Latest news with #AC75
Japan Today
4 days ago
- Sport
- Japan Today
New America's Cup protocol sees female sailors, battery power in seismic change for the Auld Mug
yachting By STEVE McMORRAN New rules for the America's Cup sailing regatta announced Tuesday have been described as a seismic moment for the historic event and the 'boldest change in 174 years of the Cup.' Crews competing in the 38th Cup regatta in Naples, Italy in July of 2027 will comprise five members, including at least one woman. Under new criteria, at least two members of each crew, including a female, must be nationals of each team's country of origin. Each 76-foot America's Cup boat will also carry a sixth 'guest' crew member who could be a celebrity, influencer, media representative or sponsor. The America's Cup will now be contested every two years and the protocol or governing document for the event now establishes a system of governance under which all competing teams will have equal responsibility for organizing the event on and off the water and for the control of media and commercial rights. Most functions of the boats will now be powered by batteries, rather than the brute strength of their crews. The moves to modernize the Cup have mostly been well received by competitors and key shareholders. 'As the founding Trustee of the America's Cup, we are completely supportive of the move to modernize the oldest sporting trophy in the world,' said Jay Cross, commodore of the New York Yacht Club. The NYYC was the first to win the America's Cup when its schooner America — from which the trophy takes its name — beat 15 yachts representing Britain's Royal Yacht Squadron in a race around the Isle of Wight in 1851. The United States held the trophy until 1983, when the challenger Australia II ended the streak. Team New Zealand has dominated the recent regattas. 'As the three-time successive winner and defender of the America's Cup and along with the Royal New Zealand Yacht Squadron as current Trustee, we feel the responsibility to continue to drive the growth of the America's Cup event,' Team New Zealand chief executive Grant Dalton said. 'Although the America's Cup is the oldest trophy in international sport and the pinnacle of sailing, its Achilles heel has always been its lack of continuity," he said. "So this transformation now gives all teams collective stewardship and we are introducing a new executive management team to be headed up by a new independent CEO.' In a move to contain costs, a cap of 75 million euros ($87 million) has been imposed on each team competing in 2027. Teams returning from the last America's Cup will be required to retain the same hulls while new teams will have to either acquire an AC75 hull or build to the same specifications. 'This is a seismic moment for the America's Cup,' Athena Racing team principal Ben Ainslie said. Athena Racing is the Challenger of Record which develops the protocol in partnership with the defender. 'The partnership agreement fundamentally reshapes the governance and organization of the event,' Ainslie said. 'The teams and yacht clubs share a vision to make the America's Cup more inclusive, compelling and financially sustainable. "This new model marks a unified commitment to that vision. I am excited for the future of the sport.' Tuesday's announcement follows a fractious development process for the protocol during which Athena Racing and the American and Swiss challengers criticized Team New Zealand's management of the event. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Reuters
5 days ago
- Business
- Reuters
America's Cup 2027 teams to share equal governance under new partnership
Aug 12 (Reuters) - The 2027 America's Cup will see a governance change with participating teams set to share equal authority through the America's Cup Partnership as they look to grow the sport globally, organisers said on Tuesday. ACP will organise and manage the event's on and off-water format and oversee media and commercial rights. Organisers had already agreed to stick with the AC75 foiling monohull vessels for the 38th America's Cup, which will be held in Naples, Italy in the spring and summer of 2027. At least one female crew member will be on board the AC75 as part of inclusivity efforts, while a 75 million euros ($87.10 million) cost cap is set for each team to control spending. "The crew of the AC75s will consist of five sailors, with increased function of the boat powered by battery," organisers said in a statement. "The nationality clause requires that two sailors plus the female sailor must be a national of the country of the competitor but will allow up to two non-nationals to sail on board as well." New York Yacht Club (NYYC) commodore Jay Cross said they are "completely supportive" of the move. The America's Cup, billed as the oldest trophy in international sport, was retained by New Zealand last October in Barcelona when they beat Britain. NYYC are the most successful team with 25 titles. "As the three-time successive winner and Defender of the America's Cup and along with the RNZYS (Royal New Zealand Yacht Squadron) as current Trustee, we feel the responsibility to continue to drive the growth of the America's Cup event," Team New Zealand CEO Grant Dalton said in a statement. "Although the America's Cup is the oldest trophy in international sport and the pinnacle of sailing, its Achilles heel has always been its lack of continuity, so this transformation now gives all teams collective stewardship ... "By negotiating this Protocol and the America's Cup Partnership with the Challenger of Record, it provides certainty for teams, commercial partners, and event venues to invest for multiple editions ..." Britain's Athena Racing team is the Challenger of Record for the 38th America's Cup. Entries open from August 19. ($1 = 0.8611 euros)
The Star
5 days ago
- Sport
- The Star
Sailing-America's Cup 2027 teams to share equal governance under new partnership
FILE PHOTO: Sailing - 37th America's Cup - New Zealand v Britain - Barcelona, Spain - October 19, 2024 INEOS Britannia and Emirates Team New Zealand in action during race nine REUTERS/Albert Gea/File Photo (Reuters) -The 2027 America's Cup will see a governance change with participating teams set to share equal authority through the America's Cup Partnership as they look to grow the sport globally, organisers said on Tuesday. ACP will organise and manage the event's on and off-water format and oversee media and commercial rights. Organisers had already agreed to stick with the AC75 foiling monohull vessels for the 38th America's Cup, which will be held in Naples, Italy in the spring and summer of 2027. At least one female crew member will be on board the AC75 as part of inclusivity efforts, while a 75 million euros ($87.10 million) cost cap is set for each team to control spending. "The crew of the AC75s will consist of five sailors, with increased function of the boat powered by battery," organisers said in a statement. "The nationality clause requires that two sailors plus the female sailor must be a national of the country of the competitor but will allow up to two non-nationals to sail on board as well." New York Yacht Club (NYYC) commodore Jay Cross said they are "completely supportive" of the move. The America's Cup, billed as the oldest trophy in international sport, was retained by New Zealand last October in Barcelona when they beat Britain. NYYC are the most successful team with 25 titles. "As the three-time successive winner and Defender of the America's Cup and along with the RNZYS (Royal New Zealand Yacht Squadron) as current Trustee, we feel the responsibility to continue to drive the growth of the America's Cup event," Team New Zealand CEO Grant Dalton said in a statement. "Although the America's Cup is the oldest trophy in international sport and the pinnacle of sailing, its Achilles heel has always been its lack of continuity, so this transformation now gives all teams collective stewardship ... "By negotiating this Protocol and the America's Cup Partnership with the Challenger of Record, it provides certainty for teams, commercial partners, and event venues to invest for multiple editions ..." Britain's Athena Racing team is the Challenger of Record for the 38th America's Cup. Entries open from August 19. ($1 = 0.8611 euros) (Reporting by Pearl Josephine Nazare in Bengaluru; Editing by Ken Ferris)
Straits Times
5 days ago
- Business
- Straits Times
America's Cup 2027 teams to share equal governance under new partnership
Sign up now: Get ST's newsletters delivered to your inbox The 2027 America's Cup will see a governance change with participating teams set to share equal authority through the America's Cup Partnership as they look to grow the sport globally, organisers said on Tuesday. ACP will organise and manage the event's on and off-water format and oversee media and commercial rights. Organisers had already agreed to stick with the AC75 foiling monohull vessels for the 38th America's Cup, which will be held in Naples, Italy in the spring and summer of 2027. At least one female crew member will be on board the AC75 as part of inclusivity efforts, while a 75 million euros ($87.10 million) cost cap is set for each team to control spending. "The crew of the AC75s will consist of five sailors, with increased function of the boat powered by battery," organisers said in a statement. "The nationality clause requires that two sailors plus the female sailor must be a national of the country of the competitor but will allow up to two non-nationals to sail on board as well." New York Yacht Club (NYYC) commodore Jay Cross said they are "completely supportive" of the move. Top stories Swipe. Select. Stay informed. Singapore Luxury items seized in $3b money laundering case handed over to Deloitte for liquidation Singapore Power switchboard failure led to disruption in NEL, Sengkang-Punggol LRT services: SBS Transit Singapore NEL resumes service after hours-long power fault; single-track service on Sengkang-Punggol LRT Business Ninja Van cuts 12% of Singapore workforce after 2 rounds of layoffs in 2024 Singapore Hyflux investigator 'took advantage' of Olivia Lum's inability to recall events: Davinder Singh Singapore Man who stabbed son-in-law to death in Boon Tat Street in 2017 dies, aged 80 Singapore Scoot to launch flights to Chiang Rai, Okinawa, Tokyo-Haneda, boost frequency to other places Singapore Man who stalked woman blasted by judge on appeal for asking scandalous questions in court The America's Cup, billed as the oldest trophy in international sport, was retained by New Zealand last October in Barcelona when they beat Britain. NYYC are the most successful team with 25 titles. "As the three-time successive winner and Defender of the America's Cup and along with the RNZYS (Royal New Zealand Yacht Squadron) as current Trustee, we feel the responsibility to continue to drive the growth of the America's Cup event," Team New Zealand CEO Grant Dalton said in a statement. "Although the America's Cup is the oldest trophy in international sport and the pinnacle of sailing, its Achilles heel has always been its lack of continuity, so this transformation now gives all teams collective stewardship ... "By negotiating this Protocol and the America's Cup Partnership with the Challenger of Record, it provides certainty for teams, commercial partners, and event venues to invest for multiple editions ..." Britain's Athena Racing team is the Challenger of Record for the 38th America's Cup. Entries open from August 19. REUTERS
CNA
5 days ago
- Business
- CNA
Sailing-America's Cup 2027 teams to share equal governance under new partnership
The 2027 America's Cup will see a governance change with participating teams set to share equal authority through the America's Cup Partnership as they look to grow the sport globally, organisers said on Tuesday. ACP will organise and manage the event's on and off-water format and oversee media and commercial rights. Organisers had already agreed to stick with the AC75 foiling monohull vessels for the 38th America's Cup, which will be held in Naples, Italy in the spring and summer of 2027. At least one female crew member will be on board the AC75 as part of inclusivity efforts, while a 75 million euros ($87.10 million) cost cap is set for each team to control spending. "The crew of the AC75s will consist of five sailors, with increased function of the boat powered by battery," organisers said in a statement. "The nationality clause requires that two sailors plus the female sailor must be a national of the country of the competitor but will allow up to two non-nationals to sail on board as well." New York Yacht Club (NYYC) commodore Jay Cross said they are "completely supportive" of the move. The America's Cup, billed as the oldest trophy in international sport, was retained by New Zealand last October in Barcelona when they beat Britain. NYYC are the most successful team with 25 titles. "As the three-time successive winner and Defender of the America's Cup and along with the RNZYS (Royal New Zealand Yacht Squadron) as current Trustee, we feel the responsibility to continue to drive the growth of the America's Cup event," Team New Zealand CEO Grant Dalton said in a statement. "Although the America's Cup is the oldest trophy in international sport and the pinnacle of sailing, its Achilles heel has always been its lack of continuity, so this transformation now gives all teams collective stewardship ... "By negotiating this Protocol and the America's Cup Partnership with the Challenger of Record, it provides certainty for teams, commercial partners, and event venues to invest for multiple editions ..." Britain's Athena Racing team is the Challenger of Record for the 38th America's Cup. Entries open from August 19. ($1 = 0.8611 euros)
