Tag Archive | "Emirates Team New Zealand"


New board named for Emirates Team New Zealand

Posted on 07 April 2014 by Valencia Sailing

[Source: Emirates Team New Zealand] Retiring chairman of Emirates Team New Zealand Gary Paykel has announced the formation of a new five-member board of directors to govern Emirates Team New Zealand.

He said he had consulted widely to assemble a board made up of passionate New Zealanders with a range of skills and in-depth experience in many areas of New Zealand business and technology as well as past experience with the team and the America’s Cup.

Mr Paykel said Dr Keith Turner, a former chief executive and experienced company director, would chair the board.

The board’s immediate tasks are to review the Protocol (the document which governs the conduct of the America’s Cup), assess the possibility of mounting a credible challenge from New Zealand and prepare a business case for the Government. Oracle, the defender of the America’s Cup, is expected to make the Protocol public within the next few days.

“This is a strong group of directors who will work closely with all stakeholders, including the government, as we make an assessment of mounting a challenge in 2017,” Dr Turner said.

“Should the Board determine that a challenge is credible, I expect the Government will then decide whether to invest in a challenge and if so, seek a further appointment to the board.”

While details of the management structure and the operating model will be worked through as part of preparing the business case for any challenge, Grant Dalton will assume the position of CEO, reporting to the Board.

The board met for the first time today (Monday April 7).

Chair, Dr Keith Turner

Dr Turner is an experienced professional director. He is currently the chairman of Fisher & Paykel Appliances Limited, deputy chairman of Auckland International Airport, and a director of Chorus. In Australia he is a director of ASX listed Spark Infrastructure Ltd. As part of his Spark responsibilities he is a director of South Australia Power Networks and Victoria Power Networks.

He is a former chair of Solar City Limited and has significant experience with small, technology start-up ventures.

Dr Turner has extensive experience in the energy sector, most recently as chief executive officer of Meridian Energy Limited from 1999 to 2008. Prior to that, he worked as a private energy consultant advising a range of large corporate clients and Government.

Dr Turner has a practical bent, having built an 11.5m cruising yacht and a 250sq m replica colonial home. He is now based in Tauranga.

Emirates Team New Zealand’s new board will assess whether a credible challenge can be mounted under the rules Russell Coutts and Larry Ellison are set to present soon. Photo copyright Pierre Orphanidis / www.vsail.info

Director, Sir Stephen Tindall

Businessman, philanthropist and investor Sir Stephen Tindall, founder and director of the Warehouse Group, has had a long association with Emirates Team New Zealand.

As an investor in New Zealand enterprises, he has made substantial investments through K1W1 and other vehicles as seed and venture capital into a large number of start-up and early stage businesses from biotech, environmental technology, electronics, high tech, software and other businesses with high export potential.

Sir Stephen and his wife Lady Margaret established the Tindall Foundation to focus New Zealand on improving the performance of families and social services; supporting community-based initiatives that create employment and encourage enterprise; supporting the environment and preserving biodiversity; promoting generosity and giving.

In 2009, he was made a Knight Companion of the NZ Order of Merit, 2007 Distinguished Companion of the NZ Order of Merit; 2006 The Sir Peter Blake Leadership Medal.

Director, Greg Horton

Greg Horton is one of the founding directors of Harmos Horton Lusk, an Auckland-based specialist corporate legal advisory firm.

In his legal practice, he specialises in M&A transactions (public and private),takeovers, corporate law, governance, strategic and board advice and also structures and advice for high net worth families.

He is a director of Fulton Hogan Limited, New Zealand Funds Management Limited and Tappenden Holdings Limited, and is a trustee, director and investment committee member of a number of other entities.

Director, Tina Symmans

Tina Symmans has more than 25 years’ experience in advising companie smost particularly in the fields of strategic communications and corporate and government relations.

Tina operates her own practice and has had significant experience and connectivity with the corporate sector and government.

She is a director of Forsyth Barr, a member of the Takeovers Panel and chairs Williams Warn, a private company. Tina was previously a director of PSIS (Co-operative Bank) and Turners & Growers.

Prior to 2012 Tina was a member of the senior management team at Telecom as director of corporate relations and was on the team that ran the successful demerger program forming Telecom and Chorus.

Director, Bob Field

Bob Field recently retired from a successful career in the international motor industry, including 30 years as managing director and chair of Toyota New Zealand.

He has a strong record of governance with national organisations involved in conservation, road safety and best business practice.

Former roles include chair of the NZ Business Council for Sustainable Development, Chair of WWF and president of the Motor Industry Association.

Current roles include chair of CMD Nominees and directorships of Kiwirail and NZRU.Bob has been closely involved with Team New Zealand for 25 years and six successive Americas Cup campaigns as a sponsor, an advisor and a mentor for the team.

- See more at: http://etnzblog.com/#!2014/04/new-board-named-for-etnz

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Emirates Team New Zealand signs new sponsor for the Extreme Sailing Series

Posted on 19 March 2014 by Valencia Sailing

[Source: Emirates Team New Zealand] Britomart, Auckland’s leading commercial, retail and entertainment development, has joined with Emirates Team New Zealand for the Extreme Sailing Series.

The Extreme Sailing Series is a hotly contested, quick-fire regatta series, held close inshore at venues around the world. The 2014 series has eight regattas – the first held last month at Singapore and the second due to start this week at Muscat, Oman.

Britomart is a 6.5 hectare precinct of historic buildings, new developments and public spaces between Auckland’s waterfront and the CBD. The area has a rich history, as Auckland’s first mercantile centre. It is also home to one of the largest concentrations of heritage buildings in the city.

A neglected area of downtown in the 80s and 90s, Britomart, under the ownership of Cooper and Company, is a busy and diverse mix of restaurants, bars, boutiques and offices. The precinct continues to evolve, and there will soon be close to 200 businesses based at Britomart.

Emirates Team New Zealand managing director Grant Dalton welcomed Britomart’s involvement with the team. “Britomart has transformed a formerly run-down part of central Auckland into an exciting destination. The team shares many of the company’s values and we have a common vision – achieving excellence in every area of operations.”

Emirates Team New Zealand training on the eve of the Oman regatta

“Britomart is incredibly proud to be supporting Emirates Team New Zealand at the Extreme Sailing Series,” said Cooper and Company’s Peter Cooper.

“The precinct is home to world leading New Zealand fashion designers, chefs, businesses and more, and it will be thrilling to watch Emirates Team New Zealand competing at the highest international level,” said Peter.

“We’ve spent 10 years revitalising a once derelict – now thriving – part of Auckland as a legacy for our city, and we’re hoping that Emirates Team New Zealand will also succeed on its world stage of sailing as a stepping stone to the next America’s Cup.”

Extreme 40 race courses are short and tight; races last only eight to 12 minutes and there can be as many as 10 races a day. With 12 teams racing 40ft catamarans, the action is fast and thrilling.

Emirates Team New Zealand contested the series in 2011. It was a valuable introduction to top-level multi-hull racing for a team of seasoned monohull sailors faced with an America’s Cup racing catamarans.

This year the team will again use the series as a method of keeping sailing crew sharp. Team members will be rotated throughout the series with Dean Barker and Peter Burling sharing helming duties.

Extreme 40 racing is unlike any other; the teams are very competitive, races are short, the action non-stop and split-second decisions are needed.

Racing takes place over four days at each event: one day of open water racing followed by three days of stadium racing. If the breeze is favourable eight to 10 races can be held each day

Remaining venues in the 2014 series are: Muscat, Oman (March 19-22), Qingdao (May 1-4), St Petersburg, Russia (June 26-29), Cardiff, Wales (August 22-25), Istanbul (September 11-14), The Mediterranean at a port to be announced (October 2-5), Sydney (Dec 11-14).

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Team Campos and Emirates Team New Zealand join forces for the Volvo Ocean Race

Posted on 06 March 2014 by Valencia Sailing

Team Campos has just issued a press release in Spanish, confirming their joint venture with Emirates Team New Zealand [Note: The translation is ours from the original in Spanish]:

Grant Dalton and Pedro Campos, representing Emirates Team New Zealand and Team Campos, reached an agreement to join forces in order to achieve that a team carrying the Spanish flag at its stern, took part in the next Volvo Ocean Race.
This decision is motivated by the short time remaining until the start of the race and the difficulty in obtaining, separately, the necessary resources to compete with a chance at winning.
The great technical quality of both teams and the excellent results they have achieved in the past will undoubtedly prove a great attraction for sponsors, given the real options they have towards achieving victory.
In the coming weeks, the priority will be to finish finding the necessary resources. In addition, due to the short time left, the boat will remain in Europe from her launch until the start of the race, setting up her training base probably in Sanxenxo, where Team Campos already has an operational structure.

Pedro Campos stated: “We are thrilled to collaborate with Grant, one of the great figures in world sailing, and someone that knows Spain well and that has trained for a period in Sanxenxo with Amer Sports. He’s a great sailor in both the America’s Cup and the Volvo Ocean Race, in which he has participated several times, always with great success.”
Grant Dalton stated: “I also look forward to working with Pedro and his team, while they were such tough rivals in the last edition of the Volvo Ocean Race.”
New Zealand and Spain are two countries full of great champions and countless successes both in Olympic sailing and offshore sailing, and the experience of both parties that come together in a joint effort will be the best guarantee in their endeavor to lead the team to the top.

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Did the 34th America’s Cup actually bring additional visitors from outside San Francisco?

Posted on 02 March 2014 by Valencia Sailing

The San Francisco airport recently published its passenger traffic data for 2013. It was a record year, with a total of 45,011,764 passengers, compared to 44,477,209 passengers in 2012 (the previous record year), which translates into an increase of 1.2%

One would think that the America’s Cup significantly contributed to that all-time record and that an important part of these 534,555 additional passengers at the city’s airport had come from the four corners of the USA and from around the world to watch the truly spectacular AC72′s flying at nearly 50 knots on the San Francisco bay. However, the headline number masks a less than stellar summer. Not only that, traffic in the months of July, August and September of 2013 was actually LOWER than the corresponding period of 2012.

Total passenger traffic in the 2013 “Summer of sailing” was 12,317,695 compared to 12,483,813 in the same period of 2012, that is a decrease of 1.3%

Although the America’s Cup finals were a resounding sports success and provided a thrilling come-back story, they didn’t bring more visitors that would have in any case visited San Francisco! Passenger traffic in September of 2013 was 3,785,479 compared to 3,831,358 in the same month a year earlier, a decrease of 1.2%

San Francisco airport passenger traffic

2012 2013 Change
September 3,831,358 3,785,479 -1.2%
August 4,362,369 4,351,101 -0.3%
July 4,290,086 4,181,115 -2.5%
TOTAL 12,483,813 12,317,695 -1.2%

The reason behind the record in 2013 can be found a few months after the end of the 34th America’s Cup. The increase in passenger traffic was mainly due to a spike of nearly 11% in the month of December, a result of the extraordinary cold spell that hit most of the US and Canada and forced vacationers from the regions buried under a foot of snow to seek refuge in the sun and warmth of San Francisco during the Christmas holidays…

Unfortunately, this data seems to prove what everybody always thought. The 34th America’s Cup was largely a local sporting event in San Francisco that failed to attract interest in the rest of the US or abroad. There might have been big crowds in the final days but it now appears they were mostly locals or at most, visitors from around the city.

Not that there is anything wrong with that. When Larry Ellison organized the America’s Cup, his one and only preoccupation was to retain it. The rest was superfluous, despite the public rhetoric and PR. The less teams there were, the smaller crowds attended, the better it was because that meant less headaches and smaller costs for the organization. That’s the DNA of the America’s Cup and if someone thinks he can run a better and bigger event, all he has to do is to win it in 2017.

Should we now expect sailing fans to flock in droves in Hawaii in the summer of 2017?

The America’s Cup was truly a spectacular race but hardly anyone outside San Francisco was there to witness it…

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Gazprom said to sponsor Emirates Team New Zealand’s entry in the Volvo Ocean Race

Posted on 28 February 2014 by Valencia Sailing

If one is to believe Pedro Sardina’s article published Thursday evening on the ABC website, and given his prominant position in the sport of sailing in Spain we have every reason to believe it, not only are Emirates Team New Zealand entering the Volvo Ocean Race with Team Campos, they will be sponsored by Gazprom, the Russian energy giant.

According to Sardina, the Spanish-Kiwi deal was brokered by Knut Frostad, CEO of the Volvo Ocean Race, during the previous weekend. Grant Dalton spent the weekend in Spain, more precisely in Madrid and Alicante, where he held talks with Pedro Campos and Knut Frostad.

He had flown from Singapore where, always according to Sardina, he had held talks with Gapzrom together with Chris Nicholson, the skipper of the new dual-flagged team. Emirates Airlines and Gazprom will provide together €10 million euros while an additional €2 million will come from the New Zealand government, always according to Pedro Sardina.

The crew of the team will be made of New Zealanders with the exception of one or maybe two Spaniards, one of which will certainly be Xabi Fernandez

In a deal said to have been closed in Singapore, Gazprom will sponsor Emirates Team New Zealand’s entry in the Volvo Ocean Race. Photo copyright Lloyd Images

Team Campos from their part, always according to the article, will bring €6 million euros, provided by Spanish insurance group MAPFRE, as well as Argentinean designer Juan Koyoumdjian who will be in charge of optimizing the appendages of the Kiwi-Spanish boat. Note: Given the fact the VO65′s are supposed to be one-design boats, we cannot see how that would be possible. It could be that Kouyoumdjian found another of his famous loopholes. Last but certainly not least, Juan Villa, one of the world’s best, if not the best, offshore navigators is rumored to be in charge of navigation, taking a temporary leave from the design offices of Oracle Team USA and the 35th America’s Cup.

Given the extremely difficult sponsorship environment in the sport of sailing, Sardina’s article seems extremely credible. None of the two parties was able to get the appropriate funding as a standalone entity and as a result, the only solution feasible was a joint-venture, brokered by Knut Frostad.

If now, all the information is correct, is there any doubt this will be the strongest team in the 2014-15 Volvo Ocean Race?

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Grant Dalton largely confirms our story on Emirates Team New Zealand’s entry in the Volvo Ocean Race

Posted on 26 February 2014 by Valencia Sailing

Grant Dalton barely had any time to step into the Emirates Team New Zealand base in Auckland, freshly arrived from Madrid, and had to face the cameras of New Zealand’s TV3 News that were following up on the story we broke yesterday, thanks to the tip by one of Spain’s most important and influential sailing journalists, Nicolas Terry.

In the 3-minute video, Dalton confirmed he had arrived from Madrid where he signed a partnership with Pedros Campos and Team Campos in order to file a joint Kiwi-Spanish entry in the upcoming Volvo Ocean Race. The team will be dual-flagged, similarly to the previous arrangement with Camper, it will be run by Emirates Team New Zealand and skippered by Chris Nicholson.

Dalton stressed that our story was “speculative” and although it held some truth, the deal was far from being concluded. He stated the target budget of the team was NZ$30 million, approximately €18 million, which is close to the €16 million reported by Nicolas Terry in his initial tweet. Dalton didn’t mention what part of that budget the two parts would provide but our Spanish sources insist the split would be approximately €10 million from the Kiwi side and €6 million from the Spanish side, coming mainly from Spanish insurance group Mapfre.

Nevertheless, one should always take Dalton’s comments with a pinch of salt. In the previous edition of the round-the-world race he was denying there was any deal with Camper the same moment the Palma Yacht Club was sending a press release, inviting local media to the official presentation.

We have also contacted the Team Campos communication department and their reply was along the same lines. They confirmed there were discussions between them and Grant Dalton but stressed again the fact it was far from being a done deal.

The truth must lie somewhere in between since it is clear by now that the two parties have been unable so far to find the necessary funding for a standalone entry, otherwise they wouldn’t have required this joint-venture. Although the move by race organizers to the one-design VO65 and the centralized services has been a fundamental factor in serious cost reduction, it is largely believed that the minimum budget in order to have a decent performance is around €15 million. Neither ETNZ nor Campos seem to have been able to reach that threshold and a Kiwi-Spanish partnership seems to be the only way to go ahead.

Unfortunately, TV3 doesn’t allow embedding its videos, so please click here to watch Grant Dalton’s interview.

Grant Dalton talks to New Zealand’s TV3 News

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Emirates Team New Zealand to enter the Volvo Ocean Race with Pedro Campos and MAPFRE

Posted on 25 February 2014 by Valencia Sailing

According to one of Spain’s top sailing journalists, Nicolas Terry, Emirates Team New Zealand is back in the Volvo Ocean Race, joining forces with Pedro Campos.

Just like the previous edition of the round-the-world race, Emirates Team New Zealand will take part in a Kiwi-Spanish joint-venture and according to reliable sources out of a total budget of €16 million, Grant Dalton will chip in with €10 million while Mapfre, the Spanish insurance giant, will provide €6 million.

Hats off to Grant Dalton for securing yet another big-name sponsor from Spain to fund the Kiwi entry in the premiere round-the-world race. There is a rumor about a big Russian sponsor as well but this is still unconfirmed.

This is a developing story, so stay tuned…

Emirates Team New Zealand will have a busy year with the Extreme Sailing Series and the Volvo Ocean Race. Photo copyright Chris Cameron / Emirates Team New Zealand

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Photo gallery: Day 2 of Extreme Sailing Series Singapore

Posted on 21 February 2014 by Valencia Sailing

Event photographer Mark Lloyd produced a set of stunning photos during the second day of the Extreme Sailing Series event in Singapore. It was truly hard to limit the selection to a few ones

Racing action on the second day of Act 1 of the 2014 Extreme Sailing Series. Singapore, 21 February 2014. Singapore, 21 February 2014. Photo copyright Lloyd Images

Racing action on the second day of Act 1 of the 2014 Extreme Sailing Series. Singapore, 21 February 2014. Singapore, 21 February 2014. Photo copyright Lloyd Images

Racing action on the second day of Act 1 of the 2014 Extreme Sailing Series. Singapore, 21 February 2014. Singapore, 21 February 2014. Photo copyright Lloyd Images

Racing action on the second day of Act 1 of the 2014 Extreme Sailing Series. Singapore, 21 February 2014. Singapore, 21 February 2014. Photo copyright Lloyd Images

Racing action on the second day of Act 1 of the 2014 Extreme Sailing Series. Singapore, 21 February 2014. Singapore, 21 February 2014. Photo copyright Lloyd Images

Racing action on the second day of Act 1 of the 2014 Extreme Sailing Series. Singapore, 21 February 2014. Singapore, 21 February 2014. Photo copyright Lloyd Images

Racing action on the second day of Act 1 of the 2014 Extreme Sailing Series. Singapore, 21 February 2014. Singapore, 21 February 2014. Photo copyright Lloyd Images

Racing action on the second day of Act 1 of the 2014 Extreme Sailing Series. Singapore, 21 February 2014. Singapore, 21 February 2014. Photo copyright Lloyd Images

Racing action on the second day of Act 1 of the 2014 Extreme Sailing Series. Singapore, 21 February 2014. Singapore, 21 February 2014. Photo copyright Lloyd Images

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