Comment on AP source: Bermuda to host 2017 America's Cup

AP source: Bermuda to host 2017 America's Cup

The person spoke on condition of anonymity because defending champion Oracle Team USA, based in San Francisco, hasn't announced the decision. The person said software billionaire Larry Ellison of Oracle Corp. made the decision after consulting with the CEO of his sailing team, Russell Coutts, a New Zealander who also is director of the America's Cup Event Authority. The choice of the British territory is intriguing, from its location at the northern tip of the Bermuda Triangle to the financial incentives that include tax-free status for regatta participants. Before he won the America's Cup in 2010, Ellison, one of the world's richest men with a fortune estimated at $52 billion, spoke of how he wanted to return the silver trophy to the United States after a 15-year absence. According to the U.S.

 

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