Following extensive negotiations, it has been announced that the Volvo Ocean Race will be moving its headquarters from the South Coast of England to Alicante, Spain.
The Mediterranean city will become both the starting port and the home of the race for the next three editions.
The agreement, which was signed between the Volvo Ocean Race and the Spanish regional government of Valencia, is a long-awaited outcome after talks started last November.
The race headquarters will leave Whiteley, Hampshire, which has been its base since 1998, after the conclusion of the current competition at the end of June.
The headquarters will remain in the Spanish coastal town for the next three editions of the race.
The move also comes with added elements to the event itself, according to Knut Frostad, CEO of the race organisers. ‘These include initiatives to ensure the participation of at least two separate Spanish teams in each of the next three races,’ he said.
Additionally, the agreement will see the construction of a race museum and the port of Alicante will be available as a home to any of the teams in the current race after the finish in St. Petersburg at the end of June.