Latest news with #AmericanMagic
Fox Sports
29-05-2025
- Sport
- Fox Sports
An America's Cup without an American boat? American Magic says it may not sail in Naples
Associated Press BARCELONA, Spain (AP) — 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 America's Cup defending champion 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 doesn't 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 syndicate 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, when an Australian syndicate won it. Team New Zealand responded to the American Magic statement by publicly releasing the latest draft version of the 2027 protocols 'as an illustration of complete transparency.' 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. In a statement, Team New Zealand said it had been working with all teams in developing plans for the 2027 event and the latest protocol went back to Athena Racing 10 days ago, before the announcement of Naples as host. '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,' Team New Zealand said. '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.' Team New Zealand said all teams had been offered 'full access and transparency to the host venue agreement' upon the signing of a non-disclosure agreement, but no NDAs had been returned. ___ AP sports: recommended
Yahoo
23-05-2025
- Sport
- Yahoo
An America's Cup without an American boat? American Magic says it may not sail in Naples
BARCELONA, Spain (AP) — 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 America's Cup defending champion 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 doesn't 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 syndicate 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, when an Australian syndicate won it. Team New Zealand responded to the American Magic statement by publicly releasing the latest draft version of the 2027 protocols 'as an illustration of complete transparency.' 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. In a statement, Team New Zealand said it had been working with all teams in developing plans for the 2027 event and the latest protocol went back to Athena Racing 10 days ago, before the announcement of Naples as host. '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,' Team New Zealand said. '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.' Team New Zealand said all teams had been offered 'full access and transparency to the host venue agreement' upon the signing of a non-disclosure agreement, but no NDAs had been returned. ___ AP sports: Joseph Wilson, The Associated Press
Japan Today
22-05-2025
- Sport
- Japan Today
An America's Cup without an American boat? American Magic says it may not sail in Naples
American Magic's AC75 boat sails during a semi-final America's Cup Regatta ahead of the 37th America's Cup sailing race along the Barcelona's coast, Spain, Sept. 14, 2024. (AP Photo/Joan Monfort, File) yachting By JOSEPH WILSON 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. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Times
22-05-2025
- Sport
- Times
America's Cup risks delay as Ben Ainslie accuses Kiwis of unfair advantage
Sir Ben Ainslie and his Athena Racing team have become embroiled in an America's Cup row with Team New Zealand after accusing last year's winners of a lack of transparency in announcing Naples as the next venue. Athena Racing said that was 'premature at best' and went on the attack alongside US counterparts American Magic. The American team also criticised Team New Zealand's lack of co-operation and warned they would have to withdraw unless there are meaningful changes to the draft rules. With the Swiss-based Alinghi Red Bull having already said they are winding down, the event is now at 'a crossroads' and in danger of missing their 2027 target. The next America's Cup had already been shrouded in controversy with Sir Jim Ratcliffe, the
RNZ News
22-05-2025
- Sport
- RNZ News
America's Cup challengers slam Team NZ's lack of 'transparency'
Ben Ainslie Photo: photosport Two challengers have accused defenders Team New Zealand of lacking "transparency" around the naming of Naples to host the next America's Cup. Sir Ben Ainslie's Athena Racing says "significant barriers" still remained to agreeing a "fair sporting protocol" for the event, without which any confirmation of the southern Italian city as the 2027 host venue was "premature, at best". Another challenger, American Magic, also cited "transparency" concerns and says their participation in the 2027 event is in serious doubt. Athena Racing represent the Royal Yacht Squadron Ltd, the Challenger of Record for the 38th America's Cup and negotiates the event protocol on behalf of all challengers to make the event fair and commercially viable. Grant Dalton Photo: © Chris Cameron 2013 In a statement, it said Team NZ are guilty of an "ongoing lack of transparency" after seven months of negotiations. "Despite recent progress being made, significant barriers remain," the statement said. "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." Athena Racing said it had no reason to doubt Naples would be a fine venue, it felt "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." Luna Rossa in action against American Magic, Barcelona, 2024 Photo: PHOTOSPORT American Magic followed up with its own statement, saying Team NZ had been "unwilling to commit to the transparency and cooperation necessary" ahead of the Naples announcement. The syndicate which represented the New York Yacht Club at last year's regatta in Barcelona, said it will reconsider its involvement. "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." Team NZ has been contacted by RNZ for comment. The Louis Vuitton 37th America's Cup Preliminary Regatta in Barcelona, Spain. Team New Zealand and Alinghi. 2024. Photo: AFP Swiss syndicate Alinghi said last month said it won't contest the next regatta, also citing transparency concerns, although that was unrelated to the Naples announcement, which had yet to be made. "We would have liked to have seen more accountability, more transparency, and new opportunities to compete not only individually, but also as a group," it's team statement said. "In this way, all together, we could have produced a commercially viable event that would have attracted global television coverage, viewers and sponsors." Team NZ chief executive Grant Dalton this week said he questioned whether Alinghi was serious about pulling out of the next challenge and suggested it could yet line up at the start line in Naples.
