Billionaires square up in battle to challenge for America's Cup


FILE PHOTO: Jim Ratcliffe, CEO of British petrochemicals company INEOS poses for a photograph with British Olympic sailor Ben Ainslie, during a news conference to announce the launch of a British America's Cup sailing team in London, Britain, April 26, 2018. REUTERS/Toby Melville/File Photo

(Reuters) - As Britain and Italy go head-to-head for the right to challenge New Zealand for the America's Cup, the teams' billionaire backers will have their colours emblazoned across the hulls and sails of their futuristic "foiling" yachts.

Behind the bold graphics are hundreds of millions which have been sunk into the America's Cup campaigns of Jim Ratcliffe, founder and chairman of chemicals company INEOS, and Patrizio Bertelli, chief executive of luxury goods group Prada.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Others

The Paris Olympics menu: more French, more local, less meat
Olympics-James to headline another US 'Dream Team' in Paris
Olympics-World Athletics prize money move creates problem, says BOA chief
Olympics-Designer Berluti reveals opening ceremony tuxedo for French athletes
Olympics-Opening ceremony in Stade de France only if major security risk, sports minister says
Olympics-With 100 days to go, Parisians grumble about the Games
How green are your trainers? Team Japan kits to have carbon footprint labels
Olympics-Australia have trust in France over Paris Games security
Olympics-Loss of horses a 'sad moment' for modern pentathlon, Davis says
Olympics-O'Keeffe relying on support team after shock U.S. marathon trials win

Others Also Read