Sunday, October 18, 2009

Uncertainty Prevails Over America's Cup - WSJ.com

Meanwhile, in one of Larry Ellison’s spare-time pursuits…

Whether the race will actually take place here on time -- or at all -- is still uncertain. BMW Oracle Racing, the team challenging in the two-boat match race, has gone to court seeking to disqualify Ras al-Khaimah as the venue. In a filing in New York Supreme Court, lawyers for BMW Oracle say the city state, one of seven emirates that make up the United Arab Emirates, doesn't comply with the 19th-century document that governs the cup.

BMW Oracle's chief, software mogul Larry Ellison, is also arguing Ras al-Khaimah, less than 100 miles from Iran, could be a security threat for an American challenger. His team, meanwhile, questions the emirate's preparedness to host the event.

Uncertainty Prevails Over America's Cup - WSJ.com

Post a Comment