America’s Cup 2013: San Francisco To Host World Famous Yacht Race

San Francisco will host the 2013 America's Cup Yacht Race. The city is developing plans for the world famous race and we'll have updates as news continues to come out.

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America's Cup 2013: Casey Wasserman, Peter Ueberroth Highlight Newest Advisory Board Members

Some of the most prominent leaders in sports, business and entertainment will be bringing their special experience to the 34thAmerica's Cup as it was announced on Thursday that five new members of the Cup's Advisory Board have been announced.

L. Jay Cross, President of Related Hudson Yards and formally the President of the New York Jets; Geoffrey Mason, Senior Production Specialist of ESPN and former Executive Producer at ABC; Harvey Schiller, Chairman of the Board and CEO of Global Options Group, Inc and the former Chairman of YankeeNets; Peter Ueberroth, Chairman of The Contrarian Group and previously CEO of the 1984 Los Angeles Olympic Organizing Committee (LAOOC); and Casey Wasserman, Chairman and Chief Executive Officer of Wasserman Media Group will all be joining the Adivisory Board.

Cross is an Olympic sailor and former President of the NBA's Miami Heat and NFL's New York Jets. Currently he is President of Hudson Yards, a 12 million square foot, mixed-use development in New York City on Manhattan's West Side.

Geoffrey Mason has five decades of network television experience, including seven Olympic Games, six soccer World Cups and multiple America's Cups. He was recently inducted into the Sports Broadcasting Hall of Fame. Mason is also a former Executive Producer at ABC Sports, has worked for NBC and Fox, and was instrumental in the launch of the NFL Network.

Schiller is a past Secretary General of the US Olympic Committee. He worked for Turner Broadcasting as well as chairing YankeeNets, which owned some of the most famous US sports franchises: the New York Yankees, New Jersey Devils and New Jersey Nets. Currently his Global Options Group advises and consults to leading corporations, governmental organizations and NGOs across the globe.

Ueberroth serves as Chairman of The Contrarian Group, Inc., an investment and management company. He served as President and CEO of the 1984 Los Angeles Olympic Organizing Committee (LAOOC), and was the sixth Commissioner of Major League Baseball from 1984 to 1989. In 1999, with three partners, Peter led the purchase of the Pebble Beach Company; he currently serves as co-chairman. Peter is also on the board of directors of The Coca-Cola Company, Aircastle Ltd, Easton-Bell Sports and the Irvine Company, a privately held company.

Wasserman has built-up one of the world's giants in sports marketing as the Wasserman Media Group takes part in Media Rights, Consulting, Partnership and Business Development, Action Sports and Olympics, and representing leading players in golf, soccer, basketball, cycling, Major League Baseball and the National Football League.

"The caliber of the individual board members and collective experience represents a huge asset to the America's Cup," said Larry Ellison, team owner of ORACLE TEAM USA.

A further appointment to the Advisory Board will be made later this year.

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America's Cup 2013: San Francisco Officials Head To Rhode Island For Race Ideas, Impacts

The 2013 America's Cup will certainly draw some big crowds to the city of San Francisco, but is also going to be a huge revenue-stream for the city as well, meaning that city officials must ensure that everything is in order and functioning properly month and months ahead of the actual event.

That's why San Francisco Port Commission president Doreen Woo Ho and vice president Kimberly Brandon will be heading to Newport, R.I. at the end of June to get some 'preliminary information and observations' about the event from one of it's previous host cities to ensure the success of the America's Cup race in the city by the Bay.

"Each time the races are held, the host city learns more about the impacts and behaviors of the visitors," Jane Sullivan from San Francisco's Office of Economic and Workforce Development told the Examiner. "Since San Francisco will be hosting these races in 2012 and 2013, it is key that we learn as much as possible so that all our plans (transportation, public safety, marketing and promotions, youth involvement, etc.) deliver a positive experience for residents, local businesses and visitors."

A much larger group travelled to San Diego last year for similar purposes during a 'tune-up' yacht competition in San Diego Bay.

San Francisco will play host to the preliminary America's Cup stages later this year from Aug. 21-26 and Oct. 4-7. The America's Cup race itself begins on July 4, 2013 and ends September 22.

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America's Cup 2013: San Francisco Could Potentially Lose Money By Hosting The Event

The city of San Francisco is set to host the 2013 America's Cup. Although the hosting of the prestigious event carries with it a definite cachet, as well as enticement for additional tourism, the deal does also contain an element of finincial risk.

Chris Roberts of NBC Bay Area reports that the city could stand to lose as much as $22 million on the deal if everything does not go as well as hoped. He notes that attendance was down quite a bit in San Diego in 2011, so the city can not necessarily expect large crowds as a given.

Another aspect of the deal that raises some eyebrows is that America's Cup race officials are already past due on paying the city $12 million of the $32 million that San Francisco is supposed to receive.

Roberts offers a more detailed breakdown of the financial details, but it appears that the city will need everything to go exactly as hoped in order to prevent losing some money on the enterprise.

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America’s Cup 2013: San Francisco Officials Decide To Move Private Yachts To Bay

San Francisco city officials have decided to scrap the idea of private yachts in the open water as planning for the 2013 America's Cup continues.

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