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   THE REGATTAS AND THE "LOUIS VUITTON ACTS"

"Our vision is to make a bigger event, to run over a longer period allowing the partners to get a better, earlier and more regular return for their investments", explained Michel Bonne- fous, the CEO of AC Management.

The 2004-2007 America's Cup now consists of Pre-Regattas (Louis Vuitton Acts), the Louis Vuitton Cup (the Challenger Selection Series) and the America's Cup Match.

The "Terms of Challenge" include a 13 Pre-Regatta programme, known as "Louis Vuitton Acts", that deliver immediate exposure in a variety of geographic locations from September 2004.

The series of pre-regattas yield more meaningful America's Cup racing, with at least three events being eld in each year leading up to 2007.

Fleet racing were incorporated in some of these regattas, and the races are open to all, including the defender.

 

  THE INSCRIPTIONS

With the signing of an amended protocol and the publication of the Terms of Challenge, the challenge period for the 32nd America's Cup commenced on Monday 26th January 2004 and remains open until the end of 2004.

The challenge deadline is 17 December 2004. Challengers will be accepted after that date until 29 April, 2005 if accompanied by a late fee (€200.000).

If ACM is demanding a €1 million "performance bond" from teams, the start-up costs have received a welcome reduction by the waiving of the non refundable entry fee, which had been set at €450.000.

The Swiss have felt able to drop the entry fee by virtue of holding a bidding auction for host cities. Valencia's winning offer and the sale of title sponsor rights to Louis Vuitton and Endesa mean the Swiss have raised at least €100 million.

 
 
 
 
 
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