Compagnia della Vela Compagnia della Vela is a yacht club in Venice , in northern Italy . The club was the "Challenger of Record" for the 1992 America's Cup , where they were represented by their team Il Moro di Venezia , and won the 1992 Louis Vuitton Cup .History Founded on March 15 , 1911 as a Venetian Yacht Club , among its members it included Gabriele d'Annunzio who, in a message dated 1919, inspired the new name "Compagnia della Vela" and the motto Custodi Domine Vigilantes ; the club uses the initials "CDV." With the patent of December 1933 , the King of Italy , Vittorio Emanuele III , granted the Company the privilege to display the Royal Coat of Arms , in addition to the honor of bearing the National War Flag and being renamed the Royal Company of Sailing . Taking the current name of Compagnia della Vela at the advent of the Republic of Italy in 1948, to date the social guidone consists of a white cross on a red field, with a green canton filling the upper quarter at the hoist. In 1990 the Compagnia della Vela received from the Italian National Olympic Committee the :it:Stella al merito sportivo|Silver Star for sporting merit. In 1995, the CONI awarded the Compagnia della Vela their Gold Star for sporting merit. In 2012 the Compagnia della Vela received the Golden Collar for sporting merit.Il Moro di Venezia V won the 1992 Louis Vuitton Cup , the competition among all potential challengers --in 1992, eight competing teams from seven nations-- to become the sole challenger for the America's Cup . However, despite being favourites, they were unable to win the 1992 America's Cup.
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