NEW YORK (AP) -- The Appellate Division of the New York Supreme Court refused to stay a lower court's ruling that San Francisco's Golden Gate Yacht Club is the Challenger of Record in the America's Cup, according to the U.S. syndicate.

BMW Oracle Racing and Alinghi are set to lock horns again but in giant multihulls.
America's Cup champion Alinghi of Switzerland originally sought a temporary stay of Judge Herman Cahn's March ruling, but that request was denied on April 15 and referred to the four-judge panel that ruled on Thursday.
The judges also denied GGYC's motion to dismiss Alinghi's appeal.
"The court denied both motions and we look forward to a speedy resolution of these matters," said Barry Ostrager, the U.S. attorney for Societe Nautique de Geneve, the yacht club that backs Alinghi.
A hearing on Alinghi's appeal of Cahn's ruling has been set for June 5.
Unless the appeals court sides with Alinghi, the Swiss must face the GGYC's sailing crew, BMW Oracle Racing, in a head-to-head showdown either in October or next year for the America's Cup.
"We are very pleased with this outcome," GGYC spokesman Tom Ehman said in a statement.
"Two courts have now both firmly rejected new SNG/Alinghi efforts to create more delay. We continue to expect to race in October 2008. We have renewed confidence that this match will not be delayed by SNG/Alinghi's appellate litigation and look forward to going racing."
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