Billionaire Boys Cup (America's Cup 2003)

morpheus 2001 writes "Wired has a story on the fight to win the America's Cup 2003, a sailing race held every 3 years. The story carries the title 'Billionaire Boys Cup', referring to both the competitors and the millions of dollars that it now takes to field a team. This time around the two US teams pit Craig McCaw and Larry Ellison against each other using their respective technological prowess to beat each other and the rest of the world. The story mentions that all of the teams competing will drop collectively over $700 million, with $30 - 40 million to be spent on R&D (per team) alone. The story gives an excellent description of how the use of technology and massive databases work in concert to give a team an edge of mere seconds, which can be the difference between winning and losing a race."

Comments

A couple of facts

[SailorBoy]

Just to set the record straight...

The America's Cup is not held every three years. There is no set schedule. At the start of each cycle, the Defender and the Challenger of Record sit down and negotiate a schedule. This time around, Team New Zealand and Prada decided on a three year schedule. Last time around, Team New Zealand and the New York Yacht Club agreed on a five year schedule. To my knowledge, the shortest schedule was one year (with the New Zealand "big boat" challenge against Dennis Connor's catamaran - what a fiasco!) in 1988.

Second, there are three American syndicates this year. The poster was correct that two of them are backed by Larry Ellison (Oracle BWM from the Golden Gate Yacht Club) and Craig McCaw (OneWorld from the Seattle Yacht Club). However, there is a third American syndicate this time around: Dennis Connor's Stars and Stripes campaign, from the New York Yacht Club. Dennis Connor (aka Mr America's Cup) has participated in every America's Cup going back over 20 years. He's lost the cup twice, and won it four times. This is also the first time in several America's Cup cycles that Dennis Connor has had the money from his backers to support a two-boat campaign, making him very dangerous to retake the cup.

I also want to take issue with the tone of the original posting. Yes, it takes a lot of money to run a competitive America's Cup campaign these days, but that money isn't being thrown away. There is a lot of community service being done by most of the syndicates. Also, the research done into boat design does trickle down to the common man, making sailing more fun for everyone else. Plus, it's a good venue for advertising and since each syndicate by definition must represent its home country, a good way to be patriotic as well. Most of all though, it's a grand spectacle. Why not sit back and enjoy the show?

Halmonster