[Source: UITG] Jochen Schmann, Co-CEO and team leader of United Internet Team Germany considers the latest announcement of the Americas Cup Management (ACM) to postpone the 33rd Americas Cup as a severe backlash for the event and the future of the Americas Cup. ACM decided to adjourn the event indefinitely due to the uncertainty of the result of the law suit.

We are extremely disappointed. During the recent weeks, we did our utmost by discussing with all parties to secure the holding of the 33rd Americas Cup in 2009. Unfortunately, we did not succeed. We will keep our Team in Valencia together, to review our strategy and to discuss the latest situation with our business partners.
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