America?s Cup Budget Cuts

America S Cup Budget Cuts - Culture, Family, Travel, Consumer Reviews - Posted: 30th Oct, 2008 - 1:15am

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News about boats and boating, including commentary and archival articles published in The New York Times.
Post Date: 30th Oct, 2008 - 1:15am / Post ID: #

America?s Cup Budget Cuts

America?s Cup Budget Cuts
Boating News

America?s Cup teams will cut their budgets by up to 80 percent under plans for sailing?s richest event in 2010 as financial turmoil makes it harder to find sponsors, the Alinghi team owner Ernesto Bertarelli said. Under plans to be discussed by about a dozen prospective teams, syndicates will be allowed a budget between $12.5 million to $25 million, Bertarelli said.
Source: NYT > Boats and Boating

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