Imminent solution to the America's Cup debacle?
It appears the end of the long and tedious legal battle that has stalled the America's Cup is not as far as most people think, in fact it could be much closer, at least according to information we received on Friday, from sources in Valencia we deem to be reliable.
According to our sources, the meeting that took place between Ernesto Bertarelli and Larry Ellison in San Francisco a week ago was much more than "cordial" or "positive" (two words used by the two teams in their press releases). It appears the two billionaires had more than a simple talk and probably set the foundations for a possible deal which could be formalized before the end of October or during the first week of November.
In fact, always according to the same source, the two men will meet once again during the Friuli Venezia Giulia RC 44 Cup that starts on Tuesday in the Italian city of Trieste. Even if the deal is not finalized there, an important step forward might be taken. BMW Oracle will become the Challenger of Record CNEV will remain the Challenger of Record with a Protocol quite similar to that of the 32nd America's Cup. The Cup will be raced on monohulls, less than 90 feet long, in Valencia, in 2010 or 2011.
We just hope this isn't another of the false alarms we've had in the last 13 months.