Swiss team Alinghi are the holders of the America's Cup
America's Cup holders Alinghi have proposed the 2010 edition of yachting's top race should be held in Australia.
Plans to hold the event in the United Arab Emirates were blocked by a court ruling that it must be staged in the southern hemisphere or in Valencia.
Alinghi launced an appeal but have now also put forward the suggestion of the east coast of Australia as host.
"This is a venue that should be acceptable to both teams," said the Swiss team in a statement.
Alinghi had wanted to race American challenger BMW Oracle Racing in the Persian Gulf port of Ras al-Khaimah in February.
But the New York Supreme Court pointed to a 19th century document preventing the event taking place in the northern hemisphere between 1 November and 1 May.
Alinghi's appeal for the 33rd staging of the race - which will be a three-leg duel instead of the traditional fully-fledged regatta involving several teams - to be held in the UAE will be heard in New York on Friday.
The race could also yet be held in Spain because although Oracle were unhappy with the choice of the UAE as a venue, neither team objected in court to Valencia.
The Spanish port is deemed acceptable, despite its northern hemisphere location, as it staged the most recent race in 2007.
"While the defender's first choice for the Deed of Gift Match is Ras Al Khaimah in the United Arab Emirates, in order to achieve a Match in February SNG proposes to stage the 33rd America's Cup on the east coast of Australia, in the southern hemisphere, in compliance with the Deed of Gift," the Alinghi statement added.
The Alinghi team have already brought their giant catamaran to Ras al-Khaimah, while the Oracle crew are training on their trimaran in San Diego, California.