Sunday, August 31, 2008

Billionaires’ Yacht Rivalry Spills Into Courtroom - NYTimes.com

More hobby fun for Larry Ellison

Poised to skate across the waves off Anacortes, Wash., is a 90-foot, three-hulled wonder-yacht designed to crush its competitors in the next America’s Cup. With a price tag of more than $10 million, it was built for the racing team of Lawrence J. Ellison, the billionaire who runs the software company Oracle.

But Mr. Ellison’s yacht, which launched last week with the swing of a bottle of Mo√ęt & Chandon Champagne, may not get a shot at the prestigious trophy this time around.

Billionaires’ Yacht Rivalry Spills Into Courtroom - NYTimes.com

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