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Big bucks

Posted 7 months, 6 days ago

Big bucks
BMW Oracle Racing announced today that the brand new Reichel/Pugh TP 52 that they just constructed, just launched, and are racing this week for the first time at the Marseille, France stop of this year’s MedCup Circuit will be the only time that they currently plan to sail the boat. Team skipper Russell Coutts said that “we have decided to now put our focus very firmly on getting ready for the America’s Cup.” The team will be stepping up its multihull training, including more time on its two X-40 catamarans and with the 60-foot trimaran Groupama 2 in Lorient.The reasoning does make sense, though it is easy to get lost in the extravagance of building the boat in the first place. With an approximate cost of up to $2 million before even swinging the champagne bottle to the bow, the desire to calc the cost of each race at the City of Marseille Trophy regatta comes to mind. Of course this all pales in comparison to the money spent in pro sports, like when the New York Yankees signed Roger Clemons last year, which amounted to $18.7 million or about $1 million per game started. But then again, there is a revenue stream there to balance out the costs. Pulling this down to the ‘butthead level, what was your most extravagant purchase that was under-utilized? Best answer gets Scuttlebutt schwag. Post your reply in the comments section. Full Story »

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