2020 Fall Update
10 September 2020
A PAUSE FOR SUPERYACHT RACING
Anticipating a robust 2021 circuit with 6 regattas between February and June
As we move into fall, the impact of the global pandemic continues to make this an extraordinarily challenging time for all. And as we make our plans for future superyacht racing, the priority for everyone continues to be the safety and wellbeing of loved ones and associates.
In many regions, the situation is trending positively, providing us with optimism about 2021 and superyacht racing. As you know, the only superyacht regattas in 2020 were the early year Millennium Cup and Superyacht Challenge Antigua. The three spring regattas cancelled. The Candy Store Cup, a summer regatta, is still a possibility later this fall.
The SYRA Executive Committee met to discuss the impact of the global pandemic and the best way forward for the association for the remainder of the year. Given the cancellations and the economic challenges we all face, the decision was made to move the June 2020 membership renewal cycle to January 2021. Going forward all current SYRA members will be on the January renewal cycle.
We are optimistic that a robust superyacht racing circuit will be back in 2021. In fact, there are six regattas scheduled between February and June. There was minimal revenue generated for the SYRA in the first half of 2020 and there will be essentially none for the remaining six months. Regardless, the EXCOM resolved that it is in the best interest of our mutual client, the yacht owner, for the SYRA to remain active as we work through the pandemic’s effects and recovery.
In the coming months, we will endeavor to keep SYRA members apprised of developments with periodic emails and postings here on the association website. Additionally, we will continue our collaboration with the ORC given the importance of fair racing to yacht owners. Just this month ORC accepted an SYRA working party recommendation on ‘Headsails Set Flying’ And we will be working with regatta organizers to help prepare for what we anticipate will be a big comeback year in 2021.
The SYRA’s Annual General Meeting, scheduled for last March in St Barths, was forced to cancel and we prepared a Virtual AGM presentation. It was sent to members and is also posted here: 2020-SYRA-VIRTUAL-AGM.pdf.
We wish everyone good health as the world continues the cautious process of re-opening and we collectively make our way to the ‘new normal’, one that will include providing superyacht owners with the events they so enjoy.
With kind regards,
SuperYacht Racing Association
2020 Annual General Meeting
Important ORCsy Updates for the 2020 Racing Season
Productive AGM and committee meetings for the SYRA
It has been an exciting and eventful few months for superyacht racing with the three largest 2019 regattas now in the books.
The St Barths Bucket enjoyed near ideal conditions that produced six worthy pursuit class winners. The debut of the Bucket Owner/Driver award proved popular and this marked the 3rd consecutive year of Corinthian Spirit Class racing in St Barths.
The 12th Loro Piana Superyacht Regatta featured Performance and Cruising classes with the former having a staggered start format on the first day followed by conventional fleet starts for the remainder of the week. The Superyacht Cup Palma, the longest running superyacht regatta in the Med, produced three worthy class winners just last week.
The SYRA Annual General Meeting (AGM) in St Barths was well attended with members contributing many constructive ideas and feedback on the current challenges to superyacht racing. The minutes, agenda and exhibits are posted on our Member Meetings page. The SYRA also held three productive committee meetings during the Bucket – Fair Racing/Handicapping, Superyacht Racing Rules and Fleet Building.
We value and enjoy interacting with our members on site at the various regattas and hope that you will
take advantage of both planned and informal meetings in the future. A positive outcome of the Fair Racing meeting was the formation of a Working Party to assess the accounting of sails in the ORCsy rating rule and make recommendations to the ORC. There were follow-on meetings during the Loro Piana regatta. Details on this important issue are posted in the Fair Racing section.
I am pleased to share the very good news that Newport’s mid-summer Candy Store Cup is back following a 1-year hiatus. And there will likely to be a superyacht class again at the September Maxi Yacht Rolex Cup at the YCCS.
I look forward to seeing and hearing from members during the remainder of the 2019 superyacht regatta circuit. At any time, if you have questions or feedback, please do reach out: firstname.lastname@example.org.
SYRA Executive Director