Posts Tagged ‘bermuda’
Next time you prepare a regatta budget, just remember this one…and thank your lucky stars you aren’t on the hook. According to the Bermuda government, the 77 million dollar cost of hosting the regatta can be broken down into two categories: The $37M bill is all Bermuda’s, while the second depends on ‘private sponsors’ and totals another 40 million.
- Investment in Bermuda infrastructure and services over the next three years, which is estimated at $37 million, and
Sponsorship of the event over three years as part of Bermuda’s bid package, which includes $15 million in direct sponsorship and a $25 million sponsorship guarantee. For clarity, this sponsorship guarantee is not money spent by the government, but rather an underwriting of private sponsors. That underwriting will be reduced as additional commercial sponsorships facilitated by Bermuda come on line and by a proportion of admissions revenues earned up until August 2017
Finance Minister Bob Richards stressed that the claim that the America’s Cup will cost the Bermuda government $77 million is false. That statement assumes that the America’s Cup in Bermuda will be an abysmal failure with no sponsors.
February 23rd, 2015 by admin
Extinct. Ancient. Deadly. From pre-historic times. Once-feared, but presumed dead. Defeated by modern technology. Whatever we’re talking about, it’s back, and it’s already in Bermuda, the next America’s Cup venue.
Are we talking about the return of the measles, last seen in BDA more than 25 years ago?
Or is it something far more frightening?
February 12th, 2015 by admin
We’re not sure how long the webcam will hold up, but for the moment we have the rare luxury of watching a hurricane as it rolls into Bermuda. Our thoughts are with all the Anarchists on island – stay safe. Click the pic to see the live camera, and now for the PSA from SA Weather Bureau Chief (and tech shirt guru) Mark Michaelson.
Now would be the time to move you and your family to a three story or elevated steel reinforced concrete structure. This one is for real.
My hunch is that the island could be without power for up to a month so make sure you have plenty of cash on hand. Let me know if you have any questions.Winds will be Tropical Storm force this morning becoming Storm and then quickly becoming hurricane force this afternoon. Seas will rapidly build to 35-40 feet. Heavy surge will accompany high tide around 5PM. Structurally this is on the large side for a Category 3 storm. It is moving NNE @15 so there is not a lot of time left to get to a safe shelter before movement will not be possible without risk of severe injury or death from flying debris. I expect the next advisory will maintain the intensity (Roughly) but change the trajectory to more NE. Bermuda lies in the NE quadrant of the storm which is the worst place to be. Good luck to all on the island. You are always welcomed to call or text me to get eyes on the storm from the outside for as long as you have the ability to communicate.
October 17th, 2014 by admin
Cat 4 Hurricane Gonzalo visited many of our favorite sailing destinations yesterday, and Antigua, Anguilla, St. Martin and St. Barths are all reeling. Despite accurate forecasts days ago, dozens of yachts were tossed onto land in SXM and sunk in its lagoon. It wasn’t just boats damaged, either – the 120 knot winds tore roofs off homes and sent shanties toppling, one person lost his life in the lagoon and at least two people are missing…thus far…and there’s still no power and therefore not a ton of information. There are some decent damage reports, pics, and video on local Yana Gibbs’ Facebook Page and keep an eye on the thread for more. And if you have some info, please post it - because Gonzalo ain’t finished by a long shot.
The NHC’s warning map makes the tiny island nation of Bermuda look like a slow pitch down the middle for Gonzalo’s 140 knot bat, and he’s taking aim tomorrow with no real weakening in the forecast. If you’re visiting or living in Bermuda, don’t take the laissez faire attitude many did in the French caribbean; get your shit tucked away, be sure you have potable water and food, and get to high ground long in advance.
And if you’re a fan of the America’s Cup, now’s the time to figure out what to do when a hurricane comes straight at your fleet of AC62s, cruise ship hotels, and super yachts. Our suggestion: Ask Russell.
October 16th, 2014 by admin
The Bermuda Sun didn’t take kindly to our analysis of potential AC35 venues last week, devoting half a page of text to Sailing Anarchy’s ‘naiveté’ in criticizing the tiny island as an America’s Cup venue. The Sun’s confidence comes in part thanks to a single source they cite; a retired sailing coach named Paul Doughty, the Bermuda media’s go-to guy for quotes. ”Sailing Anarchy…have no idea what this tiny island gave the sailing world,” said Doughty.
We do, in fact, know what Bermuda gave the sailing world, Mr. Doughty. But your island’s 17th century contribution to upwind sailing has precisely fuck-all to do with the logic of holding an AC in Bermuda, especially one held by a US-based team. Doughty says “I think it would be a tremendous shot in the arm for Bermuda…In terms of world exposure, it’s massive. Every single yacht club in Europe would see us and the incredible place that we sail in.”
You know what, coach? It would be incredible for the economy of, say, Haiti, if FIA decided to hold a Formula One race there. The whole world would see how pretty it is – imagine the world exposure! But it’s still a stupid fucking idea.
So listen up, all you dicks in those stupid shorts and socks: Sailing Anarchy likes Bermuda just fine. It’s a pretty island with good sailing conditions (once you get there, at least!) and a great lagoon. But it’s also got a British culinary culture, some of the most over-priced goods anywhere, and is right in Hurricane Alley. And with just 60,000 inhabitants, a Bermuda AC would be a luxurious but very, very quiet affair – perfect for Louis Vuitton to get back on the scene, anyway.
More importantly, if Bermuda is picked as a Cup venue, it will be an outright admission by the folks running the AC of something that we already know, and an indicator of something far worse: Larry Ellison and Russell Coutts’ stated mission before AC34 – transforming the Cup into a worldwide brand with sustainable commercial appeal to a worldwide audience – has failed. Choosing a major US city might mean Coutts is giving it another try, but a Bermuda Cup would mean that they’ve all given up, and that the AC is, indeed, solely for the super rich. And of course, for 60,000 Bermudans. For everyone else, there’s Youtube.
What were we saying about Chicago again?
June 25th, 2014 by admin
San Francisco’s demands to host the 35th America’s Cup proved too much for Russell Coutts, who sent a letter to Mayor Ed Lee this morning.
“”Given the tight timeline and demands from prospective teams to confirm the final venue, it has been necessary to continue reducing the shortlist of candidate cities,” Coutts wrote. “We have therefore taken the difficult decision to no longer consider San Francisco as a possible candidate to host AC35.”
Union wages, NIMBY bitching, and the lack of concessions on fire/police services and pier restoration money don’t work with Coutts’ mission to make the Cup sustainable – a mission that depends on 8-figure venue hosting fees, tax breaks, and long term subsidies from places that see the value in offering them, and we’ve learned that Bermuda is currently throwing the biggest pot of gold at Coutts & Co as of today.
Far be it for us to criticize the business acumen of a guy who just threw spent more money on a per-spectator/per-viewer basis than anyone in the history of sport with almost nothing to show for it, but is an island nation that has lost more than a third of its hotel rooms since 1990 and that, according to most sources, has less than 10,000 beds and 4,000 rooms, a good choice to host what they called a couple of years ago, the ‘third most economically valuable sporting event in the world?’ Remember, this is an island where literally everything needs to be flown in from elsewhere, and it has one of the highest costs of living on Earth.
Maybe Russell is on to something here; after all, the only Bermudian industry bigger than tourism is tax avoidance and international banking; specifically, Bermuda is one of the world’s top tax havens for businesses, and a great place to register your multi-million dollar yacht or plane. Did Coutts finally come to the decision that millions of poor, downtrodden masses will never make the Cup pay? Can the Cup reach commercial nirvana by catering only to the kind of ultra-rich folks who own super yachts and can write off million-dollar trips to schmooze in VIP tents in Bermuda? It worked for Louis Vouitton – well, at least until Coutts’ last big plan chased them out of the game…
June 11th, 2014 by admin
As Russell Coutts continues his efforts to become the Bernie Ecclestone of the America’s Cup, another Bernie learned yesterday that San Francisco is most likely OUT of consideration for AC35. You’d think the new buzzwords of sustainability and commercial viability might argue for Northern California staying part of the AC, but apparently, they’re just too big a pain in the ass for Coutts; in a truly bizarre twist, an island in the middle of the Atlantic is now thought to be at the head of the list, thanks to government subsidies, tax breaks, and time zones, while San Diego and Chicago remain in the hunt, with the SoCal gem a marginal, haven’t-we-been-here-before option, thanks to the kelp, light air, and the fact that the racing will either be so far south offshore that it will be in Mexico or so far west that it might as well be in Hawaii, except it isn’t. It is equally retarded to think that the Midwest option is probably the best possible one, all things considered.
A Bermuda choice would be a major admission that huge crowds aren’t that important to the ‘commercial cup’, nor does any connection to America matter beyond the 25% nationality requirement or the name of the defending team or the competition itself. More irony in an AC35 that’s overflowing with the stuff.
June 10th, 2014 by admin