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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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