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Published 30 September 2013 09:07, Updated 02 October 2013 00:01
Bob Oatley is expected to put forward a Hamilton Island-based bid for the next America’s Cup challenge. Photo: Louis Douvis
Update | Billionaire Bob Oatley has announced that he’s funding a challenge for the America’s Cup.
Oatley’s bid was one of several from around the world revealed by the Golden Gate Yacht Club on Tuesday morning.
A renowned yachting enthusiast and a multiple winner of the prestigious Sydney to Hobart yacht race with his super maxi yacht Wild Oats XI, Oatley’s America’s Cup bid will be organised through his Hamilton Island Yacht Club.
The bid will hope to attract several Australian sailors to the team and represent the first Australian team to compete for the most famous sailing trophy since 2001.