Bond to launch cup if N.Z. challenge fails
PATRICK LYONS
NZPA-AAP Melbourne The millionaire busi-. nessman, Alan Bond, said yesterday that he might launch hte own world cup of yachting with a gold cup and an lAustt million prise. Mr Bond, speaking at a Company Directors’ Association lunch in Melbourne, . said he would mount the contest if a New Zealand legal challenge over the America’s Cup failed in the United
States. The Kiwis have resurrected the original deed of gift for the America’s Cup which allows racing by boats of not more than M feet waterline length. These are two to three times the size of modem 12 metre boats which have contested the prestigious Cup in recent times. New Zealand has applied to the New York Supreme Court to uphold the original deed which would allow a 90-foot challenge next year
against the Cup-hoider, the San Diego Yacht Club. Mr Bond, who Mld yesterday that Ben Lexcan was designing a M-foot boat tor his syndicate, said he would launch an Australian wortd cup for competition among these vessels if the legal challenge foiled, He said that the New York Yacht Club, his arch enemy in the days of challenging for the coveted Cup, was supporting the New Zealand challenge.
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Press, 8 October 1987, Page 35
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210Bond to launch cup if N.Z. challenge fails Press, 8 October 1987, Page 35
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