Salvatore Sarno: I welcome this week’s NY Court of Appeals ruling.
STATEMENT BY CAPTAIN SALVATORE SARNO
Founder and Managing director of Team Shosholoza
South African America’s Cup Challenger
In response to Thursday’s ruling by the New York Supreme Court of Appeals.
"I welcome this week’s New York Court of Appeals ruling. I am really glad that finally, after almost two years of waiting, there is a decision.
“I think that it is the right verdict and that Alinghi and America’s Cup Management (ACM) made a mistake in accepting the challenge for the 33rd America’s Cup from Spain’s Club Nautico Espanol De Vela.
“Now at last we can move forward, although in my opinion it is out of the question that a multi-challenge America’s Cup can be held in 2010 or even 2011. In fact I don’t think it could be before 2012. We are experiencing the worst economic crisis in a century. We need time to come out of this and time to allow the world to regain confidence in sports sponsorship.
“Maybe in the meantime we will find a good solution to keep the competition alive but it won’t be the America’s Cup.
“In the meantime I will be giving my full attention to staying in command of my ship in order to ride the rough waters until the economic storm is over. And when the sea is calm again I will be ready to lead Shosholoza to new heights!
“I will be looking forward to that,” said Captain Sarno, who is also the chairman of the South African division of Mediterranean Shipping Company. MSC is the second biggest container shipping company in the world.