Mark, just in case you didn't know already, Bob Oatley is not short of a dollar.If you cant afford to mount a challenge you cant afford it.
Not many sports at that level expect competing teams to go broke.
"As our AC editor Richard Gladwell writes today, it was a delicate piece of timing and more is to come. It could be that HIYC might rejoin the fray if the building pressure on the defender delivers a seismic shift.
If matters play out as expected then the Italian Challenger Luna Rossa is expected to be installed as the new Challenger of Record in early August.
Under the Protocol, Hamilton Island Yacht Club was required to confirm that they would be an Entry in the 35th America's Cup, even though they had already made their Challenge in September 2013. Their decision announced in the weekend was that they would not be making that Confirmation.
Hamilton Island is also required to give 90 days notice of its intention to withdraw as Challenger of Record, and presumably that has also been done. The Protocol also provides for the outgoing Challenger of Record to stay in place as CoR, for the duration of that 90 day notice period.
So there is some order in the transition process, and the Protocol that has been negotiated stays in place for the time being at least. The fun and games are expected to start after entries close on August 8. "
No idea.. I guess it depends on what friends you have.If you are a billionaire but something costs a zillion you can't afford it. Right?