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America’s Cup drama: Ellison threatens to move venue

Larry Ellison, the billionaire co-founder and CEO of Oracle and financial backer of the winner of last year's race, gets to decide where the next America's Cup sailing race be held.

Last year's race, which featured one of the most exciting comebacks in the race's 162-year history, was held in the San Francisco Bay not far from Oracle's headquarters in Redwood City, Calif.

Now, after San Francisco taxpayers spent $20.7 million to host the race, Ellison's race team is hinting that he might move the Cup to another locale, like San Diego or Hawaii, near the Hawaiian island that Ellison owns, Lanai.

Click here for the full report by the San Francisco Chronicle.