Everything coming out of the BMWO press machine says that Jake is right. They aren't rushing to release what they'll race in, where they'll race or when they'll race. They want to get a consensus of the viable AC teams together and see what they want.
While "Uncle Larry" might be a dickhead to work for and in the business world - he was the guy who put an end to the SNG/Alinghi shenanigans. He knows damn well that the sailing community is now going to hold his feet to the fire like they did to Ernesto.
We will see, Ernesto said the same thing when he took the cup from the Kiwi's how it will be better and fair and blah blah blah.
You both under estimate Mr. Ellison, but hey I could be completely wrong he could be in it just for the love of the game, maybe he won't use the power and influence his money generates to tip the scales in his favor. Maybe, he'll even impose a spending cap, 2 billion maybe I mean we do want try and keep some of the rif raf out of the cup don't we?
"Do or do not. There is no try." - Yoda "Excuses are the tools of the weak and incompetent" - Two sista's I overheard in the hall "You don't have to be a brain surgeon to be a complete idiot, but it helps"