Tuesday, November 27, 2007

Statement from Alinghi, SNG and AC Management

Today’s decision against the validity of the Club Náutico Español de Vela (CNEV), the Challenger of Record, is a disappointment to the Société Nautique de Genève (SNG), AC Management (ACM), Alinghi and the seven entered Challengers affected by the outcome.

There will now be a thorough review of the Judge’s decision and an analysis of the various options offered by the Deed of Gift.

Ernesto Bertarelli, President of Alinghi, says: “We are disappointed that a technicality made the CNEV invalid and we are now looking forward to discussions with the Golden Gate Yacht Club to keep the America’s Cup functioning.”

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