Ten points of solution in America's Cup impasse

9:58 PM Fri 14 Nov 2008 GMT

'Larry Ellison, owner of BMW Oracle Racing (left) with Russell Coutts, his skipper and CEO, here sailing as his tactician' BMW Oracle Racing &copy

BMW Oracle Racing have released to Sail-World the previously confidential ten points of issue and their solutions which would see the current legal action dropped and the multi-challenger America's Cup event sailed in 2010.

With the exception of point 10, BMW Oracle Racing note that they are based on the points negotiated with the other Challengers in December last year, and reflect further concessions since offered....

1. Once the changes to the Applicable Rules are completed as per this letter, any further changes to Applicable Rules governing AC33 shall be mutually agreed between Defender and the Challenger of Record (subject to the next point).

2. All Challenger of Record decisions, including agreeing the ACC Rules, Event and Competition Regulations, shall be made by majority vote of the Challengers in a Challenger Commission, one vote per team, including the COR who also has one vote, except that material amendments to the Protocol, Event Regulations or Competition Regulations, once agreed and issued, can be made only by unanimous vote of Competitors.

3. The current Arbitration Panel shall be dissolved and a new Arbitration Panel shall be appointed comprised of five members; SNG and the Challenger Commission shall each appoint two members, and the other four shall select the fifth member.

4. The Defender can race in the Challenger Round Robins, Challenger Sail-Off and
Challenger Secondary Series. The Defender cannot sail in the Challenger Semi Finals and Final. Larry's letter of 17 October 2008 to Ernesto offered several options in this regard, which we stand by.

5. The 'Fair Competition' clause (2.3 of the Protocol) shall be expanded to include the Officials, Sailing Jury and Arbitration Panel.

6. The Defender and Challenger of Record shall jointly appoint a Regatta Director who shall be responsible for ensuring fair races are conducted in accordance with the terms of the Protocol. The Regatta Director shall have the same powers as for the last America's Cup (he or she appoints/manages race committee, appoints measurement committee, umpires, and other officials as needed, prepares and publishes Notice of Race and Sailing Instructions).

7. Entries from AC32 challengers shall be accepted and not thereafter disqualified provided continued compliance with the rules, and then only by the Arbitration Panel.

8. AC33 shall be held in Valencia with AC32 teams retaining their bases if they desire. In addition, the format and Schedule to be published by ACM ahead of time and not to be altered without consent of affected Competitors.

9. Each Challenger and the Defender may be limited to building only one new boat. As a result of this change, and as consideration for allowing the Defender into the Challenger selection series, there can be no Defender selection series.

10. There shall be no restrictions on Competitors' sponsors nor any control by the Defender or ACM over Competitors' sponsors beyond the traditional restrictions (e.g.,no tobacco). Moreover, ACM shall not ambush existing team sponsors, and if ACM secures an Event sponsor that conflicts with a major sponsor of a Competitor, that Competitor shall be under no obligation to display ACM sponsor logos on its yacht, base or team gear or otherwise promote or associate with such Event sponsor.

by BMW Oracle Racing

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Ten points of solution in America's Cup impasse

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