shareholder and ONE Director! One James Alfred Farmer QC!!!!
One way to fund racing your TP52.
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Nobody seems to be arguing that GD is not a terrific team leader and a ferocious competitor. A hugely admirable guy in a great many ways.
But it's a reasonable argument to make, that some wise 'oversight' and advice could be good - including for him.
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porthos
Super Anarchist
Legally, you are talking about apples and motor oil. Any legal action in NZ would have nothing to do with the Deed. It can't, as jurisdiction for all Deed disputes lies in the courts of NY. I suppose someone could sue RNZYS in NZ over some internal thing, perhaps with TNZ, but any alleged breach of any duty by RNZYS as Defender has to be brought in NY. And any claim of a problem with RYZL as CoR must be brought in NY.
Despite what "one hears." And Ross's email was a howler, which NYYC apparently understood.
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Sailbydate
Super Anarchist
By Shanghai, or Anarchist, David? Not sure Shanghai will want to be tagged with David's usual rant.
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Sailbydate
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Kate short for Bob
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Yes it is a reasonable argument. That's why Team New Zealand has a Board and Senior Management.
Oops, could be mistaken on that, thanks
edit: yes, mistaken
My colleague, Shanghai Sailor, has offered a characteristically optimistic take on the chaotic negotiations over which city might host the next America’s Cup.
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idontwan2know
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I am no particular fan of Jim Farmer, but this seems to be pretty prescient to me. The AC75s were, in fact, an enormous challenge to design, build, and sail. The cost of that challenge was certainly a factor in only having three challengers.
I enjoyed watching them race and don't have any strong desire to go back to monos, but what he said ultimately proved correct.
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However people with power tend to follow such things
If true good this is good news
https://www.nzherald.co.nz/business/amazon-says-it-will-spend-75-billion-on-giant-data-centres-in-auckland/CRD5RLISXWWRXEB5YJXKIT6S5A/
shanghaisailor
Super Anarchist
Precisely Sailbydate, thanks for pointing that out. No less inaccuracy than one would expect.
What has not been 'crunched' is, as I mentioned in my latest piece' the long term benefits of the waterfront developments for AC 2000/2003 which some 20 years later are still generating various benefits to Aucklanders and the wider New Zealand population. Those benefits include the image of the Auckland waterfront, financial benefits in terms of employment, business profits and tax dollars and social benefit in the more comfortable ambience of that area of Auckland. "Hard numbers', as Anarchist David puts it, really doesn't account for the fiscal value of these benefits. some of which would require a qualified sociologist to attempt to put a value on. Of course it wouldn't benefit the naysayers' argument to include those just as lumping (as I heard) the required waste/storm water improvements in as an AC cost when they were required, and overdue, in any case.
The term "lies, damn lies & statistics" originally credited to Samuel Langhorne Clements seems quite appropriate in this context.
Kate short for Bob
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I guess it is....but do they know that Auckland sits on top of a number of dormant volcanoes? Or that NZ has energy constraints? Let alone the constraints of getting that energy to Auckland.
idontwan2know
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The argument that TNZ's corporate structure is fucked is completely accurate, but Farmer looks like a complete asshole raising it after a failed coup attempt.
Priscilla
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Amazon most probably won’t pay a cent of corporate tax locally whilst continuing to pay its workers poorly and turning a blind eye to environmental matters so not necessarily good news.
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