• Most Popular
  • Most Shared

Alinghi must face BMW Oracle in America's Cup

NEW YORK
Tue Mar 18, 2008 3:48pm EDT

NEW YORK (Reuters) - Alinghi will have to defend the America's Cup against BMW Oracle after a New York judge on Tuesday threw out a request by the Swiss syndicate to reargue a court case between the two.

Sports

BMW Oracle took Alinghi to court last year, arguing that it had chosen an illegitimate yacht club to be its main challenger and that the two had set rules that were unfairly weighted in the Swiss team's favor.

In November, New York State Supreme Court Judge Herman Cahn ruled in BMW Oracle's favor but Alinghi asked to reargue the case because it said there were flaws in the way BMW Oracle had presented its own challenge for the America's Cup, sailing's most coveted prize.

Justice Cahn said on Tuesday he would not reargue the case and refused to rule BMW Oracle's challenge invalid.

Alinghi "has not demonstrated that the court overlooked any relevant fact, misapprehended the law or otherwise mistakenly arrived at its determination," Cahn ruled.

Alinghi said the team would not appeal the ruling and proposed a race with Oracle in July 2009. The next staging of the race was due to be in Valencia, Spain next year.

STIFLING COMPETITION

The ruling means Alinghi will have to race BMW Oracle in huge catamarans with the Swiss syndicate choosing the venue.

The Alinghi crew have already been spotted practicing in catamarans off the coast of Valencia, which hosted the 32nd America's Cup.

Earlier this month, Team New Zealand joined the America's Cup legal battle, suing Alinghi and related parties for breach of contract arguing that when they signed up for the 33rd America's Cup they did so on the proviso it would be raced in 2009 in Valencia.

The Kiwis, who lost last year's Cup race to Alinghi 5-2, are also taking the Swiss to court for stifling competition when they agreed the terms of the next event with CNEV, the Spanish yacht club Justice Cahn has already ruled illegitimate.

After Alinghi and BMW Oracle face off one-on-one for the next America's Cup, other teams would only be able to get back into the racing for the 34th Cup, likely to take place in 2011 at the earliest.

(Writing by Jane Barrett in Madrid, editing by Miles Evans)



More from Reuters

Photo

Tech solutions to climate change

Experts say there is no single answer to solving global warming, but a handful of technologies could be promising. Check out some of the candidates and join the debate.  Full Article 

    Kenneth Feinberg, special master of executive compensation in the Troubled Asset Relief Program at the Treasury, speaks in Washington November 2, 2009. REUTERS/Joshua Roberts

    Pay cuts, round two

    Pay czar Kenneth Feinberg cracked the whip in his latest round of compensation rulings, slimming the salaries of top-tier earners at bailed-out companies.  Full Article 

     The share price index DAX board is seen in front of an emergency exit sign at Frankfurt's stock exchange, October 8, 2008. REUTERS/Kai Pfaffenbach

    "Deflation is with us"

    Fear of the market abyss has faded for investors, but another fear is lurking on the horizon, if not already here.  Full Article