illbruck officially withdraw
Michael Illbruck's challenge was set to be the first-ever German participation in the 151-year old America's Cup history. The illbruck Challenge and the Challenging yacht club of Duesseldorf Yacht Club notified the Challenger of Record Committee and Defender Royal New Zealand Yacht Squadron today.
Despite intensive efforts to find a corporate sponsor, a commercial partner 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. "While it's disappointing that we can not keep the team together for the next America's Cup, we hope to find a long-term solution to challenge again some time in the future".
Fortunately the Volvo Ocean Race campaign is run by a different company and Michael Illbruck has confirmed that the withdrawal from the America's Cup will have no effect on his team's round the world race programme.