Larry Ellison wins latest court battle over America's Cup

Carrie Coolidge
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oracle-founder-wins-latest-court-battle-over-americas-cup

Oracle founder Larry Ellison and Ernesto Bertarelli have a lot in common. They are both billionaires, racing sailors, and, oh yeah, they both want to control where the America's Cup is held when it begins in February 2010.

Ellison's Golden Gate Yacht Club scored a small victory over Bertarelli's Societe Nautique de Geneve on Tuesday in a New York State Supreme Court. According to court documents, Justice Shirley Kornreich ruled that Ras al-Khaimah, part of the United Arab Emirates, where Bertarelli's team has already begun training, is ineligible to host the sailing race.