China Out, South Africa In

11:27 PM Thu 31 Mar 2011 GMT

'Louis Vuitton Pacific Series - Day 3 - BMW Oracle Racing vs China Team' Richard Gladwell Click Here to view large photo

America's Cup 2013 - Less than a week after declaring that a team from China would contest the America's Cup, it appears that that syndicate has missed a critical deadline for the payment of their security bond and is thus not going to be allowed. 'The check is in the mail doesn't really cut it in today's world of electronic transfers' said a representative of the Golden Gate Yacht Club on condition of anonymity, citing fears of retribution from Triad gangs in San Francisco. 'The protocols established specific timelines for payments and other qualifications, and the Chinese have simply not ...

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