BMW ORACLE Racing, the American challenger, representing the Golden Gate Yacht Club, won the 33rd America's Cup Match on Sunday in Valencia, sweeping past the Swiss defender, Alinghi, to a 2-0 victory.

This was an historic race for the oldest trophy in international sport, featuring two of the most innovative boats on the planet. BMW ORACLE Racing's trimaran, USA, powered by the largest wing sail ever built, proved to be the faster of the two multihulls, overpowering Alinghi's catamaran in both races.

Today marks the culmination of the San Francisco team's 10-year quest for the America's Cup, sailing's pinnacle event. Founded by Larry Ellison (USA), the team is led by CEO Russell Coutts (NZL), now a four time Cup winner, and James Spithill (AUS), the skipper and helmsman of USA.

"It's an amazing feeling," said Spithill. "The amount of work the whole team has put into this boat and now to go two races without any issues - you just have to hand it to the shore guys, the boatbuilders and all of the support team and designers. They gave us an awesome tool."

"It's absolutely an awesome feeling," added Larry Ellison. "I'm really proud to be part of this team. I couldn't be more proud."

Team BMW Oracle, they came to San Diego for 6 weeks and stayed 16 months!

While in San Diego, the BMW ORACLE Racing team benefited the local economy and provided significant business for local marine supply stores, hotels, restaurants and other waterfront businesses. "We estimate we contributed $10 million in economic impact to the San Diego region," said Stephen Barclay, BMW ORACLE Racing Chief Operating Officer.

At its December meeting, the Board of Port Commissioners recognized BMW ORACLE Racing for its many contributions to San Diego. Board Chairman Stephen P. Cushman noted that in addition to providing an economic boost, the team and its new innovations such as the hard winged sail attracted a lot of national and international media interest, which put the spotlight on San Diego.