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MADRID - Alinghi has rejected a proposal from BMW Oracle to resolve their differences over the rules for the next America's Cup and a court case will now go ahead on Tuesday (NZ time), the US team said in a statement.
BMW Oracle, bankrolled by software mogul Larry Ellison, is suing Alinghi over the rules which they say would give the Swiss team an unfair advantage in the 33rd America's Cup due to be sailed in Valencia in 2009.
Alinghi is owned by biotech billionaire Ernesto Bertarelli.
- REUTERS