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Knives in the Water (Cont.) Playing the Field Over the next four months, nine syndicates will slog it out in the waters off Auckland for the right to challenge Team New Zealand, the current defender of the America's Cup. Here's how the competition shakes out. DEFENDER: Team New Zealand Country: New Zealand Yacht Club: Royal New Zealand Yacht Squadron Helmsman: Dean Barker Budget: $40 million* CHALLENGING SYNDICATES: Alinghi Team Country: Switzerland Yacht Club: Société Nautique de Geneve Helmsmen: Russell Coutts, Jochen Schuemann Budget: $55 million GBR CHALLENGE Country: Great Britain Yacht Club: Royal Ocean Racing Club Helmsmen: Andrew Beadsworth, Andrew Green, Ian Walker Budget: $31 million Le Défi Areva Country: France Yacht Club: Union Nationale pour la Course au Large Helmsmen: Luc Pillot, Philippe Presti Budget: $25 million Mascalzone Latino Country: Italy Yacht Club: Reale Yacht Club Canottieri Savoia Helmsman: Paolo Cian Budget: $25 million Prada Challenge Country: Italy Yacht Club: Punta Ala Helmsmen: Francesco de Angelis, Gavin Brady, Rod Davis Budget: $50 million OneWorld Challenge Country: USA Yacht Club: Seattle Yacht Club Helmsmen: Peter Gilmour, James Spithill Budget: $75 million Oracle BMW Racing Country: USA Yacht Club: Golden Gate Yacht Club Helmsman: Peter Holmberg Budget: $100 million Team Dennis Conner Country: USA Yacht Club: New York Yacht Club Helmsman: Ken Read Budget: $30 to $40 million Victory Challenge Country: Sweden Yacht Club: Gamla Stans Yacht Sällskap Helmsmen: Magnus Holmberg, Jesper Bank Budget: $25 to $30 million *All budget figures are estimated
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