Valencia to host its second America’s Cup by 2009

26th July 2007, Comments 0 comments

26 July 2007 , VALENCIA – Valencia will host the America’s Cup in 2009, or sooner, for the secondtime running after producing "the best ever" event this year, organisers ACM haveannounced.

26 July 2007

VALENCIA – Valencia will host the America’s Cup in 2009, or sooner, for the second
time running after producing "the best ever" event this year, organisers ACM have
announced.

The decision means Swiss syndicate Alinghi will defend its Auld Mug trophy at the
same site where it won one of the most dramatic finals in the event's history,
American Cup Management president Michel Bonnefous said.

After months of negotiations to host the Cup for a second time, Bonnefous gave the
eastern Spanish city the good news on Wednesday at a press conference at Valencia’s
port.

"We managed to make the last edition the best in its history", he said, praising the
organisation and investment in infrastructure of Spain’s central government and the
regional government and town hall in Valencia.

Spain will pay EUR 105 million to ACM for the 33rd Cup, with the government footing
40 percent of the bill.

At this year’s cup, which ended on 3 July, Alinghi beat Emirates Team New Zealand
5-2.

The Swiss team picked Valencia to host the Cup this year after beating the Kiwis 5-0
in 2003 to return the Cup to Europe for the first time since the inaugural race in
1851. AC Management was the company set up by Alinghi owner and biotech billionaire
Ernesto Bertarelli to run the event.

Bertarelli also announced Team New Zealand as the fourth challenger accepted by
Alinghi for the next race - after South Africa's Shosholoza, Team Origin of Britain
and "challenger of record" Desafio Espanol from Spain.

The next America's Cup could be held before 2009.
Golden Gate Yacht Club, the home of BMW Oracle Racing, last week filed a suit in New
York with the state Supreme Court  - which has jurisdiction to settle all disputes
in the competition.

Golden Gate is seeking to replace Desafio Espanol as the official challenger of
record for the next regatta and void already agreed rules changes to the size of the
boats.

A judge could also force Alinghi to sail against BMW Oracle in a best-of-three
match. That regatta would likely be held next July in Valencia.

The "challenger of record" negotiates the race format and rules with the defending
winner on behalf of all challenging syndicates.

In the suit, Golden Gate claimed CNEV - Desafio's yacht club - was an "invalid
challenger" and that the Swiss yacht club was "engaging in self-dealing" by
accepting the Spanish challenge.

(Copyright AP and EFE with Expatica)

Subject: Spanish News

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