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SPARKMAN & STEPHENS

Kialoa iii - sparkman & stephens.

Specifications

• All Specifications

Basic Information

Builder: SPARKMAN & STEPHENS Category: Sloop Model Year: 1975 Year Built: 1975 Country: United States

LOA: 79' (24.08mm) LWL: 65' 6" (19.96mm) LOD: 76' (23.16mm) Beam: 17.5 Min Draft: 11' 8" (3.56mm)

Speed, Capacities and Weight

Water Capacity: 475 Gallons Fuel Capacity: 205 Gallons

Accommodations

Total Berths: 9 Total Heads: 4

Hull and Deck Information

Hull Material: Aluminum Hull Configuration: Moderate Fin

Engine Information

Engines: 1 Manufacturer: Cummins Engine Type: Inboard Fuel Type: Diesel

Another major price reduction. Owner says "Let's get this puppy sold!!"

It is not often one gets to own a piece of history. An ageless classic, K III is back in the US with all systems working and ready to continue her illustrious career. Known the world over, she will be recognized in every port her new owner enters and applauded in every race she enters. He first owner, Jim Kilroy, wrote about her history and race record in  KIALOA, Dare to Win.  She held the Sydney - Hobart  elapsed time record for many years and won that and the Transpac and many other races. Her rugged Palmer Johnson hull has been checked and her sloop rig (1978) is ready for another circumnavigation. 

Price reduced. Owner is a serious seller!!

Yacht name «Kialoa III» – SPARKMAN & STEPHENS is for sale and located in Newport, USA.

Sloop  «Kialoa III» built by manufacturer SPARKMAN & STEPHENS in 1975 — available for sale. Yacht location: USA. If you are looking to buy a yacht «Kialoa III» or need additional information on the purchase price of this SPARKMAN & STEPHENS, please call: +1-954-274-4435 (USA)

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• Kialoa III 1975 SPARKMAN & STEPHENS Sparkman & Stephens 79' Sloop Sloop Yacht MLS #270719

Kialoa III - 1975 79' SPARKMAN & STEPHENS Sparkman & Stephens 79' Sloop Newport Rhode Island United States $195,000 USD

Another major price reduction. Owner says "Let's get this puppy sold!!"

It is not often one gets to own a piece of history. An ageless classic, K III is back in the US with all systems working and ready to continue her illustrious career. Known the world over, she will be recognized in every port her new owner enters and applauded in every race she enters. He first owner, Jim Kilroy, wrote about her history and race record in KIALOA, Dare to Win. She held the Sydney - Hobart elapsed time record for many years and won that and the Transpac and many other races. Her rugged Palmer Johnson hull has been checked and her sloop rig (1978) is ready for another circumnavigation.

Price reduced. Owner is a serious seller!!

FULL SPECIFICATIONS

Accommodations.

Fisher panda generator 8.8 Koa – 2010

Mastervolt Chargemaster 24 Volt 80-3

Mobtronic battery controller

Outback single phase Inverter charter VFXR series 110 - 220V

Timerco Digital Timer

Fisher Panda 8KW generator in sound shield

3000 watt inverter with smart battery charger

24 volt DC system,110 volt AC system, 12 volt converts for instruments

Distribution panel @ salon with (5) sub panels throughout vessel

Mastervolt 100 amp 3-stage automatic battery charger

AGM batteries

Battery parallel switches

Battery condition meter (2) 120 amp alternators on main engine

Bonding system

Shore power cord

Electronics

B&G Hercules 790

B&G 2000Wind Icom IC-M56 VHF radio S

tandard Horizon Eclipse VHF radio with DSC

Ritchie pedestal mounted compass(2)

Danforth Constellation compasses @ cockpit

Watermaker, pickled

Vetus Meteo LinerRaytheon

Ray-Nav 300 GPS

Simrad AP24

Heavy duty, oversized, auto pilot

Standard Horizon Eclipse Dsc

Engine and Mechanical

Cummins 5.9 liter, 270HP, fresh water cooled diesel engine (1997)

Twin-Disc 507-A transmission, rebuilt (1997)

Engine compartment insulation

Stainless steel shaftDripless shaft system

Propeller shaft brake

Maixprop 3-blade 32” bronze propeller

Maxiprop 2-blade 32” bronze propeller

Approximately 90 gallon day tank for fuel

Fuel filtration system

Automatic electric bilge pumps

Separ fuel filter polishing system

32 cu. ft. top-loading refrigerator

32 cu. ft. top-loading freezer

Force-10 3-burner gimbaled propane stove with oven

Stainless steel sea rail

Microwave oven 12 volt circulation fan

12 volt lighting110 volt outlet

Teak& holly cabin sole

Formica counter

Double, deep-well, stainless steel sinks

Hot & cold pressure water system

Small overhead skylight/hatch

Abundant storage

Entertainment

Pioneer AVH-X2500BT tuner Radio

4 GTO JBL speakers (salon)

Two exterior speakers, not sure if they are working. under investigation

Safety Equipment

Three flash lights

Fire extinguisher

Life bout lights

2Man overboard module

ACR 406 EPIRB

2 Life rafts, need to be serviced

Electric and manual bilge pumps

20 Hp Yamaha four stroke outboard

Achilles 12 ft tender

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NOT FOR CHARTER *

This Yacht is not for Charter*

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KIALOA III yacht NOT for charter*

23.8m  /  78'1 | palmer johnson | 1974 / 1997.

Owner & Guests

• Previous Yacht

The 23.8m/78'1" sail yacht 'Kialoa III' was built by Palmer Johnson in Monaco at their Sturgeon Bay, WI shipyard. This luxury vessel's exterior design is the work of Sparkman & Stephens and she was last refitted in 1997.

Guest Accommodation

Kialoa III has been designed to comfortably accommodate up to 6 guests in 2 suites. She is also capable of carrying up to 4 crew onboard to ensure a relaxed luxury yacht experience.

Range & Performance

Kialoa III is built with a aluminium hull and aluminium superstructure, with aluminium decks. Powered by 1 x diesel Cummins (5.9 Kuter) 270hp engines, she comfortably cruises at 10 knots, reaches a maximum speed of 12 knots with a range of up to 1,100 nautical miles from her 205 gallon fuel tanks at 10 knots. Her water tanks store around 475 Gallons of fresh water.

*Charter Kialoa III Sail Yacht

Sail yacht Kialoa III is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

Kialoa III Yacht Owner, Captain or marketing company

'Yacht Charter Fleet' is a free information service, if your yacht is available for charter please contact us with details and photos and we will update our records.

Kialoa III Photos

NOTE to U.S. Customs & Border Protection

Specification

S/Y Kialoa III

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Manufacturer

For Sale By

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Owen Clarke Performance Yacht Brokerage is pleased to offer a rare opportunity to purchase a classic boat with huge provenance.Kialoa II was one of the first Maxi racing yachts...

* Price displayed is based on today's currency conversion rate of the listed sales price.

FURTHER DETAILS ABOUT SPARKMAN

Sparkman is a well renowned boat manufacturer which crafts a wide range of styles and models of boats including the popular models S&S 30, & Stephens-Tore Holm 43 ft Yawl 1957 and - Henry B. Nevins 48 ft Bermudan Sloop 1947.

Their wide range of boats spans multiple categories, including sailboats and liveaboard sailboats. Sparkman has been a major player in the marine industry for many years, and as such you'll find models of their boats dating between 1937 and 1991.

Sparkman offers a wide range of sizes of boats to choose from , with their smallest model measuring 30 feet and their largest 73 feet. This broad range allows their customers the chance to find the model that suits them best, while benefiting from Sparkman's impeccable build quality. With such a large variety, you'll find Sparkman boats of very different prices, from the most affordable at $15,308 to boats costing upwards of $1,538,928.

The company prides themselves on building their boats with the highest-quality hull materials , including mahogany on oak, carvel mahogany on oak and fiberglass. Engine power is also a key factor when choosing a boat. Sparkman boats have a range of engine power options with an average horsepower of around 18.0 hp, Of course, range and speed vary on the engine type, depending on the specific model, as well as several options of world-class makes and models of engines.

At Rightboat you'll find 19 used and 0 new boats available, offering you a broad range to choose from that fits your budget and requirements.

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• Sparkman - sangermani 50 ft sloop 1968 1
• Sparkman - sangermani 71 ft yawl 1963 1
• Sparkman & stephens-tore holm 43 ft yawl 1957 1
• Sparkman 37 ft one ton cup sloop 1967 1
• Sparkman 37 ft rorc one-tonner 1968 - project 1
• Sparkman 41 ft ior bermudan sloop 1971-2008 1
• Sparkman 48 ft yawl 1938-2006 1
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• Sparkman 52ft yawl 1950 1
• Sparkman And stephens- carlini 56 ft yawl 1970 1
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• Sparkman Classic maxi cruising yacht 1
• Sparkman Delta 94 1
• Sparkman S&s 30 1
• Sparkman Solitaire 52.11 1
• Sparkman Sparkman&stephens 43 1
• Sparkman Sparkman&stephens 45 sloop ‘carillion of wight’ 1

SPARKMAN BY COUNTRY

• Sparkman in Spain 4
• Sparkman in United Kingdom 5

SPARKMAN BY CATEGORY

Sparkman & Stephens KIALOA II

Sail Number: Aus 772

Type: Maxi Yacht (Aux. Sloop/keel, interchangeable yawl 1968)

LOA: 73’7” / 22.43m – LOD: 73’7” / 22.43m – LWL: 54’11” / 16.74m – Beam: 14’11” / 4.55m – Draft: 10’10” / 3.30m – Displacement: 92,250 lbs / 45,000k – Ballast: 40,000 lbs / 2,000 lbs inside – Hull material: Aluminium – Sail Area: 2,700 sq ft. – Designer: Sparkman and Stephens, no. 1713 – Built by: Yacht Dynamics, Harbor City, California – Year Launched: 1964 – Current Name: Kialoa II – Original Owner: John B. “Jim” Kilroy – FLAG: Australia (AU) – Location: Marine Traffic

Kialoa II 1971 Sydney Hobart Dare to Win – Kilroy Family  

Historical:

Kialoa II (name derived from a Hawaiian word for ‘long, beautiful canoe’) was designed by Sparkman & Stephens and built by Yacht Dynamics, in Harbor City, California out of aircraft grade aluminum (largest aluminum yacht built in the United States in 1963) for Jim Kilroy.

Jim Kilroy – “a comfortable 12 Meter.” Cruising comfort, regardless of weather conditions for her crew, wife and five children. Forced-draft system, air-conditioned, and useable underway…unknown to most of her racing competitors at this time.

The Class A boat weighs approximately 92,250 lbs / 45,000k, carrying 2,700 square feet of sail area, accommodating a crew of 16, with auxiliary power from an aluminum GM 4-53 130 hp. diesel.

Dynamic’s President Kenneth Watts comments at the time of building Kialoa II – Aluminum shapes and special developmental sections for the racing sloop are being produced by Harvey Aluminum. Built Cheaper “Cost-wise,” said Watts, “we believe aluminum boats can be built cheaper than boats out of wood. The value of a boat like Kilroy’s Kialoa II 20 years from now will be worth a lot more than the money paid for it. “An aluminum boat will not get what we call tired. After 30 years of use, it will be just as rigid and strong as it is today. A wooden boat has a tendency to get sort of lax or hogback, just like a chair. It requires greater upkeep and takes on a musty odor in a few years. “An aluminum boat won’t.

Kialoa II won numerous races on the Eastern and Western seaboard, the Transpacific Race to Hawaii in 1965, the Transatlantic race to Ireland, the Sydney-Hobart in 1971 and many other races. Rigged sometimes as a sloop and sometimes, a yawl, Kialoa II won one of every four races she sailed, and finished on the podium in more than half of them.

When Mr. Kilroy built his third Kialoa, he donated her to the U.S. Coast Guard to be used as a training vessel. In 1978 she was sold by the Coast Guard to a Martin Crowley. After considerable repairs Crowley took her through the Panama Canal to the West Coast. In 1982 she was chartered for the Victoria – Maui race, and was subsequently entered in the Clipper Cup in Hawaii.

Kialoa II was chartered for a while in Maui, and then was brought back to California and put up for sale.

In 1999 Jos Fruytier, a Dutch sailor with a soft spot for historic sailing vessels, flew to Honolulu on Christmas Day and bought her on the spot. A sound hull was one reason that Fruytier decided to point Kialoa’s bow southwest into the South Pacific and begin a 20,000-mile voyage lasting over a year. He flew home periodically to attend to family and business, but eventually delivered Kialoa II to Metur Yachts in Bodrum, Turkey for a full refit, completed in 2003, before continuing to cruise Kialoa II mainly in the Med and northern Europe.

Patrick and Keith Broughton bought the 73’ yawl in 2016 with the view to compete in the classic ocean races as Kialoa II did under Jim Kilroy.

Provenance (The Wall of Remembrance – The Owners, Crew & Notable Guest):

• Owner/Guardian: (1964-1973) – John B. “Jim” Kilroy, Newport Harbor Yacht Club, Balboa Yacht Club. (May 1, 1922 – September 29, 2016) – In his memoir about racing, business and life, Kilroy described being born in Ruby, Alaska, on May 1, 1922, and then growing up in Southern California during the Great Depression. In 1940 he was hired at Douglas Aircraft, where he started off as an inspector and quickly studied manufacturing processes. After serving in the US Army Air Corps Reserve (1944–46) and no longer with Douglas, he began to realize the potential of commercial real estate. Kilroy focused on prime sites across Southern California airports, founding Kilroy Realty Corp, which today is a major Real Estate Investment Trust.In 2011, he was awarded the Lifetime Achievement Award by Real Estate Forum and GlobeSt.com at their annual conference. In 2014 Kilroy was inducted into the National Sailing Hall of Fame.Having set up the John B. and Nelly Llanos Kilroy Foundation, Kilroy said proceeds from his memoir would go to benefit youth.
• Owner/Guardian: (1973) – United States Coast Guard Academy, New London, CT.
• Owner/Guardian: Martin Crowley
• Owner/Guardian: (1985-1999) – Frank and Cynthia Robben
• Owner/Guardian: (1999) – Jos Fruytier
• Owner/Guardian: (2016) – Patrick and Keith Broughton

Kialoa2.com.au Rolex Sydney Hobart website Marine Traffic Palos Verdes Peninsula News, Volume XXVI, 21 November 1963 Wikipedia Kenneth Watts (Yacht Dynamics, Harbor City, California) Yacht World (John Burnham) US-1: Dare to win, by Jim Kilroy Andrea Francolini @afrancolini

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BROKERAGE 

Boat Details

Designer: Sparkman & Stephens 

Builder: Palmer Johnson

Boat Location: Newport, Rhode Island, US 

Price: $195,000

Length:  79 ft 0 inch

Beam: 17 ft 6 inch

Draft: 11 ft 8 inch

Hull Material:  Aluminium

Description 

Major price reduction December  2023 - Bring Offers 

Is Kialoa III one of the most iconic maxi yachts of her era? Yes. Designed by Sparkman and Stephens in 1975 for Jim Kilroy who had already owned two S&S yachts previously, so an experienced yacht racer/owner. Built at Palmer Johnson, she was originally designed/built as a 79’ Ketch Maxi for offshore racing.

The year of her launch, Kialoa III went onto win the Sydney to Hobart race with a record time of 2 days 14 hours 36 minutes and 56 seconds. She held for a staggering 21 years! During her early career Kialoa III was well known in the maxi circuit throughout the world, wining nearly every big regatta going. In the late 70’s her rig configuration was changed from a ketch to a sloop and what today you see is how she has remained since about 1978.

Kialoa III’s interior is standard for a Sparkman & Stephens yacht of this size and era, with teak varnish and contrasting white panelling throughout. She can comfortably sleep 5 guests in two cabins and the salon area and a further four crew bunks in the bow area.

This is an elegant yacht from a bygone era of Maxi yacht racing, she allows for fast, safe and comfortable cruising but allows for big boat regatta racing at the weekend.

More images to follow. 

Construction

Aluminium Construction

Accommodation 

The boat is surrounded by space and hanging lockers, which of course allows for long periods of time at sea.

Force-10 3-burner gimbaled propane stove with oven

Microwave oven 12 volt circulation fan 32 cu. ft. top-loading refrigerator 32 cu. ft. top-loading freezer Double, deep-well, stainless steel sinks Hot & cold pressure water system  

Navigation Equipment

B&G Hercules 790 B&G 2000Wind Icom IC-M56 VHF radio Standard Horizon Eclipse VHF radio with DSC

Ritchie pedestal mounted compass(2)

Danforth Constellation compasses in cockpit

LinerRaytheon Ray-Nav 300 GPS Simrad AP24 Heavy duty, oversized, auto pilot Standard Horizon Eclipse Dsc

Deck Equipment 

x2 Barient 35 s/t runner winches

x2 Barient 32 s/t traveller winches

x1 Barient s/t mainsheet winch - cockpit with Barient coffee grinder

x2 Barient coffee grinders x1 Barient 36 s/t electric winch x1 Barient 36 s/t winch x1 Barient 32 winch x5 Barient 35 winches x1 Barient 32 s/t winch x4 Large custom Barient primary winches

Deck Gear: 

Harken genoa tracks

Twin block mainsheet system Reckmann hydraulic, twin groove, roller furling headsail system Reckmann hydraulic Backstay, Inner Forestay, Baby Stay, Vang, Outhaul 

Engine/ Mechanical

Cummins 5.9 liter, 270HP, fresh water cooled diesel engine (1997)

Twin-Disc 507-A transmission, rebuilt (1997)

Stainless steel shaft

Dripless shaft system

Separ fuel filter polishing system

Fisher panda generator 8.8 Kw – 2010

Electrical 

AGM batteries

Mastervolt 100 amp 3-stage automatic battery charger Mastervolt Chargemaster 24 Volt 80-3 Mobtronic battery controller 3000 watt inverter with smart battery charger 24 volt DC system,110 volt AC system, 12 volt converts for instruments

Battery parallel switches Battery condition meter (2) 120 amp alternators on main engine Bonding system Shore power cord

T ankage 

Fuel: 205 Gallons (90 Gallon day tank) 

Fresh water: 475 Gallons 

Spars 

Hood keel-stepped aluminum painted mast

Hood aluminum painted boom with reefing & furling racks installed

Carbon fiber spinnaker pole Aluminium jokey pole 

Complete set of running rigging Navtec stainless steelrod rigging

Racing Mainsail x3 Racing Genoas

x4 Spinnakers

Storm Trysail Storm Staysail

Cruising Main

Roller furling Genoa  

Tender  

Achilles 12 ft tender

20 Hp Yamaha four stroke outboard

S afety Equipment    

Epirb ACR Three flash lights Fire extinguisher 3Life slin Life bout lights, 2Man overboard module ACR 406 EPIRB 2 Life rafts, need to be serviced Electric and manual bilge pumps

The Company offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.

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KIALOA II Yacht for Sale

73' sparkman & stephens | 1964 | €920,000.

• Yachts for sale
• sparkman & stephens

Last updated Jan 3, 2024

Kialoa II Boat | 73' Sparkman & Stephens 1964

The Sparkman & Stephens Classic Yacht Kialoa II was one of the first ‘Maxi’ yachts, this is a rare opportunity to purchase a classic yacht with huge provenance.  This ocean racing legend was designed by Sparkman & Stephens and built in lightweight aluminium specifically to compete and win the maxi ocean racing category. During her first decade she successfully won most of the major ocean races at least once, including the 1965 Transpac Race.  She came 2nd in Fastnet in 1969 and took line honours in the 1971 Sydney-Hobart Race.

Her current owners have invested well in the maintenance of the Sparkman & Stephens Classic Yacht Kialoa II, with a full re-fit and new suite of North sails in 2016/17. A new Whale Spars aluminium mainmast and boom in 2018. Subsequently in 2022 she has had new standing riggingand running rigging, a new main sail and topside paint. And in 2023, her hull has had a spray application of International Micron (black) Propspeed 2023.

The Sparkman & Stephens Classic Yacht Kialoa II would be ideal as an ocean racer or for Classic Yacht regattas or as an adventure yacht to reach the high latitudes and furthest corners of the globe. She has many more years and sea miles to be enjoyed by her new owner. 

Denison Yacht Sales is pleased to assist you in the purchase of this vessel. This boat is centrally listed by OC Performance Yacht Brokerage Services.

Denison Yacht Sales offers the details of this yacht in good faith but can’t guarantee the accuracy of this information nor warrant the condition of this boat for sale. This yacht for sale is offered subject to prior sale, price change, or withdrawal from that yacht market without notice. She is offered as a convenience by this yacht broker to its clients and is not intended to convey direct representation of a specific yacht for sale.

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Kialoa II HIGHLIGHTS

• Yacht Details: 73' Sparkman & Stephens 1964
• Location: Southampton, E19, United Kingdom
• Last Updated: Jan 3, 2024
• Asking Price: €920,000
• Max Draft: 10' 11''

Kialoa II additional information

• Beam: 14' 11''
• Hull Material: Aluminum

Schedule a Tour of KIALOA II

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SIMILAR YACHTS FOR SALE View All

86' garcia 2005, bretagne, 53, france, 85' pendennis 1996, panama, panama, 82' jongert 1979, weesp, it-ag, italy, windweaver of pennington, 81' midship marine 1998, sete, 34, france, 80' golden yachts 1997, bali, indonesia, 79' mcconaghy 1995, la spezia, it-sp, italy, 79' cheoy lee 1995, monaco, monaco, other sparkman & stephens yachts for sale view all, 48' sparkman & stephens 2000, new bern, nc, us, 79' sparkman & stephens 1975, newport, ri, us, 70' sparkman & stephens 1937, palma, es-pm, spain, 88' sparkman & stephens 1983, noosaville, qld, australia, 40' sparkman & stephens 1984, nuevo nayarit, mexico, serenity iii, 51' sparkman & stephens 1983, pittwater, nsw, australia, cariño, 43' sparkman & stephens 1979, mahon, es-pm, spain, price watch.

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KIALOA III is a 24.05 m Sail Yacht, built in the United States of America by Palmer Johnson and delivered in 1974.

Her top speed is 11.0 kn and she boasts a maximum range of 1100.0 nm when navigating at cruising speed, with power coming from a Cummins diesel engine. She can accommodate up to 6 guests, with 4 crew members waiting on their every need. She has a gross tonnage of 101.0 GT and a 5.24 m beam.

She was designed by Sparkman & Stephens , who also completed the naval architecture. Sparkman & Stephens has designed 64 yachts and created the naval architecture for 63 yachts for yachts above 24 metres.

KIALOA III is one of 988 sailing yachts in the 24-30m size range, and, compared to similarly sized sailing yachts, her cruising speed is 0.64 kn above the average.

KIALOA III is registered under the United States of America flag, the most popular flag state for superyachts with a total of 1613 yachts registered

Specifications

• Name: KIALOA III
• Yacht Type: Sail Yacht
• Yacht Subtype: Classic Yacht
• Builder: Palmer Johnson
• Naval Architect: Sparkman & Stephens
• Exterior Designer: Sparkman & Stephens
• Refits: 1997-01-01

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The Classic 1960’s Maxi

“Kialoa has raced in many of the great ocean classics, including taking line honours in the 1971 Sydney Hobart. I’ve raced in multiple Sydney to Hobarts and so has many of my Australian crew. We would like to take Kialoa on a journey to race those classics again, starting with the Rolex Fastnet” –  Paddy Broughton

KIALOA II was designed in 1963 for Jim Kilroy by the premier naval architecture firm of Sparkman and Stephens. Her design goal was to compete and win in the maxi ocean racing category. She did successfully, winning most major ocean races. One of her highlights was winning the grueling upwind Sydney-Hobart Race in 1971.

KIALOA II was built by Yacht Dynamics in Harbor City, California and launched in 1964. This firm was organized by Ken Watts, of Watts Sails, Bud Gardiner, and Donald Douglas, of the Douglas Aircraft Corporation, and Kialoa II was the first of the three vessels they built. She was the largest aluminum sailing yacht to be built in the U. S. at that time.

Sailing Diary

2 MONTHS TO GO FOR 50TH ROLEX FASTNET RACE

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Classics head for 50th rolex fastnet race.

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Getting into the groove

Russian oligarch's yacht costs U.S. taxpayers close to $1 million a month

A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to maintain, according to new court filings.

The U.S. Department of Justice is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging that it was owned by sanctioned Russian billionaire Suleiman Kerimov. The government said it wants to sell the $230 million yacht due to the “excessive costs” of maintenance and crew, which it said could total $922,000 a month.

“It is excessive for taxpayers to pay nearly a million dollars per month to maintain the Amadea when these expenses could be reduced to zero through [a] sale,” according to a court filing by U.S. prosecutors on Friday.

The monthly charges for Amadea, which is now docked in San Diego, California, include $600,000 per month in running costs: $360,000 for the crew; $75,000 for fuel; and $165,000 for maintenance, waste removal, food and other expenses. They also include $144,000 in monthly pro-rata insurance costs and special charges including dry-docking fees, at $178,000, bringing the total to $922,000, according to the filings.

The battle over Amadea and the costs to the government highlight the financial and legal challenges of seizing and selling assets owned by Russian oligarchs after the country’s invasion of Ukraine. European Commission President Ursula von der Leyen said last week that the European Union should use profits from more than $200 billion of frozen Russian assets to fund Ukraine’s war effort.

Her comments echoed government calls in the spring of 2022 to freeze the yachts, private jets and mansions of Russian billionaires in hopes of putting pressure on Russian President Vladimir Putin and raising money for the war effort.

Yet, nearly two years later, the legal process for proving ownership of the Russian assets and selling them has proven to be far more time-consuming and costly. In London, Russian billionaire Eugene Shvidler has waged a court battle over his private jets that were impounded, and Sergei Naumenko has been appealing the detention of his superyacht Phi.

The battle over Amadea began in April 2022, when it was seized in Fiji at the request of the U.S. government, according to the court filings.

Though the U.S. alleges that the yacht is owned by Kerimov, who made his fortune in mining, attorneys for Eduard Khudainatov, an ex-Rosneft CEO who has not been sanctioned, say he owns the yacht, and have sought to take back possession of the vessel.

In court filings, Khudainatov’s attorneys have objected to the U.S. government’s efforts to sell the yacht, saying a rushed sale could lead to a distressed sale price and that the maintenance costs are minor relative to the potential sale value.

Khudainatov’s attorneys refuse to pay the ongoing maintenance costs as long as the government pursues a sale and forfeiture. However, they say their client will reimburse the U.S. government for the more than $20 million already spent to maintain the yacht if it’s returned to its proper owner.

In court papers, the government says Kerimov disguised his ownership of Amadea through a series of shell companies and other owners. They say emails between crew members show Kerimov “was the beneficial owner of the yacht, irrespective of the titleholder of the vessel.”

The emails show that Kerimov and his family ordered several interior improvements of the yacht, including a new pizza oven and spa, and that between 2021 and 2022, when the boat was seized, “there were no guest trips on the Amadea that did not include either Kerimov or his family members,” according to the court filings.

The government also says Kerimov has been trying to sell Amadea for years, so a sale would be in keeping with his intent.

“This is not a situation in which a court would be ordering sale of a precious heirloom that a claimant desperately wishes to keep for sentimental reasons,” the government said in filings.

Even if Amadea were sold quickly, the proceeds wouldn’t automatically go to the government. Under law, the money would be held while Khudainatov and the government continue their battle in court over the ownership and forfeiture.

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