Maybe Gavin Newsom left his heart in San Francisco, or maybe Larry Ellison just takes care of his friends.
Either way the former mayor has been named an ambassador at large for the 34th America’s Cup, which will take place in San Francisco in 2013.
Newsom was instrumental in attracting the Oracle CEO and his racing team to San Francisco. The current lieutenant governor began recruiting Ellison and his racing team to the City shortly after they won the last cup.
Ellison's Oracle Racing team got to choose the host of the next America's Cup because they are the reining champions.
Hosting the cup could be a big coup for the City, if the cost is not too high. The international sailing competition is expected by some analysts to inject about $1.2 billion into the City's economy, generating an estimated 8,000 jobs.
Newsom's job will be to attract visitors to San Francisco to watch the event.
