The Benefits of the Volvo Ocean Race

Posted by Kieran 19/05/2016 0 Comment(s)
The benefits from this were enormous. The event brought in €55.8 million to the economy and saw 650,000 people visit Galway. It was a massive success.

 

In 2012, Galway was privileged with hosting the finish to the race thanks to another successful bid. The race was said to have generated over €60 million for the local economy. The race took 8 months to travel 39,000 miles around the world before landing in Galway. Over 1 billion people were estimated to have watched the event on the television.

 

“We are looking forward to bringing the competition to its conclusion in a country that really knows how to celebrate” - Volvo Ocean Race CEO Knut Frostad

 

The 2012 race was close. For the first time in the competition history, four boats were still in with a chance with days to go. It was tough competition as sailors broke bones and boats to win in extreme conditions. The French team Groupama 4 finished overall winners of the competition, they were skippered by Franck Cammas.

 

“There's always a winner, there's always a loser, but at the same time there's the accomplishment of actually finishing this race.” – PUMA skipper Ken Read

 

In 2009, after a massive effort made by organizers, the Volvo Ocean Race came to Ireland for the first time as a stopover. The benefits from this were enormous. The event brought in €55.8 million to the economy and saw 650,000 people visit Galway. It was a massive success.

 

The yacht race has also led to other benefits to the city with €126 million expansion to Galway Port said to be going ahead. The expansion idea came about as a result of the first visit of the Ocean Race. Although there are fears about environmental issues, the expansion is expected to go ahead under the EU Habitat Directive.

 

 

Whether you are hosting the finish or just a stopover, the economic benefits are massive. It is an event that attracts a huge following and puts Ireland on the map. In 2014, afloat.ie reported that Galway harbour master Captain Brian Sheridan was interested in making another bid for the Volvo Ocean Race but says 2020 would be the earliest.

 

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