Dear Commodore Young,
I am writing further to our latest correspondence.
We understand that GGYC has again requested the Court to address the issue of Alinghi’s compliance to the rules of the Deed of Gift.
Although we do regret that the America’s Cup future seems to be once again
dependent on a legal dispute, we remain confident that, in your fiduciary role as the
Challenge of Record, you will commit to go back in the water to return the America’s Cup
to its original intent.
You have actually greatly contributed as a Challenger of Record to the 32nd
Americas’ Cup to as to make that event the milestone in the history of the competition and
you have subsequently consistently committed the GGYC to be open to a multi challenge
event.
In the light of the above we wish once again to bring your attention to our request to
take part to a Challengers’ Selection Series in relation to 33rd America’s Cup, as we have
already indicated in our letters of May 22 and May 27, 2009.
All the conditions and pre-requisites which you have indicated, have now actually
been duly filled and occurred, and from the lack of your reply, we can only reasonably
assume that you share this opinion.
We do therefore expect you to follow up with your previous statements in favour of
a multi challenge event (statements that have also been repeated in Court at the hearing
of May 14, 2009) and proceed accordingly without any further delay.
As I am sure, you will appreciate we have already been uselessly waiting for more
than two months to engage in a formal discussion with you and we have even made
ourselves available to travel to the Bay area to meet you at your convenience.
The present standstill has already created a status of uncertainty and the more time
elapses without action on your side, the more difficult it will make it for us to build up a truly
competitive challenge.
Therefore we wish formally to request you once again to meet without further delay
and to start working on a Challengers’ Selection Series project. On this regard we wish to
let you know that Francesco De Leo, Executive Chairman of Green Comm Challenge will
be in the West Coast from July 26th through August 27th .
As a matter of fact, we expect that on July 21, when attending the Court hearing,
you will be addressing this issue as well, while sorting out your position vis-à-vis Société
Nautique de Genève (to whom we are sending copy of this letter for their information).
We look forward to receiving your kind reply.
Your sincerely,
Lorenzo Rizzardi
President
Circolo di Vela Gargnano
