America’s Cup holder could face $200m damages pay-out

A Federal case and New York Supreme Court case that could cost Swiss America’s Cup holder Ernesto Bertarelli US$200m are to be launched today by challenger and former holder Team New Zealand. Bertarelli, his syndicate Alinghi and sponsoring Geneva yacht club are already embroiled in another case which could force Bertarelli to race against Larry Ellison’s San Francisco-based BMW Oracle, in multihulls, later this year.