Two months prior to the official closing date for entries on 17 December, the challenger forum used the reserve day between the two Acts to meet in Valencia.

Eight teams, of which six have already officially filed their challenge plus the defender, first competed in Valencia. However, six delegates from all twelve so-called prospective challengers closely observed the on-goings.

Apart from various regulations regarding on-board camera men, the use of data compiled by the regatta recording "Go Virtual" and many other topics, they discussed the next steps towards the Louis Vuitton Cup in spring 2007.

The syndicates present were unanimous in that starting with the next Acts (number 4 and 5) at the end of June 2005 in Valencia, all results are to count towards the yet to be defined settings for 2007.. The game is on now.