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The Star
12-08-2025
- 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
12-08-2025
- 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
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.
