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AC Cancelled!

Printed From: Yachts and Yachting Online
Category: Multihulls
Forum Name: America's Cup
Forum Discription: Your thoughts on challenges to win the 'Auld Mug'
Printed Date: 06 Dec 21 at 12:33pm
Software Version: Web Wiz Forums 9.665y -

Topic: AC Cancelled!
Posted By: Chew my RS
Subject: AC Cancelled!
Date 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  I have heard, from a very good source,that as a result Alinghi is unable to host the next America's Cup and has withdrawn from it court case with the Golden Gate Yacht Club (Team Oracle).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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Posted By: radixon
Date Posted: 01 Apr 08 at 11:41am

 Blimey, thats a biggy.



Posted By: farc anal
Date Posted: 01 Apr 08 at 11:49am
more like a whopper

Posted By: ASok
Date Posted: 01 Apr 08 at 12:13pm
Well, I doubt that the UBS story is a joke, but the AC being cancelled???


Posted By: FreshScum
Date 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 - the only place to go for news as it happens.

Posted By: Chew my RS
Date 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.

------------- - - The ultimate family raceboat now available in the UK

Posted By: Mark Jardine
Date Posted: 01 Apr 08 at 3:12pm

Interesting day for all this 'news' to come out...

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