You've been clear in stating that cost savings is a primary goal; how have costs been reduced and how much of a cost savings might teams realistically see?
There are opportunities for teams to save. There's a realization for teams to work together. If they chose to do so, there's a potential for big savings. If competitors want to spend huge amounts of money, they can. If they want huge numbers of designers and researchers and an expensive staff for three years, they're going to spend a lot of money. Hopefully what we've achieved is a more sensible approach. There are limitations on development that will reduce budgets.
At the end of day, the Cup is looking for more competitive teams. I stress more competitive, as opposed to just more. Look back at where we were. The last Louis Vuitton Cup was a disaster. Had the Kiwis won the Cup 9 to 1, it would've been a disaster, too. Luckily, the competition turned around and it's been hailed as the best Cup. But it was within one race of being a lopsided competition. Clearly people enjoyed the strong competition at the end. What we need is lots of strong teams to ensure all races are good races.