AC Cancelled!

   Alinghi's primary sponsor, the Swiss bank UBS, has had to write-off an extra $20 Billion today as a result of the sub-prime credit crunch.  See BBC item here.  This is in addition to the $18 billion it had already written off.  I have heard, from a very good source,that as a result Alinghi is unable to host the next America's Cup and has withdrawn from it court case with the Golden Gate Yacht Club (Team Oracle).  There is no America's Cup!

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Chew my RS Send Private Message Find Member's Posts Visit Member's Homepage Really should get out more Joined: 05 Oct 05 Location: United Kingdom Online Status: Offline Posts: 790	Post Options Post Reply Quote Chew my RS Report Post Quote Reply Topic: AC Cancelled! Posted: 01 Apr 08 at 11:13am
	Alinghi's primary sponsor, the Swiss bank UBS, has had to write-off an extra $20 Billion today as a result of the sub-prime credit crunch. See BBC item here. This is in addition to the $18 billion it had already written off. I have heard, from a very good source,that as a result Alinghi is unable to host the next America's Cup and has withdrawn from it court case with the Golden Gate Yacht Club (Team Oracle). There is no America's Cup!
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radixon Send Private Message Find Member's Posts Really should get out more Joined: 27 Oct 06 Location: United Kingdom Online Status: Offline Posts: 2407	Post Options Post Reply Quote radixon Report Post Quote Reply Posted: 01 Apr 08 at 11:41am
	Blimey, thats a biggy. Gulp

farc anal Send Private Message Find Member's Posts Visit Member's Homepage Groupie Joined: 11 Oct 07 Location: one stop short of Tooting Online Status: Offline Posts: 54	Post Options Post Reply Quote farc anal Report Post Quote Reply Posted: 01 Apr 08 at 11:49am
	more like a whopper

ASok Send Private Message Find Member's Posts Really should get out more Joined: 26 Sep 07 Location: United Kingdom Online Status: Offline Posts: 739	Post Options Post Reply Quote ASok Report Post Quote Reply Posted: 01 Apr 08 at 12:13pm
	Well, I doubt that the UBS story is a joke, but the AC being cancelled???

FreshScum Send Private Message Find Member's Posts Groupie Joined: 27 Apr 04 Online Status: Offline Posts: 99	Post Options Post Reply Quote FreshScum Report Post Quote Reply Posted: 01 Apr 08 at 1:10pm
	Luckily Alinghi have been bought and are now sponsored by McLaren! Team McLaren will represent the SNG, the Cup is back on. The top story on www.sailinganarchy.com the only place to go for news as it happens.

Chew my RS Send Private Message Find Member's Posts Visit Member's Homepage Really should get out more Joined: 05 Oct 05 Location: United Kingdom Online Status: Offline Posts: 790	Post Options Post Reply Quote Chew my RS Report Post Quote Reply Posted: 01 Apr 08 at 1:48pm
	Blast! For one second I dreamt of an end to the d!ck waving contest formerly known as the America's Cup . SA's blocked from my work PC so, of course, I'll just have to take your word for it. Edited by Chew my RS
	http://www.sailns14.org - The ultimate family raceboat now available in the UK

Mark Jardine Send Private Message Find Member's Posts Visit Member's Homepage Admin Group Joined: 12 Mar 04 Location: Milford-on-Sea, United King Online Status: Offline Posts: 1028	Post Options Post Reply Quote Mark Jardine Report Post Quote Reply Posted: 01 Apr 08 at 3:12pm
	Interesting day for all this 'news' to come out...