As the dust settles and the Cup World waits for the Protocol for the 35th America’s Cup, the architect for the 34th Cup talked exclusively to Yachting World about his ideas and thoughts for the next event

Here are a few snippets from a fascinating piece that is out on Thursday in the Jan 14 issue of Yachting World. Don’t miss it.

Russell Coutts, the CEO of Oracle Team USA, has been working diligently on defining the boundaries for the 35th America’s Cup, through meetings with representatives from Hamilton Island Yacht Club, the challenger of record, as well as other potential teams and the city of San Francisco.

Although nothing has been set in stone yet, a shared vision for the next event is emerging, which builds on the success of the 34th America’s Cup.

Here, Coutts shares his thoughts about the various elements under consideration:

On costs: “The America’s Cup is unique and stands at the pinnacle of our sport but it does need to be more sustainable from a cost point of view. Costs versus potential revenues for teams has been too far out of balance so we’re trying to close that gap and eventually reverse the trend of costs exceeding revenues. I would expect the budgets to be reduced to less than two-thirds of what they were last time.”

On teams: “In many ways I think we are better to aim at quality rather than quantity. Right now, we have the four teams from AC 34 who appear to be active, plus the Australian challenger of record. So it seems likely we can expect a minimum of five high quality teams. Hopefully that number can be increased. For example, it would be great to have a good team from one of the Asian countries.”

On nationality rules: “Both the Challenger of Record and us would like to see some form of nationality rule for the sailing teams so we’re considering options there.”

On the America’s Cup World Series: “We’re considering having each of the teams host a World Series event, which would be great in terms of generating excitement in their home countries. We want to get the World Series going as soon as possible, but we also want to do it properly and apply the lessons learned during AC 34 so I don’t anticipate it starting before 2015.”

For the full feature that includes Coutts’ views on the class of boat, the venue and more make sure you get hold of the January 2014 issue of Yachting World.

Available in all kinds of digital formats including the Apple Store as well as good old fashioned glossy paper in a fancy cover.

You’ll also be able to read Matt Sheahan’s first hand account of what the new Volvo 65 is like in 25-30 knots of breeze during sailing trials at Team SCA’s base in Lanzarote.