The Australian OzBoyz Challenge has announced its intention to compete in the 2007 America’s Cup.

The campaign is based primarily on the youth of Australia. Male and female team members will be selected for their practical and academic talent in yachting, finance, marketing, administration, engineering and business. They will work with experienced mentors in each of these fields as well as legal experts, television, media and PR professionals who all have previous experience in the America’s Cup event.

While most potential syndicates for the next America’s Cup are focusing on big budget campaigns, OzBoyz Challenge has a modest budget of AUD58 million.

The next stage of the challenge is the official launch of the website www.ozboyzchallenge.com on 5 November 2003 followed by the online recruitment programme commencing in December 2003. This coincides with the selection process of the OzBoyz Challenge Yacht Club.