Event will not participate without compensation for commercial rights
Amsterdam 8th November 2011 – The Delta Lloyd Regatta will no longer be part of the 2013 ISAF Sailing World Cup. The decision not to sign-up to the ISAF Sailing World Cup has been taken after careful consultation with the Royal Netherlands Yachting Union and the title sponsor, Delta Lloyd.
As one of the most innovative and attractive World Cup events, the Delta Lloyd Regatta was part of the ISAF Sailing World Cup for Olympic classes since the introduction of the international circuit in 2008. From 2013 ISAF has decided to take a different approach which will result in all the rights of a World Cup event being transferred to ownership of ISAF. In the proposed contract the organizing committee is obliged to release almost all commercial rights (including title sponsor rights) without any financial compensation.
The organizing committee of the Delta Lloyd Regatta has informed the ISAF they are willing to support a uniform World Cup format but are not able to simply transfer 27 years of history and value to a third party in one transaction.
The Chairman of the organizing committee, Arjen Rahusen commented: “As an organisation we have tried everything to conform to the wishes and obligations of the ISAF. We strongly believe in a uniform World Cup sailing format to propel international sailing to a higher level. We are also of the opinion that this is a process which takes several years. When an event has to transfer almost all rights in one transaction without any room for negotiation, you reach a point where it does not make sense to proceed and it would be financially irresponsible to do so. We also believe that outside the ISAF Sailing World Cup we will be able to deliver an perhaps even better and more innovative event. We will have more freedom specifically in areas that will allow us to be more innovative. The ability to offer prize money in the future should also guarantee a strong field of participants. In addition, a new strong European sailing circuit with Kiel, Weymouth, Barcelona and Aahrus is a serious consideration.”