Posts Tagged ‘Americas Cup’

Uh Oh: “Substantially Lower” Prices for Some Tickets for the Exceedingly Unpopular America’s Cup Yacht Match

Thursday, June 13th, 2013

Crowd estimates for some days of our so-called “Summer of Racing” have gone down more than two orders of magnitude from just last year.

Yes, that means that the estimates are now at less than 1% of  the 500,000 per day that ineffectual San Francisco Mayor Ed Lee was promising  all the way back in 2012.

Here’s the news:

“We have decided to substantially lower our charter prices to benefit spectators who are seeking a unique and thrilling viewing experience of the races from prime positioning on the perimeter of the America’s Cup race course,” said Captain Stephan Sowash.

Of course most people won’t pay a dime to watch this unpopular “gentlemen’s match” It may or may not be broadcast on free TV for a zero or negative(!) broadcast fee. And some tickets have already been refunded (which didn’t cost the Larry Ellison people  too much because how many people in the world would actually pay, really?)

All the deets:

America’s Cup 2013 Ticket Prices Reduced for Corporate Charter and Individuals on Official Stake Boat Odyssey with Sailing Fearless

San Francisco, CA (PRWEB) June 12, 2013

Sailing Fearless, charter provider on an official America’s Cup stake boat in San Francisco, is pleased to announce a significant price reduction to its charter pricing for the On-The-Water Viewing Experience. Corporate charters and individual ticket prices on Odyssey, a 65 foot tri-level luxury yacht, have been reduced as much as 20% to make America’s Cup even more accessible for the public to watch the competition from the premier location on the perimeter of the race course.

“With the announcement of the schedule changes from America’s Cup on June 7th, we have decided to substantially lower our charter prices to benefit spectators who are seeking a unique and thrilling viewing experience of the races from prime positioning on the perimeter of the race course” said Captain Stephan Sowash.

As an official stake boat, Odyssey will depart from Emeryville marina to form part of the perimeter of the race course offering premium viewing of the AC72 catamarans with an unobstructed view of the competition. Odyssey offers a live feed and commentary via two HDTV’s inside the cabin, a spacious main salon with wet bar and large seating area, outdoor and indoor seating with protection from the weather, and a 360 degree view of the bay. With “gyro-controlled hydraulic stabilizers”, the yacht provides extreme stability regardless of sea conditions.

“Your experience aboard Odyssey will be the best possible when it comes to capturing the excitement of the world’s greatest yacht races. This is the closest to the action you will get within the comfort, style, and luxury of a beautiful motor yacht,” said Captain Stephan Sowash.

America’s Cup charter schedule on Odyssey is as follows:

· Louis Vuitton Cup Finals | August 17th – 30th

The Louis Vuitton Cup finals are an exciting match-up of challengers in which the winner goes on to compete against the defending America’s Cup champion Oracle Team USA.

· Red Bull Youth America’s Cup | September 1st – 4th

Red Bull Youth America’s Cup features young, talented sailors aged 19 to 24 comprised of six sailors on various national teams. This is an opportunity to see the next America’s Cup generation of competitors.

· Super Yacht Regatta | September 9th, 11th and 13th

Participating in their own regatta, these magnificent super yachts will astonish as they race for the very first time in this inaugural event.

· America’s Cup Finals | September 7th – 20th

For the first time since 1851, America’s Cup is being held in picturesque San Francisco and may not be back for years to come. A great match-up between defender Oracle Team USA and the winner of the Louis Vuitton Cup Finals.

Coast Guard certified for 40 passengers, Odyssey will provide chartering from 11:30 am – 4 pm for the Louis Vuitton and America’s Cup Finals and 10:00 am – 3:00 pm for the Red Bull Youth Cup and Super Yacht Regatta with catering provided by one of San Francisco’s finest restaurants Arlequin – of the Absinthe Restaurant Group. A fully staffed professional crew will be attentive to all guests’ needs.

For more information about booking a Corporate Charter or individual tickets with Odyssey visit http://www.sailingfearless.com.

About Sailing Fearless

Sailing Fearless is a San Francisco based charter company owned and operated by Captain Stephan Sowash. With over 30 years experience on the water, Captain Stephan offers America’s Cup Charters and Dinner Cruises on a luxurious 65 foot tri-deck Hatteras yacht U.S Coast Guard certified for 40 passengers. He also Captains a 30 foot Cherubini Hunter for more intimate charters on his 6 passenger sailboat. For further information, please visit Sailing Fearless’s website at http://www.sailingfearless.com.

Read more at http://www.onenewspage.com/n/Press+Releases/74vw268ao/America’s-Cup-Tickets-Reduced-up-to-20-for.htm#51lQOdF6AXm8V7J0.99

Check Out How Big the Overly Large Wingsails of Larry Ellison’s Failed America’s Cup are – Like in Relation to a Jetliner

Wednesday, June 5th, 2013

This is pretty much to scale, believe it* or not.

Click to expand

And actually, the real wing of this KC-10 jet, which would be considered the size of a medium-big jetliner these days, is smaller than what you’ll find on Craaaaaazy Larry Ellison’s AC72 America’s Cup yachts.

And actually, Craaaaaazy Larry Ellison’s AC72 America’s Cup yachts have wings bigger those found on monstrous Boeing 747′s, your prototypical jumbo jets.

Hey Larry! Why don’t we use smaller wings on days when the wind is blowing a lot? Oh, you said no, Larry? OK fine.

But hey Larry! Why don’t we allow control devices like, IDK, spoilers, you know, the way other similar-sized wings have? Oh, you said no, Larry? OK fine.

But hey Larry! Why don’t we have a spoiler system for use in emergency situations, like NASCAR has, you know, since your people felt the need to promote this under-regulated “sport” as “NASCAR ON THE WATER?”

Oh, you said no, Larry? OK fine.

But you WILL take eight figures from the taxpayers of San Francisco in order to fund your ego-gratification race?

Well then, On With The Show.

*Your DC-10, MD-10, KC10 type aircraft were famous for having big, big tailplanes, back in the day, the likes of which you can see in this photo, the horizontal stabilizer you can see at the back. Which was fine, but it wasn’t efficient because  tailplanes don’t really lift anything. So, McDonnell-Douglas engineers made the updated model, the MD-11, with a smaller tailplane. And they also strengthened the landing gear to deal with the lengthened body. All these things led to a more efficient but harder-to-handle aircraft. So in tough landing situations things head south in a hurry and, instead of the landing gear collapsing, you’ll break a wing off and roll over. (See below.) These days, this is mostly a problem for FedEx pilots and it will continue to be for the foreseeable future. Godspeed, FedEx pilots. 

Oh, and this wasn’t the only safety issue with this unsuccessful and relatively rare a/c.

  • On July 31, 1997 FedEx Flight 14, MD-11 N611FE, crashed during a landing at Newark Liberty International Airport, New Jersey. The aircraft flipped onto its back and subsequently burned, following a landing attempt from an unstabilized flare.
  • On August 22, 1999 China Airlines Flight 642, an MD-11 operated by subsidiary Mandarin Airlines, crashed while landing at Hong Kong airport during a typhoon that exceeded the plane’s crosswind specifications, also flipping onto its back and burning. Three passengers were killed.
  • On March 23, 2009 FedEx Express Flight 80, N526FE, crashed at Narita International Airport, Japan while landing in windy conditions. Airport surveillance video showed the aircraft becoming airborne again after the first touch-down, then impacting nose-first the second time and turning onto its left side, erupting into flames; the impact flipped the aircraft upside down. The aircraft finally came to rest some distance left of the runway. The two flight crew members were killed.

WTF? America’s Cup 2013 Workers STILL Haven’t Been Paid? Big Skeleton Protest at City Hall

Friday, May 31st, 2013

Now when I say big skeleton protest, I’m talking about a big skeleton on the steps of City Hall.

The ongoing protest itself is small, with just three dudes when I passed by.

“AMERICA”S CUP” and “SHAME ON THEM”

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I can’t believe how fucked up Larry Ellison’s America’s Cup has become.

If I were Larry Ellison, I’d have my people pay the carpenters and whomever and then be done with this.

Apparently, “most” of the carpenters came up from Southern California?

And “most” of the carpentry is done already anyway.

Oh well.

Or maybe the America’s Cup people only committed to “endeavoring” to pay their workers?

Maybe it’s something like that…

PR Misstep from the America’s Cup People: Comparing Andrew Simpson Death to Famous Manslaughter Case

Tuesday, May 28th, 2013

IMO, this recent statement from Larry Ellison Person Stephan Barclay* is a misstep, but you make the call.

Check it:

“For example, following the death of Ayrton Senna in 1994, a number of measures were introduced, such as better cockpit protection for the drivers. Grooved tires were introduced in 1998 instead of racing slick tires to reduce cornering speed. Safety measures continued to be introduced into the 21st century, with a number of circuits having their configuration changed to improve driver safety.”

All right, I can understand why the Larry Ellison PR people want to compare America’s Cup 2013 to a popular sport like F1 car racing. Right? Because broadcasters actually pay money for the rights to broadcast F1, you dig. (Compare this with Larry Ellison’s America’s Cup, which needed mucho begging of NBC to agree to broadcast some of the matches for free.)

But mentioning Ayrton Senna is not a good move IMO because, from the beginning, it was investigated as a manslaughter case and, in the end, was determined to be a case of manslaughter.

Read all about it.

And, you know, people said the same things about Senna’s sport and Simpson’s sport, about how they are  inherently dangerous and whatnot. But that didn’t stop a manslaughter investigation in Senna’s case, now did it?

So where’s our manslaughter investigation?

Oh, just a “review” and let’s carry on? OK fine…

*Or, as CW Nevius spells it, repeatedly, in the pages of the San Francisco Chronicle, Stephen “Barkley.” Hey Neve! How’s that  new paywall doing for you? Oh, that badly, huh? Miss all those commenters already? Sure you do!

America’s Cup Update: Team New Zealand Protests “Last-Minute Proposals” Favoring Larry Ellison in the “Name of Safety”

Monday, May 27th, 2013

Looks like things aren’t all rosy in Larry Ellison’s already-failed America’s Cup 2013 yacht match.

Let’s hear the news of the day from straight-talking New Zealand nerd Russell Green:

“I cannot help wondering how the All Blacks [New Zealand national rugby union team] would feel arriving at the World Cup in UK in 2015 to find that there were last minute proposals to change basic rules of the game in the name of player’s safety but which in effect favoured the slower stop/start style of the Northern Hemisphere teams?”

Here’s the whole thing:

“Emirates Team New Zealand’s rules advisor Russell Green blogs about moving goal posts and the negotiations ahead.

Last Wednesday was my first day working in San Francisco and we were called to a meeting late in the afternoon by regatta director, Iain Murray, who presented his recommendations from the work of the Review Committee. Present were the key members of the teams, the event authority and Louis Vuitton.

Iain Murray, who distributed the report and then worked through the document explaining all the relevant points, looked tired. It was clear there had been some long hours worked by Review Committee in the previous six days, an amazing job in such a short time.

The teams, especially Artemis, had various questions but there was little time to digest the information as former Oracle Racing COO Stephen Barclay, who now heads the Event Authority (ACEA), revealed the document had already been made public. It was straight back to the base for Grant Dalton to talk to the team about the content and how we would deal with the upcoming work which, inevitably, be required.

It is daunting to arrive at the venue after years of planning to find the “goalposts moving” so late in the campaign, long after design decisions have been made based on the anticipated windy conditions in San Francisco.

Yet another challenge for the team. I cannot help wondering how the All Blacks [New Zealand national rugby union team] would feel arriving at the World Cup in UK in 2015 to find that there were last minute proposals to change basic rules of the game in the name of player’s safety but which in effect favoured the slower stop/start style of the Northern Hemisphere teams?

The recommendations are general, the task now facing the event and the teams is for these general recommendations to be converted in to specific rules of the event, a process which needs to be dealt with quickly so the US Coast Guard can be satisfied on safety and issue its event permit.

Many will require discussion amongst the teams and ACRM, responsible for the race management. Currently there is a high degree of goodwill and co-operation in the interests of ensuring safety but there will inevitably be differences during the process, as the teams all have different competitive strengths which they wish to protect.

The most contentious issues for ETNZ are the reduction in the wind limits and the prospect of flexible starting times.

The recommended reduction of the upper wind limits is more than we would have liked, but we always knew the 33 knot upper limit was not practical. It has been explained to us that the flexible starting time regime, intended for use in the windier conditions in the LVC, would involve the starting time only being brought forward when ACRM was sure that the wind speed would be over the upper limit at the scheduled start time.

This will clearly need the input and cooperation of the teams and we have made a proposal how this could work.

Modifications will be required to the various rule documents which govern the event. Changes to the Protocol and the Racing Rules require agreement from the majority of the teams, changes to the Class Rule requires the unanimous consent of the teams as does a document called the Newport Agreement which stipulates the format, schedule and start times of racing.

Thursday was a day of digestion and analysis ashore while our AC72 went for a sail and the external rule change process started on Friday with a three-hour meeting involving the four team’s rules advisors and ACRM.

Agreement was reached on which rule document would need to be modified to accommodate each recommendation and the next steps required.

Next there will be a series of meetings early in the coming week. I will join Jeremy Lomas and Chris Salthouse at a meeting on crew safety equipment, structural engineer Gio Belgrano at a meeting on structural issues, and Dean Barker at a skippers’ meeting to consider changes to the racing rules in the start area.

There will also be a need to work with technical director Nick Holroyd and his design team on the negotiations on the draft Class Rule changes which we are expecting from the Chief Measurer, Nick Nicholson.

A busy week coming up, but in the meantime the sailing will go on…”

PRADA Makes a Mockery of the America’s Cup Safety Review Committee – Foiling Past Larry Ellison’s Paper Tiger

Monday, May 20th, 2013

Here’s the latest from the Larry Ellison People:

We appreciate the vote of confidence Mr. Bertelli, president of Luna Rossa Challenge, gave to the America’s Cup continuing as planned this summer on San Francisco Bay,”

Uh no. What you’re getting from Mr. Bertelli is NOT a vote of confidence.

In fact, it’s the opposite.

Let me show y0u. The Larry Ellison Safety Review Committee, which, of course, is reviewing, not investigating, oh no, never investigating, perish the thought, the safety issues created by, can you guess, anyone, anyone, that’s right, Larry Ellison, issued this statement last week:

“…teams have been asked to suspend all sailing in AC72 and AC45 catamarans until the middle of next week.”

Hey, how do you say “fuck you, Larry Ellison,” you know, en Italiano?

I think you say it like this:

Click to expand

Hey, is the SFPD doing a possible homicide investigation right about now? I think so. Think on that, Larry Ellison People. Think on that while trying to figure out how the very same “America’s Cup Family” that has brought us, already, the worst AC in history, is going to investigate itself, I’m sorry, review itself in a fair an impartial way.

Hey, doesn’t the Safety Review Committee have a whole mess of conflicts? Would you like me to list them for you? (Pillow Talk: “Hey Honey, do you think…”)

And that Artemis “Big Red” AC72 _didn’t_ fold up, as reported, “like a taco shell?”  So how did it fold up? Like a chalupa? Oh, what’s that, it didn’t fold up at all? Is that what you’re saying?   

The former Big Red upon San Francisco Bay, as seen last year, a ticking time bomb that went off this month, more expensive than some of the jetliners that flew above it, and more expensive and about as tall as some jetliners are long. And yet if you were killed flying to Vegas there’d be a big big investigation, right? And what’s the response from the Larry Ellison People? It’s if you want to make an omelette, you’re going to have to break some eggs.   

Now let’s hear from an AC72 crew member:

“I hope like hell that whoever survives this thing and wins it changes the boat class to anything safer than these God-forsaken death traps.”

Our Fucked America’s Cup: Larry Ellison’s Huge AC72 Yachts Called “Death Traps” by Crew Member

Monday, May 13th, 2013

Via Andrew Alderson of The New Zealand Herald comes this quote from an America’s Cup 2013 competitor:

“I hope like hell that whoever survives this thing and wins it changes the boat class to anything safer than these God-forsaken death traps.”

That’s not a vote of confidence, Larry Ellison.

Larry Ellison giving the finger to the world with one hand whilst steering his yacht with the other:

Dont click to expand

Here’s What the Artemis Racing AC72 America’s Cup Yacht Looked Like Getting Hauled Out – Folded Up “Like a Taco Shell”

Saturday, May 11th, 2013

You can see  a little bit of the port hull and also the places where it ripped away:

Hauling out Artemis AC72 by Turtle Moon World

From the Newcastle Herald:

‘Nathan told me [the turn] didn’t seem any different to any other occasion,’’ Mr Outteridge said.

‘‘The bow dug in a little bit but he said that’s not unusual.

‘‘The next thing he heard a cracking noise and the boat went on its side.

‘‘Before it capsized it snapped in half, Nathan described it as folding like a taco shell.’’

And:

“A quick head count revealed one member of the crew was missing – Andrew Simpson – triggering a desperate search.

The British two-time Olympic gold medallist was trapped underwater, wedged underneath ‘‘a few tonnes’’ of carbon fibre, frantically trying to free himself.

His crew members could see him, fighting for his life and dived beneath the water to try to set him free.

They  handed the man they called ‘‘Bart’’ emergency oxygen bottles – which hold about 10 breaths each – in a bid to keep him alive in the hope rescue crews would arrive in time.

Just Look at How Tall the Artemis Racing AC72 Boat Was – Would Canceling the America’s Cup be a Good Idea?

Friday, May 10th, 2013

Larry Ellison knows that the AC72 standard is too large for the 2013 America’s Cup, yet on we go.

Perhaps, under the circumstances, the teams could all use the AC45 design this go-around?

As she looked last year, before the wreck of May 9, 2013 near Treasure Island: 

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CW Nevius Spanking Machine: “America’s Cup will be good for SF” – ORLY?

Monday, March 18th, 2013

Of course, the solution to all of the problems associated with Larry Ellison’s boat race is to have Larry Ellison pay for Larry Ellison’s boat race, don’t you think? I’d say about $40,000,000 would cover it, and thousands of people agree – just check out one of the petitions.

But CW Nevius is cheerleading for Larry full-tilt NO MATTER WHAT – let’s have a look:

“The financial landscape has changed. As reported this week, fundraising efforts have fallen well short of a projected $32 million.”

OH LORD. SO, WHEN DID OUR GREAT RECESSION BEGIN, SHALL WE SAY 2008 OR SO? ALL RIGHT, SO WHEN DID SFGOV / AMERICA’S CUP LACKEY KYRI McCLELLAN LAST COMMIT TO RAISING $40 MILLION FOR SAN FRANCISCO? LATE 2011, RIGHT? (SEE BELOW*) SO HOW DOES THAT WORK? ISN’T THE “FINANCIAL LANDSCAPE” ACTUALLY BETTER NOW IN 2013? I THINK SO. MAYBE PEOPLE WERE LYING? I THINK SO. OR MAYBE NEVIUS IS SAYING THAT THE FINANCIAL LANDSCAPE OF THE CUP ITSELF HAS CHANGED? BUT, CW, THERE WAS NO MONEY TO BEGIN WITH, THERE WAS NO $10 BILLION IN “FINANCIAL IMPACT,” THERE WAS NO “FLEET OF SUPER YACHTS” THAT WAS GOING TO COME IN AND RAIN DOWN MONEY ON US. IT WAS ALL MADE UP.

“…this will still basically be a break-even prospect for the city and a boost for the Bay Area’s economy.”

WELL THAT’S WHAT _YOU_ THINK, THAT’S WHAT YOU SAY. SOME WILL BENEFIT, SOME WILL LOSE. BUT IS IT REALLY SUCH A NOVEL IDEA TO HAVE LARRY ELLISON PAY FOR LARRY ELLISON’S BOAT RACE? DID WE EVEN ASK HIM?

“The anticipated windfall may not materialize, but the money won’t be taken from the general fund.”

WELL THAT’S WHAT _YOU_ THINK, NEVIUS.

“Instead of the mandated $64 an hour (yikes!), some contractors were paying as little as $27 an hour.”

COUNT THESE PEOPLE, THOSE UNSKILLED LABORERS MAKING 700% MORE THAN MARKET WAGES, AMONG THE WINNERS.

“However, Barkley had a good comeback. The Event Authority has arranged to reimburse the workers who were underpaid.”

UH NO, THAT’S _NOT_ A GOOD COMEBACK. WHY WOULD THEY AGREE TO PAY PREVAILING WAGE AND THEN NOT PAY PREVAILING WAGE? MAYBE THEY DON’T KNOW WHAT THEY’RE DOING?

“As deadlines approach, you can expect more sniping at the event – some reasonable, some pure political posturing, and some that is simply absurd.”

UH, SNIPING AT THE POOR DEAL THE CITY HAS STRUCK? SNIPING AT ALL THE CORRUPTION AND LIES THAT WE’RE DISCOVERING? ARE YOU ALLOWING THAT THAT’S REASONABLE THING TO DO, NEVIUS? ACTUALLY, I THINK YOU’D PREFER A WELL-NEGOTIATED AMERICA’S CUP DEAL OVER WHAT WE HAVE BUT YOU’RE  PRETTY MUCH INDIFFERENT. IT’S NOT YOUR MONEY THAT’S BEING WASTED AND YOU, THE SHARP-AS-A-MARBLE, EX-JOCK, EVERYMAN NEWS COLUMNIST/QUASI SPORTSWRITER, PROBABLY LOOK FORWARD TO ANY SPORTING-TYPE EVENT COMING TO TOWN, NO MATTER WHAT THE COST, NO MATTER HOW MUCH CORRUPTION.

“Those who complain that the Cup is taking place in a wealthy neighborhood that doesn’t need the benefit are an example of the latter. It’s a sailboat race. It pretty much has to be near the water.”

OH YOU SO FUNNY, NEVIUS! ACTUALLY, I THINK AVALOS WAS LOOKING FOR THE AC34 PEOPLE TO THROW A BONE TO THE OUTER DISTRICTS. SO THAT’S NOT SO “ABSURD,” IN FACT.

“It all boils down to a single question: Would you rather have this event here or not?”

OOH, THAT’S EASY! LET’S NOT HAVE THIS POORLY-NEGOTIATED EVENT HERE UNLESS LARRY ELLISON WANTS TO PAY FOR IT.

“In fact, Farrell put it very nicely at the end of the hearing.”The bottom line is this is going to be a great event at zero cost to the city,” he said.”

THAT WHAT HE SAYS. WE’LL SEE HOW IT GOES. THE FACT IS THAT DEAL WAS POORLY NEGOTIATED BY OUR SHORT-SIGHTED POLITICIANS. AND WHAT IF IT TURNS OUT TO BE NOT A GREAT EVENT. WHAT THEN?

“We’re talking about (an estimated) $900 million in economic activity and (a potential) 6,500 jobs. A lot of cities would pay a lot for that.”

UH, THE ORIGINAL ESTIMATE WAS 9.9 BILLION. THEN 1.4, THEN .7-SOMETHING AND NOW, APPARENTLY, $.9 BILLION IN “ECONOMIC IMPACT,” WHATEVER THE HELL THAT MEANS. ALL THESE ESTIMATES ARE NOTHING BUT HOCUS-POCUS FROM PEOPLE WHO REALLY, REALLY WANT AC34 TO BE PUT ON IN SF, NO MATTER WHAT THE COST. AND OH, HERE’S A QUERY: WOULD MARK FARRELL BE SUPERVISOR WITHOUT THE ASSISTANCE OF THOMAS COATES? OH NO, LORD NO.  WITHOUT TOM COATES, FARRELL WOULD BE JUST ANOTHER ANONYMOUS WHITE MILLIONAIRE DUDE WHO GREW UP A RICH KID IN THE MARINA. HERE’S THE THING: COATES LIKES BOATS. OH, AND WHAT YOU MEAN IS GIGS, NOT “JOBS,” MR. FARRELL. AND IF A LOT OF CITIES WOULD PAY FOR AC34, WHY NOT LET THEM?

“Then he went for the big finish. ”World-class cities put on world-class events,” he said. “And I think our city is going to shine.”

WORLD-CLASS CORRUPTION, FROM WORLD-CLASS LIARS, YEP.

“Sing it, Mr. Supervisor.”

YOU’RE SUCH A FUCKING BROWN-NOSING, OBSEQUIOUS KISS-ASS LICKSPITTLE TOADIE, YOU KNOW THAT, CW NEVIUS? (OH, AND YOU DIDN’T HAVE FARRELL’S PHONE NUMBER UNTIL TWO WEEKS _AFTER_ HE GOT ELECTED? YEP. HEH. YOU BELIEVED IN HIM _THAT_ MUCH, HUH?)

IN MITIGATION, I DIDN’T SEE THE PHRASE ‘NATURAL AMPHITHEATRE” ANYWHERE IN YOUR ESSAY, NEVIUS, SO THANKS FOR THAT.

IN AGGRAVATION, THE ABHORRENT PHRASE “WORLD-CLASS” APPEARED TWICE. (AND “WIN-WIN,” WELL, YOU DIDN’T SAY IT, BUT YOU WERE THINKING IT SO WE’LL CALL THAT A WASH.)

DIAL-A-CLICHE SCORECARD:

*Here it is, America’s Cup Project Update from September 2011. Now I’ll tell you, the “commitment” that Organizing Committee “CEO” Kyri McClellan (she actually was on both sides of this deal – it’s kind of a scandal) is talking about is “endeavoring” to raise $32 million or $40 million or whatever.  What she actually says is a bit different though. It seems as if she thinks (or thought, back in 2011) that her commitment was to actually raise the promised money as opposed to just trying to raise the promised money.

I think we are on track to meet the commitments of the host city agreement at the end of this year. We are out in the marketplace raising those funds and we have a great operational model with the event authority on — we provide corporate sponsor introductions and they help facilitate our outreach to philanthropists whether individuals or families and are providing us with the assets that are necessary.

“So when you ask someone for a seven figure gift, we can articulate the benefits that are coming to the city for that, helping us pay for environmental review and pay for the transit and doing it the San Francisco Way. The folks who made early commitments to us before we had our tax exempt status are really proud of the way it is unfolding. as more definition comes to the plan and people have a better understanding of the community benefits, what are the youth opportunities, what are the workforce and job plans and that is unfolding the next three months so we are going out to sell those opportunities for folks to help us facilitate our obligations.

“Generally I say I’m raising $40 million if you count the $32 million specified in the host city agreement. There is a bond provision and other obligations, whether taxes or utilities, garbage. Then I have the operational expenses. So if you roll it all up, a little bit of contingency, I think we are generally comfortable saying we are raising $40 million.”

Uploaded on Sep 21, 2011

This Press Conference held at San Francisco City Hall unveils schedules for America’s Cup racing around the world for the next three years, culminating in the ultimate America’s Cup held in San Francisco in 2013.”