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New format possible for America's Cup

Updated: January 31, 2012, 5:36 PM ET
Associated Press

WELLINGTON, New Zealand -- Organizers of next year's America's Cup in San Francisco Bay say they will reconsider the format of the challengers' series after receiving only three entries.

Regatta director Iain Murray said only Team New Zealand, Luna Rossa of Italy and Artemis of Sweden have paid the $100,000 entry fee. Murray, who is visiting New Zealand for a competitors' forum, said it was unlikely other syndicates would enter at this late stage.

"We're hopeful of having more teams ...

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