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All Press Releases for September 23, 2008 Subscribe to this News Feed    
 

Golden Gate Yacht Club Renews Offer to Return the Americas Cup to the Water

Seeks Multiple Challenger Regatta Under Fair Rules Similar to 2007 Competition

GGYC Will End Court Action Immediately if Defending Club Accepts Offer

SAN FRANCISCO (Business Wire EON/PRWEB ) September 23, 2008 -- The Golden Gate Yacht Club (GGYC) announced today that it has formally renewed its offer to end its legal battle over the next Americas Cup if Société Nautique de Genève (SNG) agrees immediately to stage the 33rd edition as a conventional, multiple challenger regatta under rules similar to those that governed the event in 2007.

Marcus Young, the GGYC Commodore, made the offer in a letter to Commodore Pierre-Yves Firmenich and Secretary General Alec Tournier of SNG, the Swiss club of the 2007 Americas Cup winners, Team Alinghi.

News Image Commodore Youngs letter was in reply to a letter from SNG on September 8 outlining potential grounds for further legal action.

An Offer to Put the Americas Cup Back On Course

If you would agree to immediately support a conventional multi-challenger Americas Cup regatta in Valencia that would include GGYC and be conducted under rules like the ones in the 32nd Americas Cup, then we will dispose of the current lawsuit and avoid a match in multi-hulls (which GGYC did not desire in the first place), the letter said.

If you choose to continue the litigation route, then when we win in the Court of Appeal we will still seek through the mutual consent process a multi-challenger event similar to the 32nd AC and only revert to a match against you in multi-hulls when and if you decline to accept a multi-challenger event similar to the 32nd AC.

In renewing GGYCs offer to settle now, Tom Ehman, the clubs spokesman, said the club wanted to make it clear that the offer was still on the table even though the club has launched its new multi-hull boat.

We believe this is a very simple solution and we hope the defender will give it serious consideration. In the interests of staging a multi-challenger regatta that can be won fairly and squarely by the best sailors in the best boat, I urge you to accept our good-faith offer to put the Americas Cup back on course.

Scroll down on the following link to see an informative video with Tom Ehman, BMW Oracle Racings spokesperson, speaking about the sham Challenger of Record, Alinghis unfair and anti-competitive protocol, and the threat to the Americas Cup posed by Ernesto Bertarelli: http://www.zerogradinord.net/.

See the original story at: http://eon.businesswire.com/releases/golden_gate/gate_yacht/prweb1376954.htm

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CONTACT INFORMATION

Jane Eagleson
Jeagleson@bmworacleracing.com
Mobile: +34-6202-80742
USA: 201-887-8184

For U.S. Media:
Lisa Wolford
lwolford@rlmnet.com
Office: 646-805-2014

ATTACHED FILES

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BMW Oracle Racing In Action (Photo: Business Wire)

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BMW Oracle Racing In Action (Photo: Business Wire)

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BMW Oracle Racing In Action (Photo: Business Wire)

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