money back guarantee!
It gets worser and worser…
Louis Vuitton, the posh French retailer that has been a primary financial backer of the competition, wants $3 million refunded because so few teams have entered. Louis Vuitton’s initial sponsorship was for $10 million, according to an America’s Cup source.
Its contract was based on at least eight teams taking part in the Louis Vuitton Cup, a round-robin playoff to determine which team will ultimately sail against Oracle Team USA in the America’s Cup championship. Read on at the SF Business Times….
July 11th, 2013