New Framework For America’s Cup

A new framework of America’s Cup has been designed and accepted by the teams.

The new framework the trophy aims to make the things easy like meeting cost hi-tech boats that goes multi-million dollars, give clarity for sailors, broadcasters and fans and raise sponsorship.

Till date five out of six competitors those are participating in the America’s Cup taking place in Bermuda have agreed to the changes made. The only one who has not signed and agreed to the plan is New Zealand team Emirates.

Glenn Ashby skipper of ETNZ said, we got information about the changes in July, and that time it was only the proposal, however, we are still concerned about the restrictions that this change will impose on the team.

On this move of Team Emirates Of New Zealand, Land Rover BAR CEO Martin Whitmarsh said that, the managing team is hopeful that ETNZ will soon be the part of this move as the changes are good for the stakeholders of the championship.

The new agreement has been signed by Artemis Racing, Team France, defender Oracle Team USA, SoftBank Team Japan and Land Rover BAR. All yacht clubs associated with these teams have also agreed with the decision.

Five-time America’s Cup Russell Coutts said “This is happening for the first time in the history of over 165 years, ” he further added that for the first time all teams have joined hands for the benefit. The move will not only benefit the teams, but the America’s Cup as well.

The fresh framework designed will now determine the format of America’s Cup next two cycles, its class rules and its protocols.

Oracle Team of USA skipper Jimmy Spithill commented on the move and said ” Now a clear plan has come into place that confirms competing in the competition using equipment and existing boats as much as possible to reduce the costs.