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America's Cup Finally Begins, But Excitement For Event Questioned
Published July 14, 2013
Meanwhile, Louis Vuitton is paying the America's Cup $3M "less than originally agreed to sponsor the challenger trials ... because only three teams are entered." America's Cup CEO Stephen Barclay on Friday said that Louis Vuitton's contract "was amended in April when it became clear how few teams would make it to the starting line" (AP, 7/12).