There was a statement issued on 30th October that the Groupama team would be exiting the America’s Cup event as the French insurance group confirmed that they are ending their sponsorship. They had been behind sponsorship of the French team which was being skippered by Franck Cammas, an acclaimed yachtsman. However the group will not withdraw their support that they had provided the sailor and his team since 1997. The statement that was issued stated that the framework of the upcoming Cup event would be too far from the French and European bases and hence, they would not be supporting the same though they would continue to sponsor similar events in different geographical territories.
In another event linked to the America’s Cup, Jimmy Spithill who lost the skipper position in the Oracle US team, states that the team will be looking to challenge New Zealand in the upcoming edition after they lost out to Oracle Team US. Spithill states that the USA team would be looking at ways to get back their superior position. They would want to work on their strategies and develop the same after the new protocols are released.