SWEDEN’S HOLMBERG WINS TOSCANA ELBA CUP – TROFEO LOCMAN!

ISLE of ELBA, Italy (May 17, 2003) – Sweden’s Magnus Holmberg defeated Australia’s James Spithill by half a boat length in the fifth and final match to win the Toscana Elba Cup – Trofeo Locman, the sixth event on Swedish Match Tour 2002/2003.

In a long afternoon on Elba’s Portoferraio Bay, Holmberg, former champion of the Swedish Match Tour (2001), battled shifty conditions, several course changes and occasional ferry boat wakes to earn his fifth win, the most of any skipper, in the three year history of the Swedish Match Tour.

The Toscana Elba Cup – Trofeo Locman was developed to showcase the island of Elba and enforce the relationship between Italy and the America’s Cup and the championship final, battled between two America’s Cup helmsman, Holmberg of Sweden’s Victory Challenge and Spithill of the OneWorld Challenge, didn’t disappoint.

Down to the final run of the final match, the title was up for grabs. Spithill rounded the windward mark a boat length ahead of Holmberg, but as the boats split, Holmberg found the fresher air. “We had a little bit better breeze on the last run and that made the difference, it was back and forth all day and close all the way until the end.”

“It was our crew work that got us through the tough spots,” added Holmberg. “I was really impressed with everyone, but Stefan (Rahm) in particular. He hasn’t raced in six months because of a knee injury, but he came back this week and did a great job calling tactics for us.”

Spithill, while disappointed with the result, was hardly despondent. “ The guys did a great job to get us to the finals. We came through the hard way, going the low road through the repechage. It was obviously a close day and some great racing out there.”

The runner-up result allowed Spithill to move into second place overall on the Swedish Match Tour 2002/2003 Rankings, 14 points behind Swedish Match Tour leader Jes Gram-Hansen of Team Victory Lane, who finished sixth here this week, and currently has 80 points.

“We’re in a good position to try and win the Swedish Match Tour, unfortunately we’re only doing two of the last three events, but we’re going to try and win those events and if we do, we know we’ve got a crack at winning the whole Tour,” said Spithill.

The next event on the Swedish Match Tour is the ACI Htmobile Cup in Split, Croatia, May 27 – June 2.

TOSCANA ELBA CUP – TROFEO LOCMAN FINALS STANDINGS
Skipper Prize Money
1.Magnus Holmberg, SWE/Team Holmberg – 77,500Euros
2.James Spithill, AUS/Team Spithill – 51,500E
3.Paolo Cian, ITA/Riviera di Rimini Sailing Team – 27,500E
4.Ed Baird, USA/Team Musto – 15,000E
5.Karol Jablonski, POL/Jablonski Sailing Team – 12,000E
6.Jes Gram-Hansen, DEN/Team Victory Lane – 10,000E
7.Luc Pillot, FRA/Team Pillot – 18,000E
8.Chris Law, GBR/”The Outlaws” – 5,000E

SWEDISH MATCH TOUR 2002/2003 RANKINGS

Skipper Points
1.Jes Gram-Hansen, DEN/Team Victory Lane 80
2.James Spithill, OneWorld Challenge 66
3.Jesper Radich, DEN/Team Radich 53
4.Ed Baird, USA/Team Musto 42
5.Chris Law, GBR/”The Outlaws” 41
6.Paolo Cian, ITA/Riviera do Rimini Sailing Team 39
7.Magnus Holmberg, SWE/Team Holmberg 35
= Ken Read, USA/Saucony Racing 35

TODAY’S RESULTS
Finals
Match 1

James Spithill (AUS/Team Spithill) def. Magnus Holmlberg (SWE/Team Holmberg)

Match 2
Holmberg def. Spithill

Match 3
Spithill def Holmberg

Match 4
Holmberg def. Spithill

Match 5
Spithill def. Holmberg

For all the latest news and information about the Swedish Match Tour, visit www.swedishmatchtour.com.

About the Swedish Match Tour
· The Swedish Match Tour is comprised of nine of the world's leading professional sailing events and is proving to be the ultimate battleground of sailing.
· In addition to more than US$800,000 in individual event prize money, the Swedish Match Tour awards US$200,000 to the top eight sailors on the Swedish Match Tour, with the first-place skipper netting US$60,000.
· In addition to a US$60,000 first prize, the winner of the Swedish Match Tour receives the official Swedish Match Tour Championship Trophy, 15" (30 cm) high with 22 carat gold gilding, produced by Swedish Match Tour sponsor Wedgwood. Additionally, Wedgwood supplies runner-up prizes for second and third places as well as commemorative plaques to each event organizer.
· The Swedish Match Tour produces 155 hours of television coverage reaching more than 427 million households worldwide.
· Swedish Match Tour partners include Swedish Match, Octagon and the Match Race Association.
· Swedish Match Tour sponsors include Colorcraft, Champagne Mumm, Musto, Selden and Wedgwood.