Louis Vuitton pay $ 3 million less for sponsoring the Cup

  SAN FRANCISCO Louis Vuitton pays the America's Cup three million less than originally agreed to sponsor studies challenger for the big regatta, because only three teams registered.

Cup of America CEO Stephen Barclay said the contract was amended in April. Louis Vuitton would have the full amount of the account specified in the contract, if at least five reported challenger.

Barclay was to reveal what the French luxury goods manufacturer pays to determine the series, which is the opponent for the defending champion Oracle Team USA during the 34th America's Cup begins on 7 To sponsor September.

But he said the sponsorship of this kind are usually tens of millions of dollars.

Barclay said the sponsorship reduction does not affect the veil.

Sponsored the Louis Vuitton Challenger Series since 1983.