Congratulations are in order for Gavin Newsom and the SF Board of Supervisors, who held firm and didn’t give away the farm in their winning America’s Cup bid. The City beat out stalking horse Newport, RI, who did not actually get its 2013 bid out in time, despite having the experience of holding the event throughout much of the 20th century.
72-foot catamarans will be the vessel of choice, and the races themselves will be held at the Golden Gate, with excellent views from North Beach, the Marina, and the Marin Headlands.
The upshot of this is that we’ve now gotten two glimpses into how Larry Ellison makes deals when it comes to his sporting interests. He plays hardball (America’s Cup). He doesn’t overbid (Warriors). And now that he and his partners will be investing $150 million on SF’s waterfront with the idea of ensuring that the event will continue to be held here every three years into the distant future, it seems unlikely that he’ll turn his attention to other potential sports endeavors, namely the A’s. Just in case you’ve forgotten, the sixth richest person in the world has, as part of his day job, gone double-barreled at HP and has also set his sights on just about every other enterprise heavyweight in the tech industry. So for those who want to keep thinking that Ellison will simply head over the bridge and become Oakland’s knight in shining armor, get real. He has other things on his mind.