JULY 8, 2002

BMW and yacht racing...

BMW is due to announce today that it will be sponsoring the Oracle Racing's America's Cup syndicate.

BMW is due to announce today that it will be sponsoring the Oracle Racing's America's Cup syndicate - a deal which is rumored to be one of the most significant sponsorship agreements in the history of yacht racing. The America's Cup takes place next February in Auckland, New Zealand but before that happens there will be the Louis Vuitton Cup, the competition between the challengers to see who will take on Team New Zealand. This starts in September.