Comments on: BTA Becomes Official Partner Of America’s Cup

By: Zevon

Zevon — Fri, 07 Aug 2015 16:32:33 +0000

Nobody paid $52m “for the right to host the event”. That’s just total rubbish.
You’re not earning your $5 per comment, writing drivel like this.

By: Zevon

Zevon — Fri, 07 Aug 2015 06:46:01 +0000

You and Richard need to work out what your story is. You’re being paid good money to write this stuff.

By: Onion Juice

Onion Juice — Fri, 07 Aug 2015 01:08:29 +0000

And they still wanted them to take a Furlough.

By: Onion Juice

Onion Juice — Fri, 07 Aug 2015 01:05:18 +0000

And don’t forget Hanbury’s $100,000 bonus for jumping off a cliff.

By: Onion Juice

Onion Juice — Fri, 07 Aug 2015 01:02:55 +0000

HEY, save that S!@# for Oprah.

By: Onion Juice

Onion Juice — Fri, 07 Aug 2015 01:01:17 +0000

So who did you expect, Scientist.
Thanks to the Bermuda taxpayers who forked out $77 Million for the sailboat race and $23 Million to B.T.A. friends and family gift club.

By: Bill

Bill — Fri, 07 Aug 2015 00:44:30 +0000

You are all getting away from the real facts.

The America’s Cup final is won by the first to win 7 races.

2 races a day…….you do the math.

It could very well, and probably will be finished in 3-4 days.

Then back to normal!

By: Coffee

Coffee — Fri, 07 Aug 2015 00:34:00 +0000

That guy that’s making nearly half a million actually works no harder or achieves no more than the average guy who works for Works And Engineering .

By: Exqlg

Exqlg — Thu, 06 Aug 2015 23:24:59 +0000

You guys.. keep your head in the sand…
Trolls all…
Let’s get cracking Bermuda! !!

By: Richard

Richard — Thu, 06 Aug 2015 20:55:41 +0000

I stand corrected. Apparently it is actually $52,000,000.00

I repeat–until we see real heads in beds with real revenue generation , this is merely spin.

By: Raymond Ray

Raymond Ray — Thu, 06 Aug 2015 19:29:07 +0000

Thanks for clarifying that for them who are lead by the nose. It’s a crying shame that no-matter how much it’s shown to them they tend to believe untruths…Sad yes but true

By: Don Burgess

Don Burgess — Thu, 06 Aug 2015 18:55:08 +0000

It’s actually $52 million with an additional $25 million if official sponsorship figures don’t reach that total.

The ACEA have already signed TV deals with NBC in the US, Canal+ in France, BT Sport in the UK, China Central Television, Sport TV in Portugal.

In addition Louis Vuitton has signed on as title sponsor again. In San Francisco that sponsorship was originally $10 million, but asked for a $3 million refund because only three teams took part (they were entitled to $1 million off for each team less than six that took part). If the terms are the same, that’s a big chunk of that $25 million.

Bremont has already signed off as an official Timing partner, which should also be big money. Bermudian companies like Gosling’s, Hamilton Princess have also signed sponsorship deals.

BMW is also onboard. The BMW logo will be visible on turning marks on the race course, on the boat, the wingsail, and the team gear of Oracle Team USA, as well as on the stern plate of competitor yachts.

There are probably others that I am unaware of, or more to sign on, but it’s mostly likely that Bermuda does not have to worry about paying into that $25 million sponsorship guarantee.

By: just the beginning.

just the beginning. — Thu, 06 Aug 2015 18:49:26 +0000

You are absolutely right we didn’t pay 75 million. . We paid 77 million. …

By: Build a Better Bermuda

Build a Better Bermuda — Thu, 06 Aug 2015 18:27:56 +0000

An opposition myth that is repeated time and again in an attempt to make it true, but ignoring the truth of it. First, we did not pay $75m to host the AC, that is the expected cost for us to host it, and to date only $11m-$15m has been allocated out so far. That money will not be going to the event only, as that budgetary figure includes the cost of infrastructure upgrading, which the creation of land, the redevelopment of the dockyard buildings… It will also include marketing and hosting the event, but when you look at what is being spent where, the vast majority of what is being budgeted for is going back into Bermuda and Bermudian companies where possible, which means that at least around a good 3/4′s of that will be inward investment. Additionally, it is not expected that all of that $75m is going to be sourced from Government coffers, as they will be sourcing sponsorship revenues as well. So at this time, nobody has paid out $75m for the America’s Cup, and repeating it over and over again will not magically make it true.

By: Rhonda

Rhonda — Thu, 06 Aug 2015 18:27:37 +0000

translation…the public purse will be footing even more of the liabilities, just under a different ledger…….

By: Build a Better Bermuda

Build a Better Bermuda — Thu, 06 Aug 2015 18:09:58 +0000

How are they spending like drunken sailors, unlike the BDOT model, they are given an annual budget and have to work with it, if they are able to find ways to raise even use, then they will have more money to use, but they cannot go back to the government for more money. When it was the BDOT, if they overspent, they just went to the government coffers for more, this is not the case with a privatized authority.

By: Terry

Terry — Thu, 06 Aug 2015 18:04:36 +0000

Regardless of the comments above from Raymond et al.

Bermuda gets plenty of word of mouth and news/tourist stuff out there.

It’s too damn expensive to come here.

Why the hell you think cruisers fill them ships or drive to Disney for $50.

It’s over folks.

By: Open mind and commonsense

Open mind and commonsense — Thu, 06 Aug 2015 17:57:10 +0000

One guys salary is nearly half million… The other biggas have a healthy paycheck… The little soldiers have a competitive salary…. And “less than 25%” is spent in salaries… Lmao…plus 75M, on “winning” the event…how much (no) money do these people have access to???

By: Zevon

Zevon — Thu, 06 Aug 2015 17:46:55 +0000

Er, no. We’re paying no more money to anyone. Re-read the article.

By: Zevon

Zevon — Thu, 06 Aug 2015 17:46:09 +0000

Bermuda did not pay $75m to host the event. That’s a PLP myth. Saying it again and again won’t make it true.

By: Raymond Ray

Raymond Ray — Thu, 06 Aug 2015 17:42:05 +0000

More like, “how can we lose.” “Additional partnership benefits for marketing Bermuda will be realised on the AC35 website, app and on social media. B.T.A. has plans to work with other ACEA brand partners to leverage exposure and increase demand.”
Mr Hanbury said: “The previous America’s Cup was broadcast to over 200 territories worldwide and we are already seeing better distribution this time around. We are pleased to have secured significant exposure for Bermuda on the international broadcasts for every event in 2015, 2016 and 2017 for the ‘Race to Bermuda’”.
“We are also pursuing new opportunities over the next two years with other ACEA partners, to increase exposure and leverage our investment for Bermuda We execute in lockstep because we know by working together we can maximize the benefits for all.”

By: Richard

Richard — Thu, 06 Aug 2015 17:33:33 +0000

The jury is still out on this. What we do know however is (1) Bermuda paid $75,000,000.00 for the right to host the event (2) And since the BTA’s inception, our tourism arrivals have not improved.
Until we see a significant bounce from their efforts, let’s just say that they are the masters of spin!

By: What went wrong

What went wrong — Thu, 06 Aug 2015 16:53:12 +0000

So we are paying MORE money the Billionaires for what exactly?

Seems like the BTA are trying to give the Ewart Brown years a run for their money. Spending like drunken sailors.

How was this not part of the original agreement?

By: Raymond Ray

Raymond Ray — Thu, 06 Aug 2015 16:41:51 +0000

What’s that ole sayin’ “It’s not always who you know, but more-so who knows you that can lead to success.”
Thanks to the Bermuda Tourism Authority [B.T.A.] which has become an Official Partner of the 35th America’s Cup,

By: Terry

Terry — Thu, 06 Aug 2015 16:38:28 +0000

Next up………

Cup Gate.