"For the Wally Class the Palmavela has always been the opening of the season, which in some way is as important as the last event of the season," Bassani explains. "All of the boats come here with the spirit of starting again with all the modifications they have made over the winter. They don’t know if they are going to be faster or not, so there is a lot of excitement about this and what surprises could come out from the results.
"We are proud and happy to see so many boats here but we also know that the class deserves that because it is a unique class where the owners really enjoy the regatta, the event and the competition. It is also about the friendship with the other owners; there are a lot of dinners between the owners and they don’t stay separated when they are back on shore."
Currently under construction in Wally’s superyacht division is the third Wally/Cento and a Wally 110, but the last few years have seen Wally Yachts increasingly developing into the motoryacht market. SuperyachtNews.com asks Bassani if the brand is changing its focus. “Yes and no,” he responds. “What does that mean? It means that, for us, the Wally Class is a bit like the Formula One is for Ferrari - it is our flagship. But Ferrari makes its business from the cars and for us it will be mainly from the power boats.
Since Wally’s break with former CEO and investor John Hunt, the company has been actively seeking out new investment, which Bassani claims might not be too far away. “It is no secret that we have had some discussions between a number of shareholders and as usual when you have these kind of problems the company remains [economically] squeezed for a certain period of time,” he admits. “But I think and I hope that we are finally at the end of this period as we are very close to finding new investors.”