A third italian Challenge ? - Part 4 (12/04/01)
  (source : Greg on 2004ac.com Forum)
A paragraph published today by the Gazzetta dello Sport allows to believe that the third Italian challenge is emerging.

Indeed, the negotiations with Prada seems well-engaged and it would be possible that Valleverde, an Italian fashion shoes company located in Coriano (Rimini), become their sponsor.
 
- A second chance for ITA-48 ? (05/10/01)
  (source : Margherita & Corrado on 2003ac.com Forum)
Its last official outing was in mid-december 99, just under 2 years ago Luna Rossa II (ITA48), was wrapping up the third round robin of the LVC, with an impressive record : 7 wins, 2 losses (AmericaOne and Idaten). After that, ITA-48 has served as a training boat, but has not raced again. Prada Challenge had preferred ITA 45 for the remainder of the cup.

Prada Challenge also has the two former Young Americas, ITA-48 is no longer needed, not even as a sparring partner for the training sessions on the Hauraki Gulf, and she was now looking forward to a happy retirement. But the boat could have a second chance as she returned to the public eye at the centre of high profile negotiations.

Ond@nomala (IACC-City Challenge), which is aspiring to be the third Italian Team for the next America's Cup has asked Prada to sell that Luna Rossa to sail in the next Competition and it even seems (mostly speculation as official sources are keeping quiet) that a preliminary agreement is already in place for the details of the transaction which could be concluded in the next few days.

Being able to count on a boat like Luna Rossa II, it is clear that the dream of five insomniacs who were chatting on a web site while watching Luna Rossa race, is very close to becoming reality. Nicola Celon, who seems to have been selected as helmsman, would find himself suddenly in a syndicate which does not sail in money, but rather in the legend which was Luna Rossa, keeping Italy on the edge of its seat for almost 6 months.

It is clear that from these negotiations to it s debut as 11th challenger is a long leap. Meanwhile, the sale needs to be formalised, then regulations need to be complied with, Ond@nomala need to find all its funding and every detail needs to be agreed with the yacht club which will challenge the Royal Yacht Squadron in Auckland.

Alongside the syndicate, which is probably linked to the Circolo Velico di Rimini, it is easy to imagine dozens (or hundreds) of shipowners following an old dream : The AC challenge for 100 dollars. They will never find enough enthusiasts to reach the requisite 18-20 billion Lire (9 €M), but for the ones that have paid the fee of 200000 lires (100 $), or who will do so in the near future the mouthwatering prospect of placing their signature on the hull and owning a piece of Luna Rossa is coming closer to reality.
- A third italian Challenge ? - Part 2 (05/10/01)
  (source : forums.delphi)
RNZYS Commodore Peter Taylor was interviewed today and said that they were expecting a third (!!!) challenge from Italy within the next few days/weeks and that it would be a corporate challenge rather than from a new B (the same as "Italia Auckland Con Cento dollari" ["Italy to Auckland with a Hundred Dollars"] detailed above ?) .
 
A third italian Challenge ? - Part 1 (03/27/01)
  (source : IACC-City.it)
It has been reported today that a "popular" Italian Challenge is now emerging. The challenging club could be Club Nautico di Rimini, however no further details have been announced, or who the financier of syndicate will be.