3:39 PM Thu 12 May 2011 GMT
Today Thierry Barot, CEO China Team, signed a Memorandum of Understanding with Mark Evans, MD McConaghys International in Zhuhai, China. McConaghys will be building the AC72 for China Team to compete in AC34 in San Francisco. 'It's just signing a piece of paper,' said Barot, 'but it's so much more than that. I am so pleased that we have McConaghys on board for the next China Team America's Cup challenge. We know that the construction of our AC72 is now in safe hands.' Evans said, 'we are delighted to be involved in a second China Team challenge - we built
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by Guy Nowell, Sail-World Asia
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