Hawaii Sail-O: America's Cup May Sail to Honolulu

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    NEWSLETTERS

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    File photo. Oracle Team USA skippered by James Spithill celebrates after defending the cup as they beat Emirates Team New Zealand to defend the America's Cup during the final race on September 25, 2013 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)

    The 35th America's Cup finale may end up sailing in Honolulu, according to the San Francisco Chronicle.

    How the next Cup would work remains to be seen -- and much has to be done, including hammering out agreements with the would-be host cities.

    However, billionaire and Oracle CEO Larry Ellison, in a series of exclusive interviews, outlined the following:

    • Two divisions, an Atlantic and Pacific, racing 45-foot catamarans;
    • Division championship sails, in Rome and in Shanghai;
    • A finale in Honolulu, racing 60-foot catamarans.

    The switch to smaller boats will allow for more competition from more teams, the newspaper reported.

    To race the 72-foot catamarans in San Francisco cost each team $100 million, Ellison said. The new format could cut costs by 70 percent.

    Having more host cities also changes the dynamic of the race. Ellison likens it to "Formula One" on the water -- the motorcar competition has races all over the world, and thus more fans.

    Meanwhile, negotiation between potential host cities, including San Francisco, continue.