Oracle CEO Larry Ellison is many things, victory-obsessed yachting enthusiast among them. His Oracle Team USA is hosting next year's America's Cup yacht race in the San Francisco Bay, and on Tuesday afternoon took a 72-foot carbon fiber catamaran -- the largest high-speed racing yacht around -- out for a test run.
One problem, however: The boat flipped over and capsized while trying to pull some swift maneuvers, with its broken pieces drifting out past the Golden Gate Bridge before they were finally brought ashore. The boat was worth an estimated $8-10 million. Russell Coutts, who oversees the Oracle-sponsored racing team, said the boat's hulls are probably salvageable but that its $… Continue reading...
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