America's Cup: Sweeping changes will ease financial pain for teams

9:28 PM Fri 3 Jun 2011 GMT

'AC45's will now be used for the duration of the America's Cup World Series through to 2013.' Chris Cameron/ETNZ Click Here to view large photo

Sweeping changes have been made to the America's Cup Protocol following a Competitors Forum earlier this week, held by teleconference, and followed by subsequent discussions, negotiations and voting. The fundamental change that has been made is for the America's Cup World Series to be split away from the America's Cup itself. This will enable teams to compete in just the America's Cup World Series, or compete in the America's Cup as well. In other words there is now a two-level competition. The effect of this move is to greatly ease the financial pressure on the newly established teams ahead of ...

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by Richard Gladwell