America's Cup: Entry process opens on 1 November

8:22 PM Mon 25 Oct 2010 GMT

'The Cup - 34th America's Cup' ? Guilain Greiner

The America's Cup Defender, Golden Gate Yacht Club, has announced the process for entry into the 34th America's Cup, ahead of the entry window opening on 1 November 2010 and closing on 31 March 2011. The only fee that is required with the lodgment of the Notice of Challenge is a $25,000 payment to America's Cup Properties Inc. Once accepted further performance bonds are required to be lodged in mid-2011. While substantial ($1.5million each) they are refundable if the team does not default on the America's Cup World Championship series. The entry fee itself of a million Euros is not ...

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by Richard Gladwell