America's Cup Management
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America's Cup Management
{{Unreferenced, date=June 2019, bot=noref (GreenC bot) America's Cup Management was private company formed to oversee the organisation of the 2007 America's Cup, including date, location, media rights, boat design, entry fees and all the key details required to conduct the America's Cup. It was formed by the Alinghi team principal, Ernesto Bertarelli. Alinghi as holders of the America's Cup following their win in the 2003 America's Cup, held the responsibility and benefits of defining the rules and structure for the next event, but much of the work was done in consultation with the ''Challenger of Record''—the Golden Gate Yacht Club and its representative BMW Oracle Racing. America's Cup Management announced on July 5, 2007, that they anticipated a revenue surplus of approximately 30 million euros would be available for distribution to the 11 participating teams to provide the teams some financial continuity and encouragement to plan their participate in the 2010 America's Cup, 33r ...
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2007 America's Cup
The 2007 America's Cup was the thirty-second challenge for the America's Cup and was won by Alinghi in the 7th race. The Cup is the most famous and most prestigious regatta and ''Match Race'' in the sport of sailing. As per the Deed of Gift of the America's Cup the yacht club that holds the Cup is the one that chooses the location for the next challenge to take place. '' Alinghi'', the syndicate representing the Société Nautique de Genève, the winners of the thirty-first edition, are based in Switzerland which is a landlocked country, so ''Alinghi'' put the hosting rights out to a competitive bid process. During a preliminary selection the bids of Barcelona, Palma de Mallorca, Porto Cervo and Elba were eliminated. The four finalists were Cascais (near Lisbon), Marseille, Naples (ITA) and Valencia. On November 27, 2003, it was announced that the venue would be Valencia, Spain. A new building, ''Veles e Vents'' designed by David Chipperfield, was built in the harbour of ...
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