IACC-City is about to success (05/17/03)
  (source : IACC-City.it)
Set up in order to promote sailing and make it a more popular sport, beyond any conventions, Comitato Promotore IACC-City is getting ready for the great challenge to America's Cup 2007.

Thanks to the partnership with the lawyer Giorgio Rubini, MediaSport&Arts chairman and Century Group managing director, it has been possible to float an unprecedented and remarkable project in the international sports environment.

"Progetto Europa" ("European Project"), by which the Old Continent presents its challenge to the XXXII America's Cup, has been developed from the meeting of matured experience and relationships with high level sponsors.

In the name of the will of change shown by the present Defender in the Protocol governing the thirty second America's Cup, IACC-City aims to be not only one of the most revolutionary challengers, but also a forerunner and a "messenger" of the European Community spirit, first in trusting and promoting the European Community presence in the sailing world.

By now this challenge acquires new energy and wider horizons : the same principle of popular partecipation and involvement to support a European challenge aimed at all those fans of the oldest world sports competition.
 
  End of the dream for the third Italian Team (02/24/02)
  (source : IACC-City Challenge)
The IACC-City Challenge hopes to be a challenger for the 2006 America's Cup. In a traditional way, Enrico De Marchi, President of the third Italian projet, throws in sponge at a few days of the limiting date of deposit of the inscriptions (fixed at 1 March 2001).

Prior to the events of September 11th in New York and Washington, sponsorship hunting was already difficult as fears of recession grew, but the terrorist attacks have made it much harder. Nevertheless, Enrico De Marchi said his main problem is not raising funds but to have a boat.

On October 8th, the Team took the first step toward a new America's Cup challenge as Laurent Esquier, the Operation Manager of Prada Challenge, said the Team agrees to leased a vessel from their successful 2000 Louis Vuitton Cup campaign, ITA-48, the second cup-winning silver boat.

Virtuous circle. The investors return and, step by step, the project of third Italian Syndicate is concretized. The first names circulate and, in particular, the young Italian match-racer Nicola Celon.

At the end of December, Prada breaks the dream. ITA-48 is not available any more. The IACC-City board have decided not to go further without the boat and have today announced that they will cease operations.
 
  Ond@nomala at the Nautex - Vela Show 2002 (02/22/02)
  (source : IACC-City Challenge)
IACC-City Challenge, the third Italian potential challenger, will be at the Nautex - Vela Show which will be officially inaugurated in Rimini (Italy) tomorrow, Saturday 23 February 2002.

Nicola Celon and the Ond@nomala team will make a point of the situation during a press conference on February 24th (15pm).

On the first day of March 2002 the last deadline for syndicates wishing to challenge the Royal New Zealand Yacht Squadron for the America's Cup expires.

To be a challenger a yacht club has to send a bank draft or letter of credit to the New Zealanders for US$ 300.000 along with a certain number of other administrative details.
 
  A third italian Challenge ? - Part 4 (12/04/01)
  (source : Greg on 2004ac.com Forum)
A paragraph published today by the Gazzetta dello Sport allows to believe that the third Italian challenge is emerging.

Indeed, the negotiations with Prada seems well-engaged and it would be possible that Valleverde, an Italian fashion shoes company located in Coriano (Rimini), become their sponsor.
 
- A second chance for ITA-48 ? (05/10/01)
  (source : Margherita & Corrado on 2003ac.com Forum)
Its last official outing was in mid-december 99, just under 2 years ago Luna Rossa II (ITA48), was wrapping up the third round robin of the LVC, with an impressive record : 7 wins, 2 losses (AmericaOne and Idaten). After that, ITA-48 has served as a training boat, but has not raced again. Prada Challenge had preferred ITA 45 for the remainder of the cup.

Prada Challenge also has the two former Young Americas, ITA-48 is no longer needed, not even as a sparring partner for the training sessions on the Hauraki Gulf, and she was now looking forward to a happy retirement. But the boat could have a second chance as she returned to the public eye at the centre of high profile negotiations.

Ond@nomala (IACC-City Challenge), which is aspiring to be the third Italian Team for the next America's Cup has asked Prada to sell that Luna Rossa to sail in the next Competition and it even seems (mostly speculation as official sources are keeping quiet) that a preliminary agreement is already in place for the details of the transaction which could be concluded in the next few days.

Being able to count on a boat like Luna Rossa II, it is clear that the dream of five insomniacs who were chatting on a web site while watching Luna Rossa race, is very close to becoming reality. Nicola Celon, who seems to have been selected as helmsman, would find himself suddenly in a syndicate which does not sail in money, but rather in the legend which was Luna Rossa, keeping Italy on the edge of its seat for almost 6 months.

It is clear that from these negotiations to it s debut as 11th challenger is a long leap. Meanwhile, the sale needs to be formalised, then regulations need to be complied with, Ond@nomala need to find all its funding and every detail needs to be agreed with the yacht club which will challenge the Royal Yacht Squadron in Auckland.

Alongside the syndicate, which is probably linked to the Circolo Velico di Rimini, it is easy to imagine dozens (or hundreds) of shipowners following an old dream : The AC challenge for 100 dollars. They will never find enough enthusiasts to reach the requisite 18-20 billion Lire (9 €M), but for the ones that have paid the fee of 200000 lires (100 $), or who will do so in the near future the mouthwatering prospect of placing their signature on the hull and owning a piece of Luna Rossa is coming closer to reality.
- A third italian Challenge ? - Part 2 (05/10/01)
  (source : forums.delphi)
RNZYS Commodore Peter Taylor was interviewed today and said that they were expecting a third (!!!) challenge from Italy within the next few days/weeks and that it would be a corporate challenge rather than from a new B (the same as "Italia Auckland Con Cento dollari" ["Italy to Auckland with a Hundred Dollars"] detailed above ?) .
 
 A third italian Challenge ? - Part 1 (03/27/01)
  (source : IACC-City.it)
It has been reported today that a "popular" Italian Challenge is now emerging. The challenging club could be Club Nautico di Rimini, however no further details have been announced, or who the financier of syndicate will be.