Menu
Allianz and Afloat - Supporting Irish Boating

Ireland's sailing, boating & maritime magazine

Breaking Down Likely Costs of Mixed Keelboat Campaign for Paris 2024

11th December 2020
A mixed offshore pair sailing a Sunfast 3300 A mixed offshore pair sailing a Sunfast 3300 Credit: Jean-Marie Liot/World Sailing

The much-publicised Mixed Two-Person Offshore Keelboat Event for Paris 2024 did not get the green light from the IOC this week and remains under review.

It’s understood that one of the key factors under consideration is cost, both of staging the event and of the figures involved in mounting a successful campaign for a coveted Olympic spot.

Estimates gathered by Afloat.ie show that the latter will not be cheap — with even the most tightly budgeted duo looking at more than €125,000 to have a shot at the 2024 Games.

But it’s looking more than likely that costs will be upwards of €200,000 for any serious mixed keelboat contenders.

In the absence of full details of the proposed Olympic mixed keelboat programme, Afloat.ie has based these estimates on the cost of running a Sunfast 3300 in a season of six to seven races around Europe and training in between, with a wage of €24,000 for both skippers.

A source close to Afloat.ie says savings of some €30,000 in vessel rental coats could be made by finding an owner willing to lend their boat — something that happens on a regular basis in offshore sailing.

“In return, I would let the owner keep the sails, the polars and Sailect files that we would make and they would get the boat back absolutely top spec, with the hull faired and new antifouling, and I would offer some coaching afterwards — so the budget could even be as low as €100,000,” our source added.

Another option for those with the available capital, or an investor willing to take a chance on Olympic success, is to buy a boat outright and sell it on after the competition — something else that’s regularly done in offshore racing circles.

Our source highlights that insurance for a two-handed keelboat is one area where things might work out cheaper than alternatives, as double-handed boats qualify as crewed — whereas single-handed insurance on a Figaro can be as much as €8,000 per annum.

See below for our full estimated breakdown of costs associated with a proposed mixed offshore keelboat Olympic campaign:

BoatHigh (€)Low (€)
Rental LOA 30,000 30,000
Insurance 8,000 2,000
Sails 40,000 20,000
Maintenance/Optimisation 12,000 8,000
Branding 5,000 0
SkipperHigh (€)Low (€)
Gross Salary 24,000 24,000
Shore Crew 14,000 N/A
Training & Weather 8,000 2,000
Co-Skipper 24,000 24,000
LogisticsHigh (€)Low (€)
Logistics 10,000 4,000
Vehicle LOA 4,000 N/A
Race Fees 6,000 6,000
OthersHigh (€)Low (€)
Communication 30,000 5,500
Accountancy 3,000 3,000
Total 218,000 128,500
Afloat.ie Team

About The Author

Afloat.ie Team

Email The Author

Afloat.ie is Ireland's dedicated marine journalism team.

Have you got a story for our reporters? Email us here.

We've got a favour to ask

More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven’t put up a paywall because we want to keep our marine journalism open.

Afloat.ie is Ireland's only full–time marine journalism team and it takes time, money and hard work to produce our content.

So you can see why we need to ask for your help.

If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.

Direct Donation to Afloat button

Mixed Two Person Offshore Keelboat

For the first time in sailing's Olympic history, a Mixed Two Person Offshore Keelboat event will be on the slate at the Paris 2024 Olympic Sailing Competition.

The Mixed Two Person Offshore Keelboat will join kiteboarding, windsurfing, multihulls, singlehanded and doublehanded dinghies and skiffs, promoting the diversity of the sport. This, in turn, will support World Sailing's desire to promote and grow universality in all disciplines and increase female participation with gender-equal medals and athletes.

Offshore sailing is the ultimate test of endurance, skill, discipline, navigation and critical decision making.

Embracing a major part of sailing in the Paris 2024 Olympic Games will enable new stars of the sport to come to the forefront.

Qualification

Offshore sailing is a universal discipline that every World Sailing Member National Authority (MNA) can participate in.

Up to 20 nations will be on the start line at Paris 2024 and sailors from every continent will be represented. To qualify for the Olympic Games, continental qualification events will be held and competition for a spot will be hotly contested.

Equipment

For qualification events, World Sailing will approve a list of one-design boats that are already regionally available and can be accessed as a charter boat. Boats will be equalised to ensure fair competition.

For Paris 2024, World Sailing's Council will select a list of different Equipment it considers to meet the key criteria by 31 December 2020 and then make a decision on the Equipment, selecting from the list, no later than 31 December 2023.

MNAs, Class Associations and Manufacturers have all been invited to propose Equipment for the list and a World Sailing Working Party will evaluate each proposal. A recommended list will be presented to Council for approval in November 2020.

This recommended Equipment list will ensure that event organisers, MNAs and the sailors have opportunities to train and compete in Equipment that is readily available and affordable within their continent and country. It will also ensure each MNA has a fair opportunity to prepare for qualification events and eventually, Paris 2024.

Format

Starting and finishing in Marseille, the Mixed Offshore event is expected to last for either three days and two nights or four days and three nights off the French coastline and whoever crosses the finish line first will be declared Olympic champion.

The race course and length will be announced in the lead up to the start so the competition can take advantage of the latest weather forecast. Current options proposed include long and short courses heading towards the West and East of France.

Safety and Security

The French Navy and Mediterranean forces have extensive experience of supporting major oceanic sailing races. They will provide safety and security at Paris 2024.

Featured Sailing School

INSS sidebutton

Featured Clubs

dbsc mainbutton
Howth Yacht Club
Kinsale Yacht Club
National Yacht Club
Royal Cork Yacht Club
Royal Irish Yacht club
Royal Saint George Yacht Club

Featured Brokers

leinster sidebutton

Featured Associations

ICRA
isora sidebutton

Featured Webcams

Featured Events 2021

vdlr21 sidebutton

Featured Sailmakers

northsails sidebutton
uksails sidebutton
quantum sidebutton
watson sidebutton

Featured Chandleries

CHMarine Afloat logo
osm sidebutton
https://afloat.ie/resources/marine-industry-news/viking-marine

Featured Marinas

dlmarina sidebutton

Featured Blogs

W M Nixon - Sailing on Saturday
podcast sidebutton
mansfield sidebutton
BSB sidebutton
wavelengths sidebutton
 

Please show your support for Afloat by donating