UBS match racing cancelled

New event on the Swedish Match Tour gets the can

Monday March 10th 2003, Author: Shawn McBride, Location: United States
Octagon, event organiser for the UBS Challenge, today announced that operations for the 2003 edition of the regatta have been suspended.

UBS’ discontinuation of their support of the event relates to a UBS Corporate decision and in no way reflects on the performance of the event, Octagon or any of the event partners.

"Obviously, we are very disappointed," said Scott MacLeod, senior vice president of Octagon. "The inaugural UBS Challenge was a huge breakthrough in sailing in the United States and a great platform for match racing and the competitors."

Over the past several months, the event has been awarded the President’s Award from U.S. Sailing, and recognised in several other awards programs.

Given the success of the event, Octagon will continue to pursue new sponsorship opportunities on its behalf, with the goal of resurrecting the event in the future.

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