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What is BMW Oracle Racing mean?
Oracle Team USA is an American yacht racing syndicate initially formed to compete for the 2003 America's Cup. They competed again in the 2007 event before winning the 33rd America's Cup regatta in 2010 – representing the Golden Gate Yacht Club. The team also won the 34th America's Cup in 2013.
The syndicate was initially named Oracle for the 2003 campaign and backed primarily by Larry Ellison, the co-founder and CEO of Oracle Corporation, but was renamed in August 2004 to Oracle BMW Racing to reflect the German company's role, and subsequently revised again to BMW Oracle Racing to reflect increased involvement from BMW. At the end of December 2010 it was announced that by mutual agreement of both partners, BMW was bringing to a close its longstanding partnership with Oracle Racing and thereby ending its involvement in the America's Cup. Subsequently, the syndicate was renamed to Oracle Team USA to compete for the 2013 34th America's Cup.
referencePosted on 14 Sep 2024, this text provides information on Miscellaneous in Sports related to Sports. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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