/world sport
SAN FRANCISCO, California -- Larry Ellison, head of the BMW Oracle syndicate has said that they are ready to accept compromises discussed with America's Cup holders Alinghi as long as the defender will disclose the boats' design regulations..
Ellison said that BMW Oracle were keen to settle the rules dispute quickly.
"We are looking forward to putting this dispute about the rules behind us and racing for the America's Cup in 2009 in Valencia as planned," said Ellison.
"But it is impossible to accept a design rule that we have never seen."
Alinghi and Oracle have been meeting this week in a bid to resolve their differences without the intervention of a judge.
On Monday, a New York judge began hearing a lawsuit filed by Oracle over changes to the rules of the event made by the defending champions.
On Tuesday, Alinghi said they had put forward a new proposal hoping to end the legal dispute, warning that a protracted legal battle would jeopardize the 2009 event.
"We have put a proposal to Oracle and are waiting for their response. The window is rapidly closing on 2009," the General Counsel for Alinghi and its home club Societe Nautique de Geneve, Hamish Ross said.
On Thursday, Oracle said it had informed challengers it was ready to agree to "wide ranging new proposals discussed over the last 24 hours, but only if it can confirm for itself that the design rule developed by Alinghi is fair for all competitors."
Alinghi won the right to organize the 33rd America's Cup after achieving a 5-2 victory over Emirates Team New Zealand in Valencia in July. E-mail to a friend 
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