8 Dec 2008

Audi's withdrawal scuppers Germany's America's Cup bid

6:38 am on 8 December 2008

Car manufacturers Audi have withdrawn their sponsorship of Team Germany effectively ending the German sailing team's bid to win the America's Cup.

But co-ordinator Jochen Schuemann insists he will fight on and has started the search for a new sponsor.

Audi have withdrawn as main sponsors due to the world economic crisis,.

Schuemann has already withdrawn Team Germany from next February's Pacific Series event in Auckland for America's Cup yachts.

Alinghi plan to hold the 33rd edition of the world's oldest yachting competition in 2010 and have set December 15 as the deadline for teams to register.

But there remains one unresolved issue: the fate of the American Oracle-BMW Racing team, who have taken their argument that the new race format favours Alinghi to the Court of Appeal in New York.

Their case is to be heard on February 10.