illbruck out of Cup
Wednesday March 13th 2002, Author: Jane Eagleson, Location: none selectedillbruck Challenge, Germany's professional sailing team and current leader of the Volvo Ocean Race, is discontinuing all its preparations for the America's Cup effective immediately.
It would have been the first-ever German participation in the 151-year old America's Cup, the oldest trophy in sport and also one of the most prestigious sailing races in the world. But despite intense efforts to find a corporate sponsor, one has not been found to finance the campaign, Michael Illbruck, 42, CEO of the international company illbruck GmbH and Chairman of the illbruck Challenge, announced today.
This decision to discontinue plans for the America's Cup, which starts October 1 in Auckland, New Zealand with the Louis Vuitton Challenger Selection Series, in no way impacts the team's current successful participation in the Volvo Ocean Race, Illbruck said.
The illbruck Challenge is a professional international sailing team and an extension of the illbruck-supported PINTA racing teams that over the past 30 years have earned success at many of the world’s top regattas. The illbruck Challenge was representing the Duesseldorf Yacht Club in Germany’ s first-ever Challenge for the America's Cup, the competition for the oldest international trophy in sport.