Out and over...

Now that the dust has settled and the ink has dried, I can report to you what AmericaOne decided regarding its participation in America’s Cup 2003.

In early May, after several months of analysis of the environment surrounding the upcoming America’s Cup, I had come to the conclusion that our formula for funding the challenge, through a combination of private and commercial sponsorships, would not allow AmericaOne the chance to win in 2003.

As you will know, over the past few months several all-new challenges have emerged for the 2003 America’s Cup. Four of these are fully funded to in excess of $80M – each. These teams immediately began...

SEE SEAHORSE NOVEMBER 2000 FOR THE REMAINDER OF THIS ARTICLE