Shipping News
ROUND UP R
Update Cowes Week Sponsorship
epetitive strain injury lies in wait for the hapless yachting journalist as he prepares endlessly to type the new formula for the world’s longest
running regatta, now Aberdeen Asset Management Cowes Week, Although not quite as long as ‘JP Morgan Asset Management Round the Island Race’, ‘Aberdeen Asset Management Cowes Week’ will need to be repeated much more often. Nobody seemed to care about the hapless
however, as the great and the good assembled at the Knightsbridge clubhouse of the Royal Thames Yacht Club to raise their Champagne glasses with Cowes Week Ltd Chairman John Grandy and CEO Stuart Quarrie to welcome the arrival of Aberdeen’s founder and Chief Executive, Martin Gilbert and his timely intervention on behalf of the venerable regatta. Commenting on the announcement, John Grandy said: “We are delighted to have formed this new relationship with Aberdeen Asset Management and are looking forward to working together to develop Cowes Week further, for the benefi t of everyone involved in this great regatta.” John Grandy went on to praise Stuart Quarrie for
the way he had kept the regatta going so well over the las two years, which had been ‘very tough’. He paid tribute to the commitment of sailors and the goodwill of suppliers who had all contributed to making it ‘business as usual’ and remarked that numbers of entrants at Cowes Week had held up much better than equivalent regattas worldwide.
Despite expert wheedling from the gentlemen of the press, no-one was inclined to talk actual fi gures, but the sponsorship, over an initial three years, is obviously suffi cient to allow for an immediate reduction in entrance fees for competitors, a tangible atmosphere of relief among the Cowes Week management and quite a few bottles of bubbly.
Martin Gilbert CEO of
Aberdeen Asset Management being Interview
Aberdeen Asset Management Cowes Week
84 cywinter 2011
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