Intro:

Team Vestas Wind on Friday announced bold plans to rebuild their badly damaged boat and return to the Volvo Ocean Race by June.

Script:

SOUNDBITE (English) Chris Nicholson, Team Vestas Wind skipper:

"We were able to get the boat off the reef in better shape than we thought. So the next couple of days, you know, we're sort of sitting there on the edge of the lounge chair waiting for the emails to come in for what that... the extent of the repairs is going to be."

SOUNDBITE (English) Morten Albaek, Team Vestas Wind CEO:

"The ambition is that we are ready to sail out of Lisbon and thereby participating in the last two legs. Of course we dream and hope for more but that's what we are aiming for as a realistic target. I'd also just want to add to what Chris (Nicholson, skipper) said earlier about the team. I have tasked Chris Nicholson to review and assess the team, whether we have the right team to be competitive when we return to the race - it's now a different race than the one that we set out to sail when we embarked on the journey in Alicante - and Chris will conclude upon that during January, and his assessment is one that will be backed 100 per cent by the undersigned."

SOUNDBITE (English) Chris Nicholson, Team Vestas Wind skipper:

"It's really been an extremely difficult few weeks for everybody involved in this project. But now it's almost like we've almost turned a corner and we're able to now go and start the repair process to get back into the race. So that's the best news we've had for an awful long time, and now it's up to us to get back into the race and show what we can do."