"We have put a lot of thought and planning into it", Russell Coutts said about his plans, developed with American Paul Cayard, for a new pro-series, fleet race championship circuit, in identical high performance 90-footers.

"But we made a decision that we're not going to make any announcement until all the elements are in place."

"If it does happen it will be great for sailing. It's a totally different concept to anything that's out there at the moment."