SAN FRANCISCO: San Francisco will be the site of the 2013 America’s Cup, officials said on Friday, with a Silicon Valley billionaire giving the “City by the Bay” its first chance to host sailing’s biggest event. “We sought a venue that fulfils our promise - to showcase the best sailors in the world competing on the fastest boats,” Richard Worth, chairman of the America’s Cup Event Authority, said in a statement. “And hosting the America’s Cup in San Francisco will realise that promise.”
The decision on where to stage the 34th Cup was ultimately up to Larry Ellison, chief executive of software company Oracle Corp , whose BMW Oracle team won the event in races off Valencia, Spain, in February 2010. — Reuters
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