I'm taking this with a grain of salt until we have more sources or a direct statement from Oracle.From the New Zealand Herald:
Oracle is set to shun the United States and hold the next America's Cup in Europe.
It's understood there isn't the financial willpower in the US to stage the regatta with the State of California broke.
Commentator PJ Montgomery says Larry Ellison is also poised to announce the Cup will not be raced in mono-hulls.
He says we should know in the next couple of months that the America's Cup will be raced in multi-hulls in La Maddalena in Italy.
Montgomery says there could be a small revolution from challengers on Oracle's hands.
He says Team Origin has already indicated it is not interested in multi-hulls.
- NEWSTALK ZB
This from stuff.co.nz:
Veteran New Zealand yachting commentator Peter Montgomery is predicting the next America's Cup will be held in Europe
Larry Ellison and his BMW Oracle Racing team won the cup off Alinghi in a multi-hull best-of-three race off Valencia in February this year and had widely been expected to set up the next regatta around San Francisco.
BUt Montgomery claimed on Radio Sport today that the State of California was broke and the financial clout required to host such an event will come from Europe.
Montgomery predicted the regatta would held in La Maddalena in Italy and will be raced in multi-hulls.
However, Montgomery believes the multihull decision could result in a small revolution from challengers with Team Origin already indicating it is not interested in multi-hulls.
Hat tip to Craig Russell over at H2uh0.
Cross-pollinated at Pressure-drop.us