LONDON, July 23, 2015 /PRNewswire/ --
CMC Markets, one of the leading providers of spread betting and CFD trading has announced that they will be joining Land Rover BAR as Official Partner to help bring the America's Cup home. The America's Cup is the oldest international trophy in world sport, pre-dating the modern Olympic Games, the Ryder Cup and the World Cup. The America's Cup started in 1851 with a race around the Isle of Wight, and Britain has yet to win it.
The 35th America's Cup
Land Rover BAR begin the challenge to win the 35th America's Cup at the Louis Vuitton America's Cup World Series Portsmouth, starting Thursday, July 23 to Sunday, July 26, 2015. It will be the first stage of competition for the 35th America's Cup, which concludes in Bermuda in 2017. As part of the agreement CMC Markets also becomes an Official Partner for the Louis Vuitton America's Cup World Series Portsmouth. The event will host six teams, comprising of the world's most talented and successful sailors, racing in foiling AC45 catamarans, which 'fly' above the water, close to the shore off Southsea Common.
Peter Cruddas, Chief Executive of CMC Markets, said: "We are delighted to announce our sponsorship of Land Rover BAR to compete in the America's Cup over the next three years. The team has a true pioneering spirit and demonstrates constant innovation, matching the ethos that CMC Markets stands for in the trading industry. This is a first class sporting event with some of the world's best sportsmen and the most innovative technology for boats around the world and we're proud to be part of the UK's historic chance at a Cup victory."
Ben Ainslie, Team Principal of Land Rover BAR, said: "It is fantastic for us to have CMC Markets on board as Official Partner, I'm sure we can help them build their brand around the world through our challenge to bring the Cup home."
Charity trading competition
During today's sponsorship announcement CMC Markets will hold a trading competition, which will see Ben Ainslie, along with Land Rover BAR's CEO Martin Whitmarsh, and CFO Andy Hindley, all competing to raise money for the 1851 Trust, which is supported by Land Rover BAR. The winning trader will donate their earnings to the charity. The 1851 Trust aims to inspire and engage a new generation through sailing and the marine industry, providing young people with the education, skills and training to become innovators of the future, and stewards of the marine environment.
For more information about the new partnership and the America's Cup visit http://www.cmcmarkets.com/land-rover-bar
Notes to Editors
CMC Markets is a leading global provider of financial spread betting and Contracts for Difference ("CFDs"), offering access to thousands of products across FX, indices, shares, commodities and treasuries. Since Peter Cruddas founded CMC Markets in 1989, the company now has offices in London, Paris, Milan, Madrid, Frankfurt, Oslo, Stockholm, Toronto, Sydney, Auckland, and Singapore, CMC Markets has clients in 70 countries.
Spread bets and Contracts for Difference ("CFDs") are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you. It is possible to lose more than your investment and you may be required to make further payments. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice.
CMC Markets UK plc (173730) and CMC Spreadbet plc (170627) are authorised and regulated by the Financial Conduct Authority in the United Kingdom in relation to the provision of CFDs and Spreadbetting. In relation to binary products (including Countdowns) CMC Markets is licensed and regulated by the Gambling Commission, reference number 42013. A copy of the licence can be found here
CMC Markets is an execution only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
About Land Rover BAR
Ben Ainslie Racing (BAR) was launched on June 10th 2014 in the presence of Her Royal Highness The Duchess of Cambridge. The team was conceived by four times Olympic gold medalist and 34th America's Cup winner, Sir Ben Ainslie, with the long-term aim of challenging for Britain and bringing the America's Cup back home to where it all began in 1851. Ben has developed and will lead a British entry capable of winning the prestigious trophy, something Britain has so far never managed to achieve.
Land Rover BAR is a commercial sporting team, with a number of individual private investors alongside corporate partners. The team is made up of some of the best British and international sailors, designers, builders and racing support.
The team have built a new headquarters in the centre of Portsmouth, the 74,000 sq ft. building houses all the team's activities, and will welcome the public into a Visitor Centre hosted by the 1851 Trust. The Trust is the team's official charity, and HRH The Duchess of Cambridge is its Royal Patron.
Portsmouth will also host two Louis Vuitton America's Cup World Series events during the summers of 2015 and 2016, the first will be on the weekend of 23rd-26th July. Up to 500,000 visitors are expected to come and watch the racing, enjoy the festivities, and cheer for the home team.
For more information please contact:
Teamspirit Public Relations
Land Rover BAR Press Officer
+44-7766-391-276 / +44-1489-587-838
SOURCE CMC Markets and Land Rover