Sep 29, 2010 at 01:12 PM
written by Eric Young, San Francisco Business Times

Bid for AmCup needs $270M in sponsorships

Supporters of San Francisco’s bid to host the next America’s Cup pledged to raise $270 million in sponsorship to cover the costs of the regatta if the event is held on the bay.

Under a term sheet submitted to the city’s Board of Supervisors on Tuesday, bid backers said they expect to raise that amount after holding conversations with Bay Area-based corporations like Visa Inc., Wells Fargo & Co., URS Corp., PG&E Corp. and Google Inc. as well as companies elsewhere across the country.


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