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Larry Ellison will establish his own version of the America's Cup «»

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Oracle Team USA owner Larry Ellison intends to establish his own World Series of Sailing regatta. The competition will be run on AC50 winged catamarans. These were the boats used in the last America's Cup «» , in which Oracle lost to Emirates Team New Zealand.

Ellison was clearly unhappy not only with his team's loss, but also with the new protocol for the oldest regatta released by the New Zealanders. The new defenders of Auld Mug decided to return the Cup to its roots by replacing the multihulls introduced by the American team with single-hull boats (though also on foils).

The new match racing series will strongly resemble the «America's Cup» version of Oracle not just because of the boats.

Just like the 35th edition of the regatta, the first leg of the World Series of Sailing will be in Bermuda. Furthermore, the French fashion house Louis Vuitton, title sponsor of the Cup for many years, will provide prizes for the regatta. Recall that with the victory of New Zealand, the French fashion brand was replaced by the Italian one - Prada.

According to the organizers, teams from the United States, Sweden, Japan and France have already announced their intention to fight for the newly-minted trophy. Larry Ellison claims that the event will also raise interest from representatives of other countries. Among the expected participants is two-time Cup winner Italian syndicate Team Alinghi, owned by Ernesto Bertarelli.

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