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Cowes Regatta Gains Three-Year Panerai Sponsorship

by Jason Gorringe, Tax-News.com, London

07 December 2009


The ninth British Classic Yacht Club (BCYC) Cowes Regatta will join the prestigious Panerai Classic Yachts Challenge Circuit (PCYC) from 2010 as part of a three-year sponsorship deal.

The BCYC Cowes Regatta, which will take place off the Isle of Wight July 18-24, 2010, will be the first UK event to join the Panerai Circuit. In 2009, the circuit included eight of the world's leading Classic Yacht Regattas, among them the Antigua Classic Yacht Regatta and Régates Royales in Cannes.

2010 will be the sixth edition of the PCYC, taking place from April to September. Since its inception in 2005, the circuit has been increasingly successful, demonstrated by the growing list of competitors. Each year the Challenge draws yachting enthusiasts from around the globe. In 2009, over 350 yachts and 1,500 crews competed overall in the Circuit.

CEO of Officine Panerai, Angelo Bonati, commented: “We are delighted to align Panerai with the British Classic Yacht Club’s Cowes Regatta. The reputation, professionalism and camaraderie demonstrated by the BCYC, not to mention Cowes Regatta’s position as the key classic yacht event in the UK yachting calendar, makes them an ideal partner for Panerai.”

BCYC Commodore David Murrin added: “The British Classic Yacht Club are delighted to become associated with Officine Panerai as principal sponsor of our Cowes Regatta. Panerai are an ideal partner for us because of our shared values. Panerai have shown over a number of years a commitment to supporting premier classic regattas around the world, and we are proud that the British Classic Yacht Club Cowes Regatta is to be numbered among the most prestigious.”

The BCYC Panerai Cowes Regatta is held in the tidal waters of the Solent, a stretch of sea separating the Isle of Wight from the mainland of England. The highlight of the week’s racing is the Classic Round the Island Race, starting on the Royal Yacht Squadron line before racing the 60-mile course either east or west around the Isle of Wight.

The 2010 Round the Island race will be held on July 20. The BCYC and Officine Panerai envisage that the 2010 event will be the largest Classic Yacht Regatta in the UK since the Americas Cup Jubilee Regatta in 2001, and are predicting that over 65 yachts will compete.


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