A litle premature in its conclusion perhaps but here is an interesting story from the News Straits Times in Kuala Lumpur. This should be read in conjunction with Sail-World's own Five Million tonnes of Sands story..certainly Peter Gilmour and Datuk Patrick Lim quoted below are Can Do Guys.

'Malaysia is going to mount a challenge in the world's premier sailing event - the America's Cup - in 2011. And the good news is that world-renowned sailors Peter Gilmour and Russell Coutts are likely to helm the challenge for the event which attracts a worldwide television audience of two billion viewers.

The not-so-good news: taking part in the blue ribbon event will not come cheap. The price tag of US$130 million includes the cost of building the racing yacht in Malaysia, paying international yachtsmen and training local sailors.

The New Straits Times has learnt that discussions are under way for Malaysia to organise a team for the Cup, which is held every four years. It is part of the plan to turn the country into a major sailing hub.

Next year will see five sports centres being built to breed the sailors of the future. The centres are the national sailing academy in Pulau Duyung (Terengganu) and water sports complexes in Johor, Pahang, Sabah and Sarawak.

Gilmour said today that he was willing to bring his vast organisational and sailing experience in the America's Cup to help Malaysia compete in the Cup and would ask Coutts to get on board too.

Gilmour, who recently won the Monsoon Cup, is number one in the International Sailing Federation's ranking. Coutts was at the helm of the last three America's Cup winners including the Swiss boat Alinghi in 2003. Last year he left the Alinghi team and is being tempted by several teams to skipper their yachts.

"I am sure Coutts will be excited at the prospect of working with Malaysia. He loves a challenge and a new opportunity. There is a good chance of both of us working together to get into motion a tangible challenge to compete in the race and even bring the Cup to Malaysia", Gilmour said during a telephone interview from Perth. "Malaysia has got the reputation of getting things done as was seen in the Monsoon Cup which was successfully organised within four months".

"It is perfectly poised to take on the America's Cup challenge with international partners", said Gilmour, who added that the success of the Monsoon Cup, which is part of the Swedish Match Race Tour, had put Malaysia on the world map of sailing. This visibility boosted its chances of attracting sponsors and international crew for the America's Cup.

He said while underwriting the cost of the project needs to have a home-grown flavour, international organisations would also be roped in.

Terengganu Heritage Bay director Datuk Patrick Lim said there were tremendous benefits that Malaysia could derive from the project including breeding a new generation of sailors, infrastructure development, transfer of technology in boat building, sports tourism and entrepreneurship in support services.

"Apart from promoting a sporting culture of excellence, there is also commercial sense in getting involved in the event", he said.

He said the event should be seen as a sports industry and revenue centre rather than a cost centre, especially since it would promote entrepreneurship in new industries and bring foreign exchange through sports tourism when all the infrastructures are in place.

He said since the America's Cup winner gets to host the next event, the four years preceding to the event would see economic activities.