The Dutch syndicate DutchSail applying for participation in the draw for the 36th America’s Cup, has announced that it needs funds to prepare the team and hopes to get them through crowdfunding.
With this purpose DutchSail plans to release for the beginning of a thousand certificates. The individuals and legal entities that want to become their owners, have for two years on a monthly basis to pay 100 euros for the needs of the Dutch team.
The decision on issue of the certificate indicates that the financial position DutchSail very shaky – despite the fact that participation in the Cup “America” requires a considerable investment. Recall in this connection the fact, which we have cited just a few days ago: British billionaire Jim Ratcliffe has allocated for the development and training of the UK team, Team UK Ineos 110 million pounds (that is, at 145.5 million dollars)!
The Dutch about this funding can only dream of. Of course, they enlisted the support of several companies, but compared to the more than generous infusions of Radcliffe, is a drop in the sea. Because I had to use the crowdfunding.
To distribute certificates will begin after April 1. The date is not coincidental. To this day DutchSail should list the new Zealand Cup organizers 250 thousand dollars. This is the first part of the penalty for late filing of the application for participation in the America’s Cup. Chapter DutchSail, the famous skipper Simeon Tienpont assured that the money will certainly be transferred, but nevertheless, until this is done.
If 250 thousand and not listed, this would mean that the Dutch are forced to stop the race for the most prestigious trophy of the world sail. Then crowdfunding is not necessary.