America's Cup delayed
The current uncertainty around the future of the event triggers decision
to postpone plans to hold the America's Cup in 2009
Valencia 22 November 2007 - During the past months, AC Management (ACM), the Société Nautique de Genève (SNG) and the
Club Náutico Español de Vela (CNEV), in conjunction with the competing Challengers, have worked hand in hand to develop
the rules and regulations for an event in 2009. These rules and regulations were agreed by all competitors and supported
by the most recent entrants bringing the number of registered syndicates to eight, with an additional two currently
filing entry documents.
The ongoing uncertainty around the conclusion of the New York court case brought by BMW Oracle Racing (BOR) leaves the
organisers no choice but to delay the event, as many indicators demonstrate a lack of viability to stage the event in
2009 to the same standards as the 32nd America's Cup.
The competitors' entry deadline of 15 December remains valid and for now, ACM, SNG and CNEV await the outcome of the
legal process. If the New York Supreme Court rules that CNEV is valid and BOR chooses not to appeal the decision, ACM
will endeavour to work with the competitors to adapt the existing rules and regulations and put in place a new framework
for an event to take place at a later stage in Valencia.
Should the US Courts rule against CNEV, SNG will accept the Golden Gate Yacht Club Deed of Gift Challenge and meet them
in a vessel, possibly a multihull, in accordance with the terms of the Deed of Gift.
ENDS