the issue is that this DOG multihull match is an expensive distraction from what they want to really do

which is to get the AC paying for itself and and supporting a huge contingent of international sailors, support crews and world wide sponsors

to do that they need to get a monohull race going as soon as possible after it's decided who's in control and for that it's best they both agree to valencia for 2012 which already has all the facilities waiting

if larry wins the multi match and then wins a quickly arranged mono series in valencia then i'm sure everyone would expect the next defence to be in the usa

what they would really hate is if nz won the monohull challenge and then took the cup down south where there are no sponsors, only a tiny poor population to milk for t-shirts and inconvenient time zones for the prime time audience up north:o(

and horror of horror nz are reported to wanting to go back to a nationality rule!