UBS match racing cancelled
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.