Saturday, December 29, 2007

GGYC Now Committed to Deed of Gift Challenge

[Source: Golden Gate Yacht Club] Valencia, Spain – 29 December 2007: The Golden Gate Yacht Club (GGYC) said today it will compete for the next America’s Cup according to the basic rules of the Deed of Gift, and will seek to have an upcoming Court Order confirm the regatta for October 2008.

“It is time to move on and know where we stand,” Russell Coutts, CEO of the club’s BMW ORACLE Racing team, said.

“We had hoped to negotiate a conventional regatta under the Deed’s mutual consent provisions. But the Defender has made it clear to us and the America’s Cup community that they will not negotiate. We are now fully committed to a multihull event in 2008.

“If we are able to win, and Valencia and Spain are supportive, we would return to a conventional America’s Cup regatta in Valencia in 2011 with fair and transparent rules agreed with the challengers by mutual consent,” he said.

On January 14th the New York State Supreme Court will review the Court Order to give effect to its November 27th ruling in favor of the GGYC. The club wants to have the Deed of Gift regatta as soon as possible and has asked the Court to provide for this.

The club has made a number of attempts before and since the Court’s November 27th ruling to negotiate a conventional regatta, but the Defender has declined on each occasion to take up these offers.

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At 5:29 PM, Anonymous Anonymous said...

I do not believe BOR have changed their mind. this is what they have always intended! shame on you! BOR couldn't care less about other challengers!!

At 9:49 PM, Blogger Joe said...

Then why did they spend so much time trying to negotiate a fair trial within the framework of the existing rules? Alinghi should just go create the Geneva Cup and run it the way they want - and stop trying to corrupt the Grand Auld Mug!

At 1:52 PM, Anonymous Anonymous said...

why didnt BOR just accept not being the king of all challengers? what happened after the law suit was simple acting happy for the press. it is not a secret that ellison had already designed his multihull instead of the proposed AC90. openly acting friendly to have everyone on your side when actually working on a completely different project... hmm. who is being corrupt here?

At 10:00 PM, Blogger Joe said...

For the sake of argument, lets say you wanted to have your own "cup' race. When you set up the rules, to begin with, you might set it up so that if - god forbid - you ever lose the cup, you might have first crack at getting it back - no? That's what the deed does... it gives the Americas' the chance to keep what they've lost and try not to lose it again! I don't know a soul who's clamoring for a multi-hull race, but I know a lot who want to get the cup back.


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