Latest news with #38thAmerica'sCup
Scoop
23-05-2025
- Sport
- Scoop
Statement From Emirates Team New Zealand In Response To Athena Racing And American Magic
The Defender has been working closely and positively with all teams on moving the America's Cup to a new collaborative Partnership and structure to strengthen the future of the America's Cup for the benefit of the event and all current and future teams. PROTOCOL In an unprecedented move, the Defender in conjunction with the Challenger of Record has been working with all teams on the development of the Protocol for the 38th America's Cup over the past few months. This has resulted in the current Protocol incorporating many ideas and positions of the teams. As a result of the significant teams input the completion of the Protocol has been prolonged. The latest version of the Protocol went back to the Challenger of Record Athena Racing, 10 days ago, prior to the announcement of Naples. The Defender has not had any feedback back from the Challenger of Record on the latest version other than acknowledgement it had been well received by the teams. However, the Defender now feels due to the unreasonable allegations that have been levelled at it by Athena Racing and American Magic, that it is appropriate to publicly release the latest draft version of the 38th America's Cup Protocol today as an illustration of complete transparency. VENUE & HOST VENUE AGREEMENT It is the responsibility of the Defender and has been an obligation of an agreement with the Challenger of Record, to secure the Host Venue by June 19th 2025 so all teams have clarity on one of the most important foundations of any America's Cup. Ahead of time, the teams now have that knowledge and understanding with the exciting announcement of Naples, Italy in 2027. In contrast to the statement by Athena Racing, all teams have already been offered full access and transparency to the Host Venue Agreement (HVA), which was signed just last week, upon their signing of a Non-Disclosure Agreement (NDA). Such a requirement is standard practice in with any contract that contains commercial sensitivities. The Defender is yet to receive the returned NDA's from Athena Racing as Challenger of Record.
22-05-2025
- Sport
An America's Cup without an American boat? American Magic says it may not sail in Naples
BARCELONA, Spain -- American Magic has put its participation in the next America's Cup in serious doubt after it cited 'transparency' concerns related to Team New Zealand's decision to hold the 2027 regatta in Naples, Italy. The team that represented the New York Yacht Club in last year's cup in Barcelona issued a statement on Thursday saying cup holder Team New Zealand 'has been unwilling to commit to the transparency and cooperation necessary' regarding its plans for Naples that were announced last week. If American Magic does not compete and no other American team enters in its place, then for the first time in the event's history, there will not be an American team in the America's Cup. American boats have won the America's Cup a record 25 times and held it from its first race in 1851 all the way through 1983. Team New Zealand did not immediately respond to messages for comment from The Associated Press. American Magic's complaint was made public shortly after British team Athena Racing, representing all challengers, issued a statement criticizing what it called the lack of information provided by Team New Zealand on the deal with Italian organizers. It is 'difficult to understand what exactly has been agreed between Team New Zealand and the government of Italy as the sporting framework and details of the event do not yet exist,' Athena said. American Magic backed up Athena's position by saying that 'without the meaningful changes they (Athena) are advocating, it is difficult to see how NYYC American Magic can participate in the 38th America's Cup.' Neither Athena nor American Magic went into further detail regarding their complaints.
NZ Herald
22-05-2025
- Business
- NZ Herald
America's Cup 2027: Ben Ainslie criticises Team New Zealand over Naples venue
Grant Dalton, New Zealand's chief executive, last week announced Naples as the host venue for the 38th America's Cup, describing it as a 'spectacular' venue and adding that further details on the planning of the event 'would be announced in due course'. As well as clarification on the protocol and the class rules, teams are still waiting to learn when in 2027 the Cup will take place, where in Naples the bases will be, how the allocation of bases will work, and what other liabilities they may have. Athena Racing, who race under the banner of the Royal Yacht Squadron, lost backer Sir Jim Ratcliffe earlier this year after the Ineos co-founder and Ainslie fell out over the future of the team. Like other challengers, they are trying to attract new sponsorship for the next Cup, which is difficult without any certainty about what it will look like. Ineos initially said it would challenge independent of Ainslie and the RYS, but still in partnership with Mercedes F1. But it pulled out of the running last month, saying the six-month delay to agreeing a protocol had 'undermined their ability to prepare for the next Cup'. 'Sporting framework does not yet exist' In their statement, Athena Racing said they had no issue with Naples as a venue, but said it was too soon to commit to one. 'While we have every confidence that Naples can be a magnificent host for the America's Cup, we believe that transparency and cooperation between the defender and all challengers is vital for the Cup's future and therefore the recent announcements from the defender are premature, at best.' Athena added that they were 'concerned by the ongoing lack of transparency… and the impact this is having on the main goal of negotiating a fair sporting protocol'. 'For seven months Athena Racing has been in negotiations on a protocol for the 38th America's Cup with the defender, Team New Zealand, on behalf of all the challengers with the aim to deliver a fair sporting framework and commercially viable event for all America's Cup stakeholders. Despite recent progress being made, significant barriers remain. 'Typically, a host agreement has only followed the publication of an agreed protocol. In the absence of an agreed protocol, it is therefore difficult to understand what exactly has been agreed between Team New Zealand and the Government of Italy as the sporting framework and details of the event do not yet exist. 'Any hosting agreement will bind challengers to financial and organisational obligations, as well as potential liabilities, making its disclosure fundamental to teams' participation and commitment to the 38th America's Cup.' American Magic hint at pulling out In a separate statement, American Magic said they were of the same opinion as Athena Racing. 'As we look ahead to the 38th America's Cup, we find ourselves at a crossroads and feel that we must provide an update to our team-mates, partners, donors, and supporters,' they said. 'Despite the best efforts of the challengers – led by the challenger of record – to negotiate in good faith, the defender has been unwilling to commit to the transparency and cooperation necessary to secure a fair protocol. Without the structural framework necessary for challengers to pursue viable campaigns, it will remain extremely difficult to unlock the America's Cup's potential as a modern, globally relevant sports property. 'We continue to support the challenger of record in their efforts to secure an open and balanced protocol, as without the meaningful changes they are advocating, it is difficult to see how NYYC American Magic can participate in the 38th America's Cup. 'While we remain committed to the America's Cup and would welcome the opportunity to compete under a fair protocol, we are equally committed to integrity, transparency, and the long-term health of the institution that is the America's Cup. We urge the defender, as trustee, to work in good faith with the challenger of record to restore the elements of fair competition, transparency, and respect for all sailors, globally, who are ultimately the beneficiaries of this time-honoured trust.'
Yahoo
22-05-2025
- Automotive
- Yahoo
Fresh America's Cup row erupts as Ben Ainslie accuses rivals of ‘lack of transparency'
A fresh row has erupted in the America's Cup with Britain's challenger of record, led by Ben Ainslie, accusing defenders Team New Zealand of a 'concerning lack of transparency' over the selection of Naples as host venue for the 38th Cup in 2027. In a statement, Athena Racing warned that 'significant barriers' still remained to agreeing a 'fair sporting protocol' for the event, without which any confirmation of Naples was 'premature, at best'. Athena's statement, released on Thursday afternoon, was swiftly followed by one from the US challenger, American Magic, who warned that they were 'at a crossroads' as a team and stressed that their participation was also contingent on a 'fair protocol' being agreed. It is understood that other potential challengers are concerned by the lack of clarity around the next Cup. New Zealand chief executive Grant Dalton last week announced Naples as the host venue for the 38th America's Cup, describing it as a 'spectacular' venue and adding that further details on the planning of the event 'would be announced in due course'. View this post on Instagram A post shared by America's Cup (@americascup) As well as clarification on the protocol and the class rules, teams are still waiting to learn when in 2027 the Cup will take place, where in Naples the bases will be, how the allocation of bases will work, and what other liabilities they may have. Athena Racing, who race under the banner of the Royal Yacht Squadron, lost backer Sir Jim Ratcliffe earlier this year after the Ineos co-founder and Ainslie fell out over the future of the team. Like other challengers, they are trying to attract new sponsorship for the next Cup, which is difficult without any certainty about what it will look like. Ineos initially said they would challenge independent of Ainslie and the RYS, but still in partnership with Mercedes F1. But they pulled out of the running last month, saying the six-month delay to agreeing a protocol had 'undermined their ability to prepare for the next Cup'. In their statement, Athena Racing said they had no issue with Naples as a venue per se, but said it was too soon to commit to a venue. 'While we have every confidence that Naples can be a magnificent host for the America's Cup, we believe that transparency and cooperation between the Defender and all Challengers is vital for the Cup's future and therefore the recent announcements from the Defender are premature, at best.' Athena added that they were 'concerned by the ongoing lack of transparency…and the impact this is having on the main goal of negotiating a fair sporting protocol.' 'For seven months Athena Racing has been in negotiations on a protocol for the 38th America's Cup with the Defender, Team New Zealand, on behalf of all the challengers with the aim to deliver a fair sporting framework and commercially viable event for all America's Cup stakeholders. Despite recent progress being made, significant barriers remain. 'Typically, a host agreement has only followed the publication of an agreed protocol. In the absence of an agreed protocol, it is therefore difficult to understand what exactly has been agreed between Team New Zealand and the Government of Italy as the sporting framework and details of the event do not yet exist. 'Any hosting agreement will bind challengers to financial and organisational obligations, as well as potential liabilities, making its disclosure fundamental to teams' participation and commitment to the 38th America's Cup.' In a separate statement, American Magic said they were of the same opinion as Athena Racing. 'As we look ahead to the 38th America's Cup, we find ourselves at a crossroads and feel that we must provide an update to our teammates, partners, donors, and supporters,' they said. 'Despite the best efforts of the Challengers - led by the Challenger of Record - to negotiate in good faith, the Defender has been unwilling to commit to the transparency and cooperation necessary to secure a fair Protocol. Without the structural framework necessary for challengers to pursue viable campaigns, it will remain extremely difficult to unlock the America's Cup's potential as a modern, globally relevant sports property. 'We continue to support the Challenger of Record in their efforts to secure an open and balanced Protocol, as without the meaningful changes they are advocating, it is difficult to see how NYYC American Magic can participate in the 38th America's Cup. 'While we remain committed to the America's Cup and would welcome the opportunity to compete under a fair protocol, we are equally committed to integrity, transparency, and the long-term health of the institution that is the America's Cup. We urge the Defender, as Trustee, to work in good faith with the Challenger of Record to restore the elements of fair competition, transparency, and respect for all sailors, globally, who are ultimately the beneficiaries of this time-honored trust.'
NZ Herald
19-05-2025
- Climate
- NZ Herald
Watch: Man heckles Winston Peters at media standup
NZ Herald football reporter Michael Burgess reports from Melbourne to look ahead to the first leg of the A-League semi-final between Auckland FC and Melbourne Victory. Russia and Ukraine come to an agreement, Police continue to search for a man following an incident in Papakura yesterday. Wild weather is on the way. Video / NZ Herald Starting in July 2021 to December 2024, see how the builder worked on this Kelburn site of Te Herenga Waka Victoria University of Wellington. Video / Te Herenga Waka America's Cup-winning helmsman Peter Burling discusses his success with and exit from Team New Zealand, and what's next. Video / Alyse Wright Social Investment Agency boss Andy Coster has responsibility for a new $190 million fund to tackle social problems. Video / NZ Herald How To Get Rid Of Acne For Good, According To An Expert Police were called to Settlement Road outside Papakura Intermediate School, where a man was found with serious injuries. Video / Dean Purcell A kiwi musician claims he was discriminated against after being refused entry to a downtown Auckland bar for breaking a tattoo policy that the bar will not provide to him. Christchurch local captures moment masked raiders take over a Christchurch Metro-Mart. Video / Supplied It's been six months since I interviewed Rocket Lab chief executive Sir Peter Beck. We have a lot to discuss following the space company's Q1 earnings! Video / Cameron Pitney US calls for leader-level peace talks, apprentice numbers drop, and Wellington fights public bullying in new campaign. Naples, Italy, has been confirmed as the host of the 38th America's Cup. Raised in the shadows – Canterbury artist Sheelagh McHaffie draws the light she's fought to find. Video / Frank Film Made with funding from NZ on Air. MetService National Weather Update: May 15 - May 18 Brooke van Velden thinks it is odd Winston Peters would criticise her for using the c-word.
