Skip to main content
Updated:
Original:

Team Australia pulls out of America’s Cup

Following Team Australia’s announcement that it would pull out of the America’s Cup race, the remaining challenging teams issued a statement confirming their commitment to the event.

Teams Luna Rossa Challenge, Artemis Racing, Ben Ainslie Racing and Team France confirmed their support to the event regardless of host venue selected.

“The next America’s Cup is likely to be the most competitive, exciting and sustainable ever. We cannot wait to compete,” Artemis Racing team manager Iain Percy said in the statement.

The Australian team had entered in the hope of creating a more affordable and sustainable event, according to a statement issued by Team Australia and the Hamilton Island Yacht Club.

The New Zealand Herald called the statement issued from the remaining challengers “a boost for Oracle.”

Representatives from Luna Rossa, Artemis, Ben Ainslie Racing and a French challenge are set to meet with Oracle and America's Cup organizers on Tuesday to discuss details of the next regatta in 2017.

Emirates Team New Zealand was absent from the press release, a move that has angered America's Cup Events Authority head Russell Coutts.

While Team New Zealand will not be involved in the competitors' meeting, their intent to enter the next event is not in question, the newspaper reported. The team has indicated they will challenge for the 35th America's Cup and will be able to meet the $1 million entry fee before the Aug. 8 deadline.

Related

AIM Marine Group Hosts Meet the Editors Event

More than a dozen editors from Active Interest Media’s Marine Group participated in the day-long, information-sharing event.

Fairline Makes Leadership Appointments

The British luxury boatbuilder founded plans to chart its course for the future with a new CEO and the return of Derek Carter as chairman.

Battle on the Great Lakes Rages On

The Icebreaker Wind Turbine Development faces strong headwinds from boating and fishing groups.

Limestone Boat Co. Expands Dealer Network

The company adds four new dealers to its roster, with three to represent Aquasport Boats.

NMEA Announces ‘22 Training Course Schedule

For next year, marine training courses will be offered as virtual and in-person sessions for basic marine electronics installers, and in-person only for advanced installers.

GM Invests $150M in Electric Boat Start-Up

General Motors has acquired a 25-percent stake in Pure Watercraft, a Seattle-based e-propulsion outfit.

Patrick Acquires Marine and RV Seating Maker

The Elkhart, Ind.-based component manufacturer finalized its purchase of Williamsburg Marine and Williamsburg Furniture.