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Press release below. Chris Bangle was not invited to design the America's cup boats, wonder why! :lmao:

Under the name of "Oracle BMW Racing", the America's Cup Challenge lead by
Oracle Corporation CEO, Larry Ellison, collaborates with the internationally
successful automotive group, BMW to compete for the first time in the world's most
important sailing event - The America's Cup.

The "Oracle BMW Racing" team derives from two organizations that regard
excellence and innovation as prerequisites to success, and the spirit of this team is
encapsulated in that very same ethos.

Both parties were very motivated following the signing of the contract. "High
performance sailing is now the third strong pillar of our sporting commitment in
addition to Formula 1 racing and our involvement in golf. In Oracle Racing we have
found a partner which embodies the most modern high-tech, the highest quality
demands and the constant provision of the most innovative solutions in the same
way as BMW does", according to Karl-Heinz Kalbfell, Senior Vice President
Marketing of the BMW Group, which was able to ensure that the year 2001 was the
most successful financial year in the company's history.

Oracle BMW Racing Chief Operating Officer, Bill Erkelens remarks, "We are very
pleased to have the innovation and competitiveness of BMW behind our campaign for
the America's Cup. Their support not only speaks well for our team but is a great
asset to the sport of sailing."

Commencing on 1 October 2002 the "Oracle BMW Racing" team will take part in the
Louis Vuitton Cup elimination races for the America's Cup. In Auckland, New
Zealand the team will be faced by eight top quality rivals. The winner of the Louis
Vuitton Cup will challenge Team New Zealand, the current Cup defenders in February
2003. Team New Zealand won the last America's Cup in 2000, which was first raced
in 1851.
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