28 January 2001, UK - It's historic, it's brash, it's riddled with politics
and it eats up huge dollops of cash. It is the America's Cup, one of the
strangest events in the sporting world, and Britain is back in the big game
for the first time since 1986.
Into this minefield steps Peter Harrison, who has found his own
excitement on the back of a racing yacht. But, even with a personal worth
of £200m to £300m, he is in the small-change league
compared with the Oracle computer boss Larry Ellison, Telecoms Mogul Craig
McCaw, Swiss pharmaceuticals billionaire Ernesto Bertarelli and Italy's
Prada fashion-house boss Patrizio Bertelli, who will spend up to $100m each.
Harrison is expected to spend up to $15m.
The syndicate has bought the two yachts from the 1999-2000 Nippon
Challenge and is expected to announce that at least two of the Japanese
design team will establish British residency to allow them to work
alongside the British group.
Most importantly, flanked by his skipper, the double silver medallist Ian
Walker, Harrison will be wanting to emphasize modest goals for the first
outing in 2002-03 of what is meant to be a long-term campaign.
Mike Turner, Independent, UK.
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