Oh man, would you guys just decide already?!
The Swiss team Alinghi, current holders of the America’s Cup, and Oracle/BMW are headed back to court yet again. This is like watching spoiled rich kids fight over who gets to ride on the pony first.
We’ve lost track over who said what, and the accusations and recriminations being thrown around. The only thing which seems certain is that the big loser will be Valencia. There’s still no guarantee that the competition will be held here at all.
Source: Valencia Sailing
My feeling is Valencia should just withdraw any effort to get the America’s Cup here. It’s turning into an expensive drama that the city ultimately has no say in. Let the world’s wealthy elite have their playground somewhere else! The harbor could be better used for other things. Granted, we don’t know much about sailing and weren’t here for the 2007 edition… what do you all think?
And as if the possible loss of the America’s Cup isn’t enough bad news, the local paper here recently published an article titled “¿Adios a la Fórmula 1?” The financial crisis and last year’s roundly criticized inaugural Grand Prix are combining to throw doubt on the future of the race in Valencia. It’s just rumor at this point, but the loss of the F1 would be terrible news for the city.
Instead of sporting events for the elite, wouldn’t the city’s money have been better invested in rehabilitating the downtown?