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Alinghi to meet Oracle for talks
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Ernesto Bertarelli, head of defending champion Alinghi, will meet BMW Oracle chief Larry Ellison to try to resolve their America's Cup dispute.
More StoriesOracle offer compramise
The two sides have been waging a court battle for more than a year and further legal delays could drown hopes of holding the 33rd edition of the event in Valencia next year.
Silicon Valley billionaire Ellison, whose team sails under the Golden Gate Yacht Club banner, is poised to file an appeal on Monday against a New York State appeals court ruling that overturned a judgment naming his team as the next challenger.
"They (Ellison and Bertarelli) are meeting on Saturday and we are very pleased it's happening," GGYC spokesman Tom Ehman told Reuters on Friday.
"We hope we can get this out of the courts and back on the water where it belongs. They're meeting in San Francisco, Larry's hometown."
A spokesman for Swiss team Alinghi said in a statement: "We look forward to productive discussions and hope the situation can be resolved soon".
A New York judge ruled in November that BMW Oracle should be the challenger for the next edition of yachting's biggest prize rather than the Spanish yacht club CNEV favoured by Alinghi.
However, that ruling was reversed by a New York state appeals court in July, leaving Alinghi and the Spanish club as defender and challenger of record.
BMW Oracle also said in a letter posted on the GGYC website it preferred a multi-challenger series run under rules similar to those that governed the 2007 races rather than competing head-to-head against Alinghi.
"If we don't get something sorted out the appeal will be heard early next year in the court of appeals in Albany," Ehman said. "But we'll keep trying to resolve this even as we go through the courts."
The America's Cup was first staged in 1851.
Reuters
More StoriesOracle offer compramise
The two sides have been waging a court battle for more than a year and further legal delays could drown hopes of holding the 33rd edition of the event in Valencia next year.
Silicon Valley billionaire Ellison, whose team sails under the Golden Gate Yacht Club banner, is poised to file an appeal on Monday against a New York State appeals court ruling that overturned a judgment naming his team as the next challenger.
"They (Ellison and Bertarelli) are meeting on Saturday and we are very pleased it's happening," GGYC spokesman Tom Ehman told Reuters on Friday.
"We hope we can get this out of the courts and back on the water where it belongs. They're meeting in San Francisco, Larry's hometown."
A spokesman for Swiss team Alinghi said in a statement: "We look forward to productive discussions and hope the situation can be resolved soon".
A New York judge ruled in November that BMW Oracle should be the challenger for the next edition of yachting's biggest prize rather than the Spanish yacht club CNEV favoured by Alinghi.
However, that ruling was reversed by a New York state appeals court in July, leaving Alinghi and the Spanish club as defender and challenger of record.
BMW Oracle also said in a letter posted on the GGYC website it preferred a multi-challenger series run under rules similar to those that governed the 2007 races rather than competing head-to-head against Alinghi.
"If we don't get something sorted out the appeal will be heard early next year in the court of appeals in Albany," Ehman said. "But we'll keep trying to resolve this even as we go through the courts."
The America's Cup was first staged in 1851.
Reuters