Louis Vuitton sponsorship reduces America's Cup

       It is therefore not surprising that the sponsors of the America's Cup may be less-than-happy with slow start of the event.

Instead of a rip-roaring nautical window the first week of America presented's Cup only two "races" of each boat, and now the New Zealand Herald reported that sponsor Louis Vuitton that asks America's Cup for a partial refund of its sponsorship deal.

The original sponsor was built around eight boats participating in the event, only three boats in the race, with (Luna Rossa) is currently sitting in conflict usually determined by an international jury. The San Francisco Business Times reports that Louis Vuitton to request a refund of $ 3,000,000.

"There is no provision for not less than five (boats), because we do not expect that would happen. It's worse than we thought," Louis Vuitton Cup figurehead Bruno Trouble told the Herald.

Louis Vuitton gives its name to the Louis Vuitton Cup, two months before the race, race around the America's Cup Finals in September.

The high cost of multi-million dollar catamarans caused many boats to leave the competition. Artemis, which has suffered the tragic death of one of his sailors during training, also on the Louis Vuitton Cup, as he awaits the start of his second boat.

The New Zealand Herald reported that Louis Vuitton has "significantly reduced" its sponsorship for the event. And how Matier & Ross Chronicle wrote today, the city of San Francisco on the hook for $ 8,000,000 can keep losses to be the catastrophic event.