US EditionThe America’s Cup Will Not Have an American Boat for the First Time After American Magic Pulls Out
American Magic cites lack of financial viability and competitive alignment as reasons for withdrawal, ending 175 years of American participation in the America's Cup.
- The team representing the New York Yacht Club announced Tuesday it will not enter American Magic in Naples, Italy, in 2027, leaving no American boat in the America's Cup for the first time in 175 years.
- DeVos said, 'After extensive engagement with the Defender, Challenger of Record, and fellow teams, we've concluded that the present structure does not provide the framework for American Magic to operate a highly competitive and financially sustainable campaign for the 38th America's Cup,' citing structural, financial, and competitive concerns.
- Last spring, British team Athena Racing criticized Team New Zealand for limited information on the Italian deal, and Team New Zealand responded by releasing draft 2027 protocols to show transparency.
- The team said it will remain committed to Pensacola and continue investing in a high-performance center, while Mike Cazer emphasized `Our focus now shifts to the future` ahead of a $20 million headquarters move in November.
- Under the rules of the America's Cup, the defender and Challenger of Record set race terms, and Team New Zealand signed an agreement earlier this year with Athena Racing defining 2027 rules.
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20 Articles
For the first time in 175 years of history no U.S. boat will be in the America Cup: American Magic will not be in Naples 2027 for lack of financial and competitive conditions, in controversy against New Zealand Team (and organizers). The U.S. won the trophy 25 times, dominating from 1851 to 1983
Associated Press News
The America's Cup will not have an American boat for the first time after American Magic pulls out
For the first time in 175 years, an American boat will not compete in the America's Cup. The New York Yacht Club announced that it won't enter its boat, American Magic, in the 2027 regatta in Naples, Italy.
American Magic Drops Out of 38th America's Cup - Rick's Blog
Pensacola-based sailing team shifts focus to long-term development as it steps away from yachting’s premier event. American Magic, the New York Yacht Club’s representative in sailing’s most prestigious competition, announced yesterday it will not take part in the 38th America’s Cup, citing fundamental disagreements with the event’s current structure and…
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