The first deadline for syndicates wishing to challenge the Royal New Zealand Yacht Squadron for the America's Cup expires on 1st March 2001.
To be a challenger a yacht club has to send a bank draft or letter of credit to the New Zealanders for US$150k along with a certain number of other administrative details. This money is non-returnable should the challenge not materialise later on.
Latest amongst those to lodge a formal challenge is the Royal Ocean Racing Club (RORC), on behalf of Peter Harrison's GBR Challenge.
So far eight challenges have been received by the Royal New Zealand Yacht Squadron - they are from The New York Yacht Club, on behalf of Team Dennis Conner, Dusseldorf Yacht Club, on behalf of the Illbruck Challenge, Yacht Club Punta Ala, on behalf of the Prada Challenge, UNCL, on behalf of the French Defi, Royal Ocean Racing Club, on behalf of GBR Challenge and the Societe Nautique de Geneve, on behalf of the Swiss Challenge. A second Italian challenge and OneWorld have also challenged and been accepted, more details of these last two syndicates' yacht clubs are still to come.