distinguished sports management professionals in world, chairman worth, and chief executive officer craig thomaslause] >> good afternoon, everybody. let us at our thanks to the mayor, the city of san francisco, and the board of supervisors for having the confidence and making the commitment to bringing the america's cup to the presidio san francisco. -- to the great city of san francisco. we are extremely proud to be coming to this great city. we are going to tell you a little bit more about what the america's cup coming to the city will really mean. i think it is right to say that we stand on the edge of an event that will provide enormous drama and theater over the next three years and add to the rich history of the america's cup. in a way, it is a gorgeous marriage between a great event and a great city. we know that the city of san francisco will embrace this america's cup like none other before. like the mayor said, it's likely to bring in something in the region of 10 million visitors from outside of the city to enjoy this event. this is something really special and really big. and this is