Alinghi was first out the gate with a public statement in the wake of Justice Herman Cahn’s November 27 decision in the Supreme Court of the State of New York, a ruling stating that Club Nutico Espaol de Vela is not a valid challenger of record, and therefore BMW Oracle Racing is the challenger of record for the next America’s Cup match. This leaves many questions unanswered about what’s coming next. The first statements from Alinghi and BMW Oracle Racing can be found below, and when you’re ready you can:Click here to read the ruling by Justice Cahn

Joint statement
Socit Nautique de Genve, AC Management, and Alinghi:Today’s decision against the validity of the Club Nutico Espaol de Vela (CNEV), the Challenger of Record, is a disappointment to the Socit Nautique de Genve (SNG), AC Management (ACM), Alinghi and the seven entered Challengers affected by the outcome. There will now be a thorough review of the Judge’s decision and an analysis of the various options offered by the Deed of Gift. Ernesto Bertarelli, President of Alinghi, says: “We are disappointed that a technicality made the CNEV invalid and we are now looking forward to discussions with the Golden Gate Yacht Club to keep the America’s Cup functioning.”Statement from GGYC/BMW Oracle Racing:The Golden Gate Yacht Club (GGYC) today welcomed a ruling by the New York State Supreme Court that its challenge for the 33rd America’s Cup was valid. “We are very pleased by the decision as it enables everyone to focus on getting the Cup back on track quickly,” said Russell Coutts, CEO of the club’s BMW ORACLE Racing team.
He said GGYC wanted to see a conventional America’s Cup regatta in Valencia and is planning to speak with Alinghi as soon as possible to organize a meeting seeking a mutual consent challenge. GGYC’s first preferences would be to: 1. Seek to agree to rules with all competitors along the lines of the October 17 “nine points” compromise proposal and race a conventional America’s Cup competition in Valencia in 2009. 2. If a Deed of Gift challenge went ahead, the club would seek to race under the AC90 monohull rule already published. If Alinghi did not agree to that, in multi-hulls. 3. In all scenarios, GGYC would seek by mutual consent to have a Challenger Selection Series with as many challengers as possible. “We will immediately endeavour to meet with the other challengers to mutually agree a fair set of rules negotiated with all the other teams,” Coutts said.
“We will be very happy if we can put the last few months behind us and get on with sailing.”