by Richard Gladwell
Although Sail-World is yet to receive the official announcement, the lead negotiator for BMW Oracle Racing, Stephen Barclay has confirmed that San Francisco has been selected as th venue for the 34th America's Cup.
The deal is understood to be within the boundaries set by the Board of Supervisors, so will not need confirmation by them. However that will have to be confirmed once the full agreement has been published.
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1:22 AM Sat 1 Jan 2011 GMT
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