Bill Koch files amicus brief
The "American barrage" of amicus briefs, filed in support of GGYC's position, continues unabated. After the New York Yacht Club and the San Diego Yacht Club it was Bill Koch's turn to file one, right on the first day of the year.
The arguments Koch's lawyers use in order to discredit the CNEV are practically the same to the ones in the other two briefs, but Koch gives much more emphasis on the financial part of the America's Cup. He argues that a one-sided event with all the cards stacked against the challengers will considerably diminish public interest, creating a vicious circle. The less public interest there is, the less sponsorship money will be available for challengers, making it even harder to mount a serious campaign. As a result, according to Koch, "the world's oldest and prestigious international trophy sport will die".
Bill Koch won the 1992 America's Cup with America3after defeating "Il Moro di Venezia" four to one. He was inducted into the America's Cup Hall of Fame in 1993.
According to Wikipedia, William Ingraham Koch is the son of Fred C. Koch, founder of Koch Industries, a business empire based on oil refining that became the largest privately owned company in America. Bill worked in the company but eventually sold his share to his brothers, Charles and David, after a long legal battle.