2010 -- S 2503

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LC01947

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2010

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S E N A T E R E S O L U T I O N

CONGRATULATING ORACLE CEO LARRY ELLISON AND THE BMW ORACLE

RACING TEAM ON WINNING THE 33RD AMERICA’S CUP COMPETITION

     

     

     Introduced By: Senators Paiva-Weed, Connors, Felag, C Levesque, and DiPalma

     Date Introduced: February 24, 2010

     Referred To: Recommended for Immediate Consideration

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     WHEREAS, The Royal Yacht Squadron Cup was founded in 1851 and holds the

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distinction of being the oldest active trophy in international sports. It became known as the

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America’s Cup after the schooner “America” became the first yacht to win the competition; and

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     WHEREAS, In 1957, the trophy was donated to the New York Yacht Club, located in

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Newport, Rhode Island, where it remained until 1983, when the Royal Perth Yacht Club’s

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“Australia II” took the title, ending the longest winning streak in the history of the sport and

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moving the America’s Cup Regatta from Rhode Island’s beautiful “City by the Sea”; and

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     WHEREAS, On Sunday, February 14th, 2010, racing against “Alinghi,” the sailing

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syndicate BMW Oracle, under the leadership of team owner Larry Ellison, won its second

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consecutive challenge and successfully returned the America’s Cup trophy to the United States;

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and

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     WHEREAS, Mr. Ellison is the founder of Oracle Racing and a five-time Maxi World

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Champion with the Sayonara racing program. He was a Louis Vuitton Cup finalist in 2003 with

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Oracle BMW Racing, and he won the Owner Driver Series of the Moet Cup in 2003 and the UBS

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Trophy in 2004; and

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     WHEREAS, The first race was a simple upwind-downwind loop totaling 40 miles, while

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race two was 39 miles long and around an equilateral triangular course, comprised of a 13 mile

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beat and two 13 mile reaches. The two giant multihulls reached speeds in excess of 25 knots in

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roughly 10 knot winds; and

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     WHEREAS, Comprised of many of the preeminent sailors in the world, the BMW

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Oracle’s Racing Team energetically captured the America’s Cup and returned to America for a

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well-earned “Victory Tour”; and

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      WHEREAS, The Rhode Island state quarter features the sailboat Reliance, the yacht

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built at the Herreshoff Manufacturing Co. in Bristol, Rhode Island, that successfully defended the

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America’s Cup trophy in 1903; and

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     WHEREAS, As the sailing capital of the United States, Newport has a history rooted in

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the marine trades. Newport is home to the America’s Cup Hall of Fame and the renowned

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International Yacht Restoration School. The waters of Newport and Rhode Island Sound provide

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excellent sailing conditions, and the City hosts some of the most prestigious sailing events in the

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world; and

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     WHEREAS, As the host city for 12 of the 33 America’s Cup races, Newport has

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demonstrated its numerous infrastructure advantages. The City’s accommodations are world

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class, and its beauty is second to none; and

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     WHEREAS, The residents of Newport and citizens throughout Rhode Island are

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exceptionally steeped in the State’s vibrant maritime tradition and appreciate the historic

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significance of Newport in the tradition of America’s Cup racing. Newport is home to the longest

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winning streak in the history of the sport; now, therefore be it   

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     RESOLVED, That this Senate of the State of Rhode Island and Providence Plantations

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hereby heartily congratulates Larry Ellison and the BMW Oracle racing team on winning the 33rd

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America’s Cup Challenge; and be it further

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     RESOLVED, That this Senate hereby urges Oracle CEO Larry Ellison to confer the

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prestigious honor of hosting the 34th America’s Cup Challenge to the jewel in our Ocean State’s

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crown, the City of Newport. We furthermore warmly welcome and congratulate Mr. Ellison on

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the recent purchase of the famed Astors’ Beechwood Mansion in Newport; and be it further

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      RESOLVED, That the Secretary of State be and he hereby is authorized and directed to

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transmit a duly certified copy of this resolution to Larry Ellison, Oracle CEO.

     

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LC01947

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S2503