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American Cup syndicate balks at race site

In a press release issued Thursday, the Golden Gate Yacht Club, sponsor of the only U.S. America's Cup syndicate, BMW Oracle Racing, announced it has requested the New York Supreme Court to reject Ras al-Khaimah in the United Arab Emirates as the venue for the 33rd America's Cup and replace it with Valencia. The Spanish city hosted the 32nd America's Cup in July 2007.

Click here to read the full statement.