America's Cup: 'New Deal' Protocol sent to teams for comment

8:55 PM Wed 23 Jun 2010 GMT

'Russell Coutts and Larry Ellison have delivered on their commitment to a New Deal for the 34th America’s Cup' BMW Oracle Racing &copy Photo Gilles Martin-Raget Click Here to view large photo

In a joint initiative by the defender, San Francisco's Golden Gate Yacht Club and the Challenger of Record, Italy's Club Nautico di Roma, a draft of the Protocol rules for the 34th America's Cup was sent to the challenging teams today for comment. Foremost amongst numerous innovations is a forward-thinking structure that allows funds and assets to transfer from one America's Cup to the next. The draft is a 'listening and living' document. Teams have been invited to comment and, contribute to its final form. This follows an already unprecedented level of cooperation with the Challenger of Record and a ...

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by America's Cup Media