KEY POINTS:
The venue and date for the next America's Cup is set to be announced on Thursday (NZ time), Britain's Independent newspaper reported today.
The Independent said the mayor of Valencia, Rita Barbera, will announce on Thursday that the next Cup will take place there in July 2009.
The Cup will coincide with the first running of a Formula One race which will include the America's Cup port in the street track.
- NZ HERALD STAFF
