Thursday, 21 June 2007

America's Cup Stakes Future on `David Against Goliath' Regatta in Valencia

(Bloomberg) -- America's Cup challenger Team New
Zealand cadged everything from timber to electrical fittings to
build its training base in Valencia, Spain. Defending-champion
Alinghi had no such problem: it had enough cash for a basketball
court and roof terrace.

``Financially, it's David against Goliath,'' Grant Dalton,
Team New Zealand's managing director, said as the teams prepared
to vie for sailing's most-prestigious prize in a rematch of their
2003 contest in Auckland.


Read more at Bloomberg Exclusive News

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