09:03 AM

Larry Ellison Gets Keys To City And Advocates A Sailboat Racing Center

I popped down to San Francisco's City Hall where Larry Ellison, CEO of Oracle, and owner of the BMW Oracle Racing sailing team, received keys to the city as part of celebrations that welcomed back the America's Cup to the US.

Mr Ellison also made a push for establishing a sailboat racing center in San Francisco that would attract international teams training for future America's Cup challenges. He said that the competiton can bring at least $1 billion to the local economy.