Having reached the semi-finals with limited means in 1999, a Luc Gelluseau-led design team has enjoyed the advantage of more time and money this time around.

And the sailing squad will have benefited from a new base in Lorient, France, which is said to provide access to exactly the same conditions as those expected in the Hauraki Gulf.

There is no shortage of talent in a sailing team led by Pierre Mas.

Match-racing champions Luc Pillot and Philippe Presti will share the skipper duties after the defection of Bertrand Pace to Team New Zealand.

They will be aiming to steer FRA 69 through the early rounds at least.

Verdict: Another campaign of improvement but no ultimate prize.