33rd America's Cup teams reach consensus on rules governing the event at a Competitor Meeting in Geneva

[Source: Alinghi] A large majority of the teams entered in the 33rd America’s Cup today achieved another milestone in the process of getting the event back on the water during a second Competitor Meeting at the Société Nautique de Genève in Switzerland.

Ten of the 12 entered challengers present at the meeting, along with the Defender Alinghi, expressed a unanimous will to work together constructively towards a class rule and regulations that satisfy all entered competitors.

Amongst other topics, it was agreed that:

- The Arbitration Panel be expanded to five members, with the two additional members being appointed by all the entered competitors through a democratic process

- The Race Committee has been agreed by all the entered competitors

- Other America’s Cup Race Officials, the Technical Director and Umpires will be selected following a similar process amongst ISAF officials

- Two pre-regattas will be or...