A December 12 Entry Memorandum from the RNZYS lays out the regatta’s specifics to prospective competitors, and while it’s early days yet, there’s plenty to glean from both the Notice of Race and the Memorandum. First, in line with the America’s Cup Deed of Gift, teams must challenge through accepted yacht clubs. The narrow window to challenge is between December 2019 and February 28, 2020. Once accepted, $75,000 in staggered entry fees and a $16,000 damage deposit must be advanced to the RNZYS. The entry fee includes charter/use of an AC9F for official races and only 10 hours of training time on the boat. Teams are on the hook for their own insurance, one branded jib, and a litany of costs, from coaches, training and travel. The cost to play is not insignificant.