€1.8 million of value for skippers of the next VELUX 5 OCEANS to be delivered by VELUX and Clipper Ventures PLC, including a Skipper Prize Money Pot of €500,000
The VELUX Group, title sponsor of The Ultimate Solo Challenge, and Clipper Ventures PLC, the organisers of the original solo ocean race around the world, announce an unprecedented skipper support package for the VELUX 5 OCEANS, committing to jointly deliver over €1.8 million of value for competitors in prize money and key services such as skippers’ accommodation, logistics and communication.
“The race management and VELUX are committed to ensuring that the VELUX 5 OCEANS is an attractive proposition for sponsors, especially during a challenging economic environment. VELUX and Clipper Ventures PLC will therefore make a direct and major investment in the skippers and their teams to assist with budgets and reduce cost burdens. It’s our hope that this investment will encourage some of the most inspirational skippers in the world to participate in the race.” Kent Holm, VELUX Market Communications Manager
VELUX has committed to deliver €1.2 million of value for competitors in prize money and key services to the skippers. The 2010 race will see a €500,000 skipper prize fund – one of the biggest on the Open 60 circuit. The division of the prize money will be decided in 2010 in partnership with Clipper Ventures following consultation with skippers entered in the race.
“We are delighted to make €500,000 available as the Prize Fund for skippers in the VELUX 5 OCEANS 2010-11. This is one of the largest pots of prize money on the Open 60 Circuit and will surely help break down barriers to participate in our race. At the same time the prize money will encourage a healthy and ongoing competition amongst the skippers in the next race”, says Kent Holm
As partners, VELUX and Clipper Ventures are well aware of the costs for skippers and their teams to participate in this classic ocean race. VELUX has therefore committed to invest a further €700,000 across important services such as skippers’ accommodation, logistics and communication. Clipper Ventures has equally committed to match this investment with an additional €600,000 of value in kind in order to assist with budgets and reduce cost burdens.
“Skippers who enter the race will directly benefit from this investment, which will reduce significant cost from their campaign budgets and make the race an attractive prospect for sailors and sponsors alike.” says Kent Holm
“There is no denying that our format is more expensive for competitors and their sponsors than a non-stop race. Our partner VELUX has demonstrated a great commitment to the skippers and Clipper Ventures will support their investment in order that The Ultimate Solo Challenge is a cost-effective platform for skippers and sponsors. We will therefore together return €1.3 million of value to skippers within the most important areas of their campaign budget.” David Adams, Race Director of the VELUX 5 OCEANS, Clipper Ventures PLC
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