Thursday, 14 January 2010

America's Cup: Statement re. Singapore Talks, from Russell Coutts, CEO of BMW ORACLE Racing

by Jane Eagleson

Talks in Singapore to settle major issues ahead of the 33rd America's Cup have broken up. No mutual agreement was reached.

"This is very disappointing and frustrating," commented Russell Coutts, CEO of BMW ORACLE Racing.

"On three separate occasions during the two days talks there was a final draft of an agreement. GGAC was ready to sign. SNG's negotiators were prepared to sign, but it seems they were not given permission."

GGYC would like to thank the negotiating teams - Tom Ehman and Richard Salter for GGYC and Brad Butterworth and Hamish Ross for SNG - for their tireless efforts to reach a solution.

GGYC is also grateful to International Sailing Federation's representative David Kellett and the chairman of the International Jury for the 33rd Match for their helpful involvement in the search for a settlement.

Golden Gate Yacht Club

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