Team Oracle Hires Airbus To Build Flying Yacht

(Bloomberg) To defend sailing’s oldest trophy, billionaire Larry Ellison’s Oracle Team USA is enlisting help from European planemaker Airbus Group SE. The pairing isn’t as unlikely as it might seem. The catamarans facing off this weekend at a preliminary round of the America’s Cup use hydrofoils to lift their hulls out of the water and fly along at more than 50 miles (80 … [Read more...]

Arrest of Oracle’s America’s Cup Racing Yacht Called Off

By Pamela MacLean (Bloomberg) -- Defending America’s Cup champion Oracle Racing Inc. avoided the impoundment of one of its sailboats in a dispute with a sailor who claims he was wrongfully thrown off the team. The sailor had used maritime law to win a court order prohibiting the AC45-class racing catamaran from being moved while he sought pay for his termination. A … [Read more...]

Larry Ellison Is Destroying the America’s Cup: Jonathan Mahler

(Jonathan Mahler is a sports columnist for Bloomberg View. He is the author of the best-selling “Ladies and Gentlemen, the Bronx Is Burning” and “Death Comes to Happy Valley.”) By Jonathan Mahler June 6 (Bloomberg) -- After Larry Ellison finally took possession of the America’s Cup in 2010, he had grand plans for the race. He would … [Read more...]