Whether the 1992 America’s Cup is in...
Whether the 1992 America’s Cup is in San Diego or Auckland, New Zealand, skipper Dennis Conner will be racing for it.
Conner announced the formation of “Team Dennis Conner,” the syndicate under which he will race for the next challenge, either in Auckland or San Diego, pending an appeal by the America’s Cup Organizing Committee to overturn an earlier court decision that awarded New Zealand the coveted cup.
John Marshall, formerly of Hinkley Boats and who has been Conner’s boat designer in 1987 and 1988, will head the syndicate, which Conner said he hopes will raise up to $35 million through private donations and corporate sponsorships.
According to Conner, other challengers have extensive financial backing. Japan, for example, has two entrants with close to $60 million in funding.
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