Through Around Alone 2002/2003
Initial Boat Expenses:
Construction to begin 9/1999, launching 2/2000, first sail 3/2000.Design/engineering fees: |
$70,000 |
Hull/deck materials and labor (hull with keel, rudder, watertight bulkheads, interior, engine and hatches. Basic wiring run through watertight bulkheads. Structural mounting areas built for battery boxes, generator, water maker and cabin area. Hull/deck painted and non-skid. Mounting of deck hardware, winches, hatches, sliding bowsprit included): |
550,000 |
Shipping to Svendsens Boat Works for rigging and assembly: |
10,000 |
Initial yard fees: assembly of hull and keel, custom cradle, bottom paint hull: |
15,000 |
Mast and rigging, installed: |
80,000 |
Winches and deck hardware: |
18,000 |
Autopilots/instruments/radar package: |
24,000 |
Installation of electrical system which includes batteries, generator, water-maker, etc: |
50,000 |
Initial suit of sails (6): |
60,000 |
Installation of navigation/communication/computers: |
40,000 |
Miscellaneous required safety equipment: |
8,000 |
Initial Made in America Total: |
$925,000 |
| Race Operation Expenses: After initial sailing trails, new/backup sails/rigging will be needed for the Single-handed Transatlantic race and qualifying passage. |
|
Second suit/backup sails: |
$60,000 |
Replacement/backup running rigging: |
6,000 |
Other backup hardware: |
5,000 |
Shipping of Wocket to East Coast for qualifying passage and yard fees: |
13,000 |
Team travel, expenses and shipping of equipment to East Coast for prep for qualifying sail: |
10,000 |
Preparation and supplies for qualifying passage: |
10,000 |
Team travel, expenses and shipping of equipment to Europe for Single-handed Transatlantic: |
20,000 |
| After finish of Transatlantic Race, the Wocket will be re-outfitted and sailed (crewed) to France for the Start of Vendee Globe 2000: | |
Prep and supplies, delivery of Wocket to start of Vendee Globe 2000: |
15,000 |
Team travel expenses/shipping to France for prep for Vendee Globe 2000: |
50,000 |
Additional sails/rigging for Vendee Globe 2000: |
60,000 |
Team travel expenses/shipping at finish of Vendee for prep of Wocket. Shipping to San Francisco for promo appearances and races: |
70,000 |
| Total expenses through end of Vendee Globe 2000: | $1,244,000 |
| After Vendee Globe: West Coast/California schedule expenses: Promotional sails will take place in the San Francisco bay area before prepping Wocket for sail down coast for the Transpac 2001 Race. |
|
| Preparation and supplies for Transpac 2001 Race and return to San Francisco: | 40,000 |
| Upgrade of keel, rig and sails may be required based on analysis of performance and current design developments to enhance performance for The Gold Race and the 2002 Around Alone. These adaptations should take place over the fall and winter of 2001. | |
| Refurbishing and upgrades: | 170,000 |
| Shipping of Wocket to East Coast for The Gold Race and yard fees: | 13,000 |
| Team travel expenses and shipping for The Gold Race: | 20,000 |
| Preparation and supplies for The Gold Race: | 25,000 |
| Total expenses through end of The Gold Race: | $1,512,000 |
| After the finish of The Gold Race, the Wocket will be prepped for the Open 60 Pacific Race starting in California. | |
Preparation and supplies for Open 60 Pacific Race: |
25,000 |
Team travel expenses, shipping and yard fees for shipping of Wocket to Charleston for the start of 2002/2003 Around Alone: |
20,000 |
Additional sails/rigging for 2002/2003 Around Alone: |
60,000 |
Prep and supplies/travel expenses at start and each layover (4) of the Around Alone. Start: Leg 2: Leg 3: Leg 4 |
40,000 50,000 50,000 50,000 |
Team travel expenses, etc at finish of Around Alone, preparation of Wocket, shipping to San Francisco: |
20,000 |
| Total program expenses through end of Around Alone: | $1,827,000 |
| *Next | |
Salaries:Salary from start of program 9/1999 to finish 2002/2003 Around Alone, including need PR time after finish of Around Alone approximately 6/2003 at 2.75/yrs. x $150,000/yr: $413,000 Salary for Bruce Schwab includes overseeing of design concept, construction and rigging of Wocket. Mr. Schwab will be available at all reasonable times with the Wocket (in-between races and training/qualifying sails) for the purpose of PR at times deemed appropriate by title sponsor. Mr. Schwab will be available at all layovers and will work full time (allowing for reasonable recovery periods after races) to ensure the quality of preparation and equipment for the purpose of winning these races. Mr. Schwab will utilize to the best of his abilities, all communication systems aboard the yacht to provide the race organizers, the media, and sponsors full updates, video feeds and emails. Every reasonable effort to meet these needs will be made. The understanding will be however, the priority of the program is the best possible finishing result in the races, certain weather conditions may delay or interrupt transmissions. A performance incentive is asked for Mr. Schwab, in the case of a first place finish in either the Vendee Globe 2000 or the 2002/2003 Around Alone. In this case, Mr. Schwab would be granted ownership (estimated resale value $400,000) of the "Wylie Wocket" at the conclusion of the 2002/2003 Around Alone. Other Expenses: |
|
Project Manager: Individual to be named by Bruce Schwab to provide overall assistance and coordination of program at 2.75/yrs x $70,000/yr: |
$193,000 |
Public Relations Coordinator: Contact point person for press, web site maintenance, assistant to Project manager at 2.75/yrs. x $50,000/yr. |
138,000 |
Center for Operations/Storage Office: Office location for PR contact, sail and gear storage, and staging area for shipping equipment at 2.75/yrs. x $20,000/yr: |
55,000 |
Total program expenses including salaries: |
$3,126,000 |
Supportive Advertising: |
|
Pre-event: Advertising in U.S. and international yacht and sport publications in both the Western Hemisphere and Europe beginning in the fall of 1999 to foster awareness and build anticipation: |
$100,000 |
9/2000 - 5/2003: Regular updates providing a continuity of coverage focused on building and maintaining attention to the Vendee Globe 2000 and other races internet "Live Update" sites. Also focused on increasing the awareness of Race Coverage on TV: |
250,000 |
6/2003 - 10/2003: Follow-up updates thanking sponsors, etc: |
150,000 |
Total program expenses including supportive advertising: |
$3,126,000 |
Major television advertising not included in these estimates: |
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