Stephen John Barclay

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Stephen John Barclay is a New Zealander who has worked in the real estate business as well as the government sector, and who was the CEO of the America's Cup Event Authority for the 34th America's Cup in 2013 during the inauguration of the AC72 wing-sail catamarans. Barclay was a member of the 2010 America's Cup winners, BMW Oracle Racing. [1] Barclay is a former Oracle Team USA chief operating officer and was also a director of Core Builders Composites a 100 per cent-owned subsidiary of Oracle in Warkworth, New Zealand. Core Builders produced the 40m-high wingsails for the AC72 and AC45 boats. [2] [3] Barclay stressed in an op-ed the nature of the event: [4]

The Cup is a medium-size business, employing over 100 people, with tens of millions of dollars a year in revenues and expenses.

Barclay's event was marred by the death of Andrew (Bart) Simpson in a capsize. Subsequent investigations prompted the US Coast Guard to permit the event only if the competitors were bound by the 37 recommendations of the investigations committee, because they would be part of the permit. [5]

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References

  1. ↑ "Stephen Barclay". Linked In.
  2. ↑ "America's Cup: Kiwi to play key role in deciding Oracle's fate". NZ Herald.
  3. ↑ "As racing nears end, America's Cup CEO settles scores with event's critics". San Francisco Business Times. 17 September 2013.
  4. ↑ "America's Cup CEO Stephen Barclay on the Race's Competition and Tragedy". Bloomberg. 16 May 2013. The Cup is a medium-size business, employing over 100 people, with tens of millions of dollars a year in revenues and expenses. It's a bit of a handful to manage. In recent years, we've wanted to put the Cup on a sounder financial footing and make it accessible to people other than the very, very wealthy. To do that, we needed to bring the race in from 10 miles offshore to where people can see it. For the sake of television, the races had to start on time. You can't have this huge buildup to a race and then have the television saying, "delayed due to lack of wind," which is a huge problem in sailing.
  5. ↑ "America's Cup CEO Stephen Barclay Lays Down The Law". MojoSail. 19 June 2013. Here's Barclay's bottom line: The 37 recs are part of the application made to the Coast Guard for the event permit. In order for the Coast Guard to sign off on the event permit for the Louis Vuitton and America's Cup, all the teams are going to have to agree to the 37 safety recommendations.
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