50,000 Euros prize money up for grabs in Venice

Prize money for the City of Venice Trophy kicking off the America's Cup World Series first weekend

Tuesday May 1st 2012, Author: Jane Eagleson, Location: Italy

AC World Series crews have the opportunity to compete for €50,000 in prize money in the City of Venice Trophy over 12-13 May. The invitational regatta, organised and announced today by the yacht club Venice Compagnia della Vela, marks the opening of a nine-day America’s Cup World Series regatta in the historic Italian city.

With €50,000 at stake, the City of Venice Trophy becomes an important prologue to the AC World Series championship. The new, two-day event consists of five, 30-minute fleet races, to be sailed on a course just outside Lido Island.

But the highlight will be Sunday’s long fleet race, which starts outside Lido Island and finishes just off St. Marks Square. The first team to finish at St Marks Square will receive the City of Venice Trophy presented by Arzanà Navi as well as a cash prize of €30,000. The remaining €20,000 in prize money is distributed to the top three crews from the five 30-minute fleet races.

The results of City of Venice Trophy will not count towards the overall AC World Series rankings, but the generous prize money is sure to stoke competitive fires among the teams.

“This is a great opportunity for us to get in some meaningful racing against the other teams,” said Luna Rossa Challenge skipper Max Sirena. “We were always planning on sailing as early as possible in Venice, and now the City of Venice Trophy represents a great opportunity to participate in an additional very exciting and spectacular race."

"The debut of the AC45s racing in Venice will certainly be very interesting,” said Mayor Giorgio Orsoni. “To have the teams competing for a trophy that bears the name of the city adds prestige to an already important event. Special thanks for this must go to Arzanà Navi, which has chosen to support us.

“This two-day regatta, with the grand finale a unique point to point race from Lido to St. Marks Square, is a first step towards seeing Compagnia della Vela as a host for high level sailing. This is a beautiful way to begin this nine day event, which we hope will be memorable, both for Venetians and for those who want to discover a new face of Venice – one linked to its traditions and the sea, but also to technology and a lesser known part of the city, the Arsenale, where the catamarans berth after racing for the City of Venice Trophy.”

The weekend of May 12-13 also marks the opening of the public event village for the full nine-day festival, highlighted by the championship races of the America’s Cup World Series Venice.

Championship Racing in the AC World Series Venice runs from May 17-20 and here, every race matters. Venice is the penultimate event in the 2011-12 World Series and James Spithill’s ORACLE Racing crew holds the overall lead by just one point over Dean Barker’s Emirates Team New Zealand.

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