Alinghi, in last appeal, makes its case for RAK



NEW YORK // The reigning America's Cup sailing champions, Alinghi of Switzerland, argued in a New York court on Wednesday that it should not be deprived of its right to face its American challenger, BMW Oracle Racing, in Ras al Khaimah. The Swiss team asked New York Supreme Court's Appellate Division to overturn a lower-court ruling that RAK was ineligible to host the showdown beginning on February 8 because the 19th-century Deed of Gift, which governs the competition, prohibits racing in the northern hemisphere between November 1 and May 1.

Alinghi also asked that competition be delayed until May if the court does not reinstate RAK in February. That would allow its choice of RAK to comply with the Deed of Gift. The Alinghi spokesman, Lucien Masmejan, said that if the Swiss appeal failed the team would face BMW Oracle in Valencia, Spain, in February. Although Valencia is also in the northern hemisphere, neither side objected earlier in the long, twisting court fight to holding the series there. Valencia hosted the 2007 America's Cup, and both teams still have bases in the city.

There was no explanation why the panel included only four judges instead of the expected five. If the panel splits 2-2, it is believed the case will be reheard by a five-judge panel. The Swiss have had their 90ft catamaran, Alinghi 5, in RAK since late September. "We are in RAK and would prefer to stay in RAK," Mr Masmejan said after both sides gave oral arguments. "We selected the venue in good faith and now we have to move. If we cannot do it in February, we would like to do it in May in RAK. If not, let's go to Valencia in February."

Even as they pressed on with their appeal, the Swiss announced two weeks ago that they were preparing to race in Valencia. They also floated Australia as a possible compromise location. The court fight between the American software tycoon Larry Ellison and the Swiss biotech mogul Ernesto Bertarelli, who respectively finance the Oracle and Alinghi teams, has hinged on the court's interpretation of the Deed of Gift, written in 1887.

Although the Deed of Gift stipulates that racing between November 1 and May 1 must take place in the southern hemisphere, Justice Herman Cahn, who is now retired, ruled in May 2008 that "the location of the match shall be in Valencia, Spain, or any other location selected by SNG." That led Alinghi's backing yacht club, Société Nautique de Genève, to select RAK. BMW Oracle, backed by San Francisco's Golden Gate Yacht Club, fought back, citing not only the Deed of Gift but also concerns about safety because of RAK's proximity to Iran.

* Associated Press

Schedule for show courts

Centre Court - from 4pm UAE time

Johanna Konta (6) v Donna Vekic

Andy Murray (1) v Dustin Brown

Rafael Nadal (4) v Donald Young

Court 1 - from 4pm UAE time

Kei Nishikori (9) v Sergiy Stakhovsky

Qiang Wang v Venus Williams (10)

Beatriz Haddad Maia v Simona Halep (2)

Court 2 - from 2.30pm

Heather Watson v Anastasija Sevastova (18)

Jo-Wilfried Tsonga (12) v Simone Bolelli

Florian Mayer v Marin Cilic (7)

The specs

Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 7-speed dual-clutch auto
Fuel consumption: 10.5L/100km
On sale: Now
Price: From Dh129,999 (VX Luxury); from Dh149,999 (VX Black Gold)

Avengers: Endgame

Directors: Anthony Russo, Joe Russo

Starring: Robert Downey Jr, Chris Evans, Scarlett Johansson, Chris Hemsworth, Josh Brolin

4/5 stars 

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

'Saand Ki Aankh'

Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars

What is a black hole?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

Abaya trends

The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.

Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

ODI FIXTURE SCHEDULE

First ODI, October 22
Wankhede Stadium, Mumbai

Second ODI, October 25
Maharashtra Cricket Association Stadium, Pune

Third ODI, October 29
Venue TBC

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded


The UAE Today

The latest news and analysis from the Emirates

      By signing up, I agree to The National's privacy policy
      The UAE Today