The death of Olympic gold medalist Andrew Simpson, who was trapped underwater after the Artemis Racing team’s 72-foot high-tech catamaran capsized and broke apart in a training run Thursday, was precisely the type of incident that critics of billionaire Larry Ellison’s approach to the America’s Cup have feared.
The new boats were selected by Ellison after his Oracle team won the Cup in 2010. Under the race rules, the winners decide where and how the next competition is held.
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An online petition is asking billionaire Larry Ellison to pay for all The City’s costs of hosting the America’s Cup race this fall.
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HONOLULU (AP) — Oracle Corp. CEO Larry Ellison bought a small Hawaii airline Tuesday, less than a year after he bought most of the Hawaiian island of Lanai.
Island Air said in a news release there will no layoffs or other staff changes after its sale to Lawrence Investments LLC, a holding company owned by the billionaire.
Terms of the deal weren't disclosed.
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In order to cover San Francisco’s bill for hosting the America’s Cup, well-heeled donors may be able to affix their names to Port of San Francisco properties used during the race in exchange for a contribution, Mayor Ed Lee said Tuesday.
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The fog rolled in over San Francisco Bay just in time for the match-race qualifiers of the America’s Cup World Series on Wednesday, an event that left Luna Rossa Piranha, Luna Rossa Swordfish and China Team eliminated from the match-race event.
Team Korea, Energy Team, Emirates Team New Zealand and Ben Aisnlie Racing each won their first match races to advance to today’s quarterfinals, while Artemis Racing Red survived the four-team loser’s bracket to claim the final spot.
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More animosity is brewing on the San Francisco waterfront over preparations for next fall’s America’s Cup main event.
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After months of planning, prepping and politicking, the teams for the 34th America’s Cup are now set with boats hitting the water for the first regatta event in 18 days.
The opening races of the 2012-13 America’s Cup World Series to be held Aug. 21-26 will kick off a year of sailing festivities in The City, which culminates next summer with up to 55 days of competition, including the highly anticipated America’s Cup finals in September 2013.
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Loose lips sink ships. That was the lesson city leaders said should be learned from the sudden breakdown of a massive real estate deal tied to the America’s Cup yacht race.
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The America’s Cup yacht race is still coming to San Francisco, but a related $111 million deal to fix some of San Francisco’s rotting piers was cast adrift Monday.
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The group charged with ensuring that San Francisco taxpayers aren’t hung out to dry on costs for the America’s Cup needs to do “significant additional fundraising,” according to a memo released Monday by the Controller’s Office.
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