ILCA Move to Secure Class Future


ILCA have announced that they have acquired royalty and legacy builder rights owned by Spencer family companies Global Sailing (GS) and class builder Performance Sailcraft Australia (PSA). This will give the class greater ownership and control over the design rights and building specifications of ILCAs as well as a greater share of the income from hull & equipment manufacture.


The two acquisitions from the Spencers are the design rights for the class which GS purchased from Bruce Kirby in the early 2000s and the royalty payment rights issued to PSA in 2019 to compensate them as one of the then two legacy builders for the agreement to, and effect of, the introduction of multiple new class builders. See Here for details of these royalty payments.


The ILCA web site post Here has more on this positive move by the class to secure its future.