Larry Ellison wins the America’s Cup against all odds

“For Larry Ellison, the only thing better than winning the America’s Cup is winning it against all odds,” Noel Randewich reports for Reuters. “Ellison’s Oracle Team USA was within an inch of losing the world’s oldest international sporting trophy to Emirates Team New Zealand just a week ago, only to come back on Thursday with the eighth straight race it needed to retain the Cup.”

“The epic battle over the past few days has been a major vindication of the Silicon Valley entrepreneur’s much-maligned vision of how to modernize the competition,” Randewich reports. “For months ahead of September’s 34th America’s Cup finals, Ellison, known for his brash personality and aggressive business tactics, weathered near-constant criticism over the cost, complexity and potential dangers of the 72-foot catamarans he chose for the event.”

Randewich reports, “Emirates Team New Zealand spent about $100 million on its failed America’s Cup campaign, and while Ellison refused to comment on suggestions he spent much more than that, he agreed that costs must be brought down in order to attract more challengers to future regattas.”

Read more in the full article here.

MacDailyNews Take: Crazy Larry strikes again!

37 Comments

  1. Larry Ellison won? Seriously? His team had an open invitation to a Kiwi ass-kicking, losing 8-1, until they brought in British Olympic multiple gold-medal winner Sir Ben Ainsley as tactician. At which point the team won eight races on the trot.
    It was Sir Ben who won the cup, for America, and sod-all to do with Ellison, other than his decision to try to avert a complete disaster on his watch, by recruiting Sir Ben.

    1. Wrong! Ainslie did NOT win this cup; not even a decider. He WAS better than the local #SF tactician! But this race was won at night, by the shore crew.

      ETNZ ran out of money; NZ’s public $36M was exhausted and the private funds on Emirates, etc, had little incentive past 8 wins to push in more. In fact, you could argue that it was MORE beneficial for Emirates to NOT improve their boat after winning 8 races; (think about it…130′ “Fly Emirates” flag for X more days…)

      OTUSA had endless (Larry) pockets and a different motivation. “USA” won this at night. They went from not being able to compete to not being beatable w/in a week or so…

  2. From the very beginning, America’s Cup racing has been about technology. That tradition continues.

    Team Oracle was down eight races to one, picked themselves up off the mat, made a few improvements to the boat, shuffled tacticians and the rest is history.

    Congratulations to Team Oracle.

  3. Oracle didn’t win because they were crazy, they won because they had more money to spend on better technology. They also had a very good team, a great skipper and a talented tactician and a faster boat.
    We gave it everything we had but that wasn’t enough.

  4. If Ellison’s team had not been caught cheating in warm up regattas in 2012 — when they were found to have added extra weight to their boat — the moment of victory might have come sooner for Oracle Team USA. Because an international jury slapped the U.S. team with a two-point penalty, they were forced to win 11 races rather than the nine that would have given Emirates Team New Zealand the cup.

    Read more: http://www.nydailynews.com/sports/more-sports/oracle-team-usa-completes-historic-america-cup-comeback-article-1.1467496#ixzz2g2LnhIh3

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