America's Cup Defender Alinghi held the fourth in its series of competitor meetings at the team's base in Valencia to continue work ahead of a planned multi-challenger event in 2010.
After considering various options, talks over the past two days between Alinghi, the Defender of the America's Cup, Club Náutico Español de Vela (CNEV), the Challenger of Record, and the rest of the challengers have resulted in a firm commitment for the Challenger Selection Series and the 33rd America's Cup Match to take place in 2010 in the new class of boat currently under development by the group and due to be made public on 31 January.
The group also decided that the two pre-regattas scheduled for 2009 are to be compulsory for all entered teams, regardless of the expected court decision in New York.
The Defender informed the group that negotiations with the Spanish authorities to confirm Valencia as Host City are well advanced and should progress further at an upcoming meeting with the Central Government in Madrid.
Grant SIMMER, Alinghi design team coordinator, commented: "The general comment among the teams is that we are progressing well in the working process towards defining the terms and rules for a multi-challenger 33rd America's Cup. We all think that we should agree as many details as we can on the event in 2010 and on the pre-regattas for 2009 and try to reduce the number of uncertainties. If the existing court decision which ruled CNEV valid is confirmed by the Court of Appeals, the plans are in place and we can quickly move forward."
Despite the progress made in the competitor meetings, the 33rd Cup is still cloaked in the uncertainty, with the outcome of legal case brought by the Golden Gate Yacht Club (GGYC) against the CNV still unknown. The case is set to be heard in New York on 10 February 2009, with a decision likely within one to two months. If the GGYC win their appeal, a best-of-three match between Alinghi and BMW in giant multihulls, governed by rules in the Deed of Gift, is likely to decide the 33rd America's Cup. If the CNV win, the Cup will go on following the proposals above.
The next round of 33rd America's Cup Competitor Meetings will take place in Valencia in March.
The teams present at the meetings were: Alinghi (SUI), Desafío Español (ESP), Shosholoza (RSA), TeamOrigin (GBR), Team New Zealand (NZL), DCYC (GER), Green Comm Challenge (ITA), Ayre Challenge (ESP), Victory Challenge (SWE), Argo Challenge (ITA), Mascalzone Latino (ITA), Team French Spirit (FRA), Luna Rossa (ITA), Russian Challenge (RUS), Italia (ITA), K-Challenge (FRA), Greek Challenge (GRE) and Dabliu Sail Project (ITA).
Click here for all the news on the 33rd America's Cup