Allianz and Afloat - Supporting Irish Boating

Ireland's sailing, boating & maritime magazine

Dragon for sale - Green Dragon

22nd April 2009

Ireland's entry to the Volvo Ocean Race is already for sale, in anticipation of the end of the race. The Green Dragon Racing Team is looking for bids in the region of €2.5million for a fully-equipped Volvo 70 via a US-based brokerage.

Thoroughbred Yacht Sales, based in Annapolis, Maryland, have the Green Dragon advertised on their website, alongside a host of other high-performance racers.

The price tag, at €2.5 million, is more than twice what Ger O'Rourke paid for his boat, a first-generation Volvo 70, which had won the previous edition of the race. The Green Dragon, meanwhile, is currently in fifth overall, and last in the current leg, some distance behind the second-hand boat, renamed Delta Lloyd.

The Green Dragon was designed by Reichel Pugh in California and was built by McConaghy boats' Chinese yard, with final assembly and finishing in Gosport, UK.

The upcoming Boston stopover will provide a perfect opportunity for potential owners in the US to check out what's on offer, and see how it has stood up to nearly 25,000 miles of hard racing.

'Everything in life is for sale,' said team principal Jamie Boag when we contacted him about the sail. Boag said it was unfair to compare the sale of the Green Dragon with what Ger O'Rourke obtained when he purchased the former ABN Amro, as the kit bundled in with the Green Dragon amounts to the bones of a campaign.

'The asking price is not just for the boat but for the entire package, including spare rig (500k), spare boom, two spare daggerboards, two spare rudders, spare rams, six containers, four of which are fully equipped workshop containers, two sail loft structures, two 8.5m ribs with 2x200yamaha engines that have hardly been used, plus all spares tools, rigging etc."

'To compare it to the deal that Ger did on ABN is not comparing apple with apples,' he said. Team

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