Capital Yachts Corporation had its origin in 1971, when it current owners Jon Williams and Bill Smith bought only the tooling
of the Newport Fleet from Elgin National Industries, (a New York based firm). Together, with the aid of two top Naval architects,
Gary Mull and Cuthbertson and Cassian C & C), they formed a new and updated fleet of Newport sailboats which are presently
manufactured at their privately owned plant in Harbor City, California. Prior to this, Bill and Jon had an excellent foundation
for manufacturing sailboats, both had been selling sailboats as retail dealers for the past nine years in the Greater Santa
Monica Bay area. They were well versed in their field. Each did his own racing, commissioning, and warranty repair as a retail
dealer. They were both sailing and selling Newport Sailboats. Elgin National Industries elected to withdraw from sailboat
manufacturing, for reasons of their own. "It is easy to build an expensive boat but few people are willing to pay the
price." And those that do often times mislead by the fancy ad or brochure they have read. Jon and Bill saw a real need
for a quality line of sailboats with hand laid hulls and decks, lead keels, heavy duty rigging and hardware, and interior
designs for extended blue water sailing at a low, fair market price. (It is a known fact that many Newport owners have sold
their boats for more than they originally paid for them new and used.) In the beginning the odds were heavily against them,
but due to their great desire and vast experience and with the aid of their banker, Sandy Greenberg, they entered into the
sailboat manufacturing business. As it turned out, all of their production is presold, with a large and steady backlog.
The Newport Fleet's impressive record of race wins and its sizable list of enthusiastic owners tells the rest of Capital Yachts'