i would like to at least recognized our colleague, ian murray, a world-renowned sailor, and will be the america's cup racing management. that is ian. [applause] one of his responsibilities i'll only a few short days time will be to launch the first ac45 boat in new zealand. next month, we will be launching a brand new brand, an identity, for the america's cup. in march, the marchperiod for america's cup will close. by may, we will have our first tv programming on the year. in june, the first world series will kick off. even though this is an event coming to san francisco in two and a half years, for us, it starts right here and right now. to conclude, we believe the next america's cup, all the events, all the buildup, and the spectacular end, will be something very special. we are delighted that the city of san francisco will be able to share in every single step of the way. who knows? maybe this will be the first of several such events in this great city. [applause] >> in addition to the mayor and his great staff, we would also like to thank the board of supervisors for making this hap