The Golden Gate Yacht Club, situated on the harbor in San Francisco Bay, is home base to the only U.S. competitor registered for next year's America's Cup, the preeminent race in sailing. The team is the BMW Oracle Racing Team, a joint effort by the two companies that's led by Oracle CEO Larry Ellison, a sailing buff.
Word is that the St. Francis Yacht Club, which is next door to the GGYC on the harbor, was to be the original headquarters for the team. But Ellison didn't like the terms proposed by the St. Francis, a comparatively elite club. The GGYC, of which Ellison is also a member, was ultimately more catering to the tech chief.
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