The America's Cup in Valencia in July 2007. It is likely that a multi-challenger event would be held in Valencia, but the Court ruling means that if there is no agreement regarding a multi-challenger event then a Deed of Gift challenge would have to take place in the southern hemisphere. Image copyright Ivo Rovira/Alinghi.
"Since CNEV has failed to show that at the time it submitted its Notice of Challenge it was a '[c]lub fulfilling all the conditions required by' the Deed of Gift, it does not qualify as the Challenger of Record for the 33rd America's Cup competition and [the] Supreme Court was correct in declaring GGYC to be the valid Challenger of Record. It has been posited that the right to act as trustee of the America's Cup should be decided on the water and not in a courtroom. We wholeheartedly agree. It falls now to SNG and GGYC to work together to maintain this noble sailing tradition as 'a perpetual Challenge Cup for friendly competition between foreign countries.'"
New York Courts
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