Thursday, April 02, 2009

Larry Ellison wins in court over the America's Cup 33

A New York court Thursday backed American team BMWOracle over the Swiss champions Alinghi as an end to a long-running legal fight that could now mean the next America's Cup will be a duel between the two clubs in multihull boats.
The New York Court of Appeals overturned a ruling last year that backed, Club Nautico Espanol de Vela (CNEV), a Spanish club as the official Challenger of Record for the next edition of yachting's premier event.
BMWOracle, owned by American billionaire Larry Ellison, will now replace the Spanish club as the Challenger of Record, giving it the right to help organise the next America's Cup with defenders Alinghi.
"We're very pleased with today's decision by the New York court," Oracle spokeswoman Jane Eagleson told AFP. "We're carefully studying the decision and expect to have more to say in the next few days."
Alinghi's spokeswoman said the club would issue a statement later Thursday.
Oracle now has the right to demand the next America's Cup be a best-of-three duel with Alinghi in multihull boats, rather than the traditional regatta involving several teams, but the US team has said it is willingto negotiate with Alinghi to reach a deal on a traditional regatta, and the court in its ruling even called on them to talk with the Swiss champions to settle terms.

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