And the America's Cup goes back into the courtroom...

The Venezia Challenge is taking the America's Cup to court. They feel that the AC authorities have not held up their side of the deal and they may well have a point. You decide. Below is the statement from Venezia Challenge:

Following the decision by Golden Gate Yacht Club to exclude Venezia Challenge from the 34th America’s Cup, the company headed by Carlo Magna and Emanuela Pulcino declares that it has initiated procedures to obtain compensation for the damages caused by the incorrect application of the Protocol. Underpinning the decision to act:

• ACEA (America’s Cup Event Authority) has caused significant damages by supplying false information and documents.
• ACRM (America’s Cup Race Management) has not met its obligations: contractual timings were not respected, invoices were issued in contradiction with contractual agreements, obligations with respect to delivery and assembly of the AC45 yacht were not met.
• GGYY (Golden Gate Yacht Club), without ascertaining that there had been a legitimate resolution of the contractual relationship , excluded Venezia Challenge announcing the exclusion publically and thereby adding to the unjust damages caused by ACEA and ACRM.

Carlo Magna: “We worked intensely for almost two years to bring Venezia Challenge on the water, not in the court room. Given the current state of affairs, however, the courtroom appears to be the road we are forced to undertake. Now we intend to concentrate ourselves on safeguarding, both in the legal domain and in the sporting one, the effort of all those who have worked on this project, to keep this dream alive.”