35th America's Cup, Sir Ben Ainslie secures funding for British challenge

From the following article on the uk telegraph:

http://www.telegraph.co.uk/sport/othersports/sailing/10820934/Sir-Ben-Ainslie-prepares-to-unveil-Americas-Cup-team.html

While potential America’s Cup challengers wait for details of the 35th America’s Cup to be announced, Sir Ben Ainslie has secured the private seed funding for a British campaign, to be unveiled next month.

It will be difficult for him to go ahead with the next phase of the Ben Ainslie Racing (BAR) campaign - raising the £100m commercial sponsorship - until he has seen the protocol governing the Cup, which is currently being agreed by Cup holders Oracle Team USA and official challengers Team Australia.

The protocol, which was due to be announced in March but has been promised for disclosure next week, will contain the rules for the next event, including plans for a 62-foot foiling wing-sailed catamaran, a similar but smaller version of the high speed AC72 used so dramatically in San Francisco last year.

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