Crucial Stage for Volvo Ocean Race Sponsorship Talks

18th March 2011

Negotiations to land €11 million in sponsorship for the finals of the Volvo Ocean Race in Galway next summer are at a 'delicate stage', the Galway City Tribune reports.

Six teams have so far been confirmed for the world's biggest sailing event, and Irish organisers are in talks with a number of potential overseas sponsors.

“We are at a delicate stage in negotiations in relation to a number of issues and plans are on track for a much bigger event this time around,” said John Killeen of Let’s Do It Global, which had Chinese sponsorship for its 2009 entry in the race.

The Volvo Ocean Race is set to attract more than half a million visitors, with close to 50,000 corporate guests, and is expected to bring in €80 million for the local ecomony in Galway.

The Galway City Tribune has more on the story HERE.

http://www.galwaynews.ie/18362-volvo-race-funding-talks-%E2%80%98delicate%E2%80%99-stage

Negotiations to land €11 million in sponsorship for the finals of the Volvo Ocean Race in Galway next summer are at a 'delicate stage', the Galway City Tribune reports.

Six teams have so far been confirmed for the world's biggest sailing event, and Irish organisers are in talks with a number of potential overseas sponsors.

“We are at a delicate stage in negotiations in relation to a number of issues and plans are on track for a much bigger event this time around,” said John Killeen of Let’s Do It Global, a team that in its previous incarnation had Chinese sponsorship for its 2009 entry in the race.

The Volvo Ocean Race is set to attract more than half a million visitors, with close to 50,000 corporate guests, and is expected to bring in €80 million for the local ecomony in Galway.

The Galway City Tribune has more on the story HERE.

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MacDara Conroy

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MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

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