Team NZ accused of 'corporate blackmail' by former director
"The consortium is ready and we are already putting together the sponsors. This is an open consortium, because around the project of Adelasia we hope to bring the whole of Sardinia.
Team New Zealand reveal new America's Cup boat
"The revolutionary scope of this project, in fact, lies in the fact that we do not want a shipyard that builds our boat, but that the shipyard becomes a partner of this challenge."
Adelasia of Torres has been racing in monohull regattas in the Mediterranean with varying success.
Azara is described on the syndicate's website as being a sailing visionary and has been responsible for setting up an extensive racing programme.
America's Cup bases could cost up to $190 million
Luna Rossa are the challenger of record for the America's Cup.
The New York Yacht Club and Ben Ainslie Racing have already indicated they will be part of the Cup, although entries don't open until January 1.
Last month Team New Zealand revealed that the Cup will return to monohulls and work is progressing on a new class rule to be released next March, for 75 foot foiling yachts.
The syndicate says the new yachts, which replace the foiling catamarans used for the last two Cups, will provide exciting racing in the Hauraki Gulf. Modelling had shown the boats could be potentially faster than the catamarans used in San Francisco and Bermuda.
Luna Rossa's participation in the Cup was conditional on the return to monohulls.
