Feeds

Larry Ellison buys his way into Americas Cup team

Permission granted to pipe him aboard

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Larry Ellison's belief that he is best at everything has led him to buy AmericaOne, the yacht that lost the Americas Cup last year, so he can captain the team on its next challenge for the title.

That will be the first time Ellison will have participated in the race, and while he is an experience yachtsman, there are those in the sailing community who have the nerve to doubt his ability to lead a successful Americas Cup challenge. But he does have a nautical beard. He will replace current skipper Paul Cayard who's been sailing since the 1960s.

And if that is not enough boat-related controversy for one billionaire, a Yachting broker is suing the Oracle boss for non-payment of commission on Ellison's purchase of a $10 million floating gin palace. The trial is taking place in California and is expected to last about a week.

The yacht in question is a monster 192 footer with five floors and an air-conditioned gymnasium. Broker Michael Rafferty claims that Ellison he is owed commission to the tune of $700,000 after bartered with the seller to reduce the price from $13.5 million to $10 million.

Ellison's lawyers claim that he was an innocent bystander.

And while we're talking about egocentric IT billionaires and yachting, we would have linked to our story from May about Bill Gates reportedly being the money man behind the attempt to pillage Team New Zealand of its crew, but our archiving is still all to cock. So we'll just mention instead. ®

Related Stories

Top IT execs look like sh!t
Ray Lane - why he quit Oracle
Ellison offers Gates all his rubbish

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.