America's Cup Latest
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| AMERICA'S CUP
* While two Challenge are emerging in Spain and Australia, Germany's first-ever America's Cup campaign appears to be in the dark and it is now probable that the Michael Illbruck's effort is dead in the water.
"We are giving ourselves until this spring, likely May, to make it happen", John Kostecki said in June. "If not, we're going to stop raising money".
He has joined Oracle BMW Racing's afterguard in August, taking along with him his friend Ross Halcrow, trimmer and sail program manager on board illbruck.
In september, Glenn Bourke, former illbruck Challenge's Chief Executive Officer, has accepted the position as Chief Executive of the Volvo Ocean Race which will start from Europe in 2005.
In a recent interview with Laurie Fullerton, Russell Coutts said that Dane Michael Richelsen and Spanish Juan Vila now join forces with Alinghi. They were respectively head designer and navigator for the german Challenge. -- CupinEurope.com, www.cupineurope.com/LatestNews/2007Pinta2.htm
* The two last America's Cup provided a significant boost to the Auckland and NZ economies (from expenditure by syndicates, organisers, sponsors, super-yachts, tourists and Government) and the city which will host the next event can hit the jackpot.
"Everyone doesn't imagine what a victory can do for Marseille", it's said in the Jean-Claude Gaudin's team. The French studies show that €1,500 million in new income and 6,000 jobs could be create by the Cup.
The Portuguese bid lead by Patrick Monteiro de Barros, Cascais Naval Club Commodore, estimates minimal incomes of 1,500 millions euros between 2004 and 2007 with this event organization.
"Economic direct impact of this regatta around Lisbon's area will be twice as much as the incomes from Euro 2004", the Lisbon organising committee said. "The most popular sport, European Football Championship, would obtain incomes around €850 million, America's Cup can generate a minimum income of €1,500 million".
The estimative of the Portuguese organization indicates that between the pre-selection in 2004 and the event final phase in 2007, will create 12 to 15,000 work positions for one year.
More modest, "forecast calculate the economic impact at €1,000 million, creating approximately 10,000 jobs with a duration of one year", a statement said on the Valencia's official Website.
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