Former Goldman Sachs and HSBC chief to run America’s Cup Sport Business A former Goldman Sachs and HSBC boss has been appointed the first chief executive of the newly-formed America’s Cup Partnership. America’s Cup Partnership was set up following a new commercial agreement between the defending champions, The Royal New Zealand Yacht Squadron, and the British challenger, The Royal Yacht Squadron. And Marzio Perrelli, former chief executive [...]
America’s Cup chaos as US entry withdraws two days before deadline Sport Business US sailing team American Magic has withdrawn from the next America’s Cup after British entry Athena and holders New Zealand signed a new commercial deal. American Magic, whose founders include Indianapolis Motor Speedway owner Roger Penske, cited issues with the present structure, insisting it “does not provide the framework for American Magic to operate a [...]
SailGP to announce expansion team in coming weeks Sport Business The expanding SailGP sailing series will announce details of a 13th team in the “coming weeks” before adding a 14th in 2027. The Formula 1 of water has an eclectic mix of celebrity, brand and private owners and will see two further teams join the regatta series in the coming years. Two years ago there [...]
Exclusive: America’s Cup deal opens door to sailing prize money August 13, 2025 The new commercial partnership signed as part of the coming 38th America’s Cup opens the door to the world’s oldest sporting trophy offering prize money, Morning Wire can reveal. An agreement signed by the defending champions, The Royal New Zealand Yacht Squadron, and the British challenger, The Royal Yacht Squadron, is seen as a seismic [...]
Naples, Italy to host 2027 America’s Cup with PM Meloni backing May 15, 2025 Naples in Italy will host the 38th America’s Cup after holders New Zealand were unable to stage the sailing regatta in their own country. The Aotearoa government rejected attempts by Emirates Team New Zealand after the Kiwis won the last event in Barcelona, beating Sir Ben Ainslie and Sir Jim Ratcliffe’s challenger Britannia. “While the [...]
America’s Cup: Government reject New Zealand attempt to host on home soil March 31, 2025 America’s Cup winners New Zealand will not defend their title at home in Auckland after the nation’s government refused to back plans for the 2027 regatta. New Zealand are double defending champions having won the 36th America’s Cup in 2021 in Auckland before successfully winning a second consecutive title in Barcelona. The Government of Catalonia, [...]
Man United investor Ineos splits with key sport figure January 24, 2025 Ineos, minority investors of Manchester United, split with a key sports figure on Thursday, citing a failure to agree over the future. The Sir Jim Ratcliffe-owned chemicals giant and British Olympic gold medal winner Sir Ben Ainslie have parted ways following Britain’s first appearance in an America’s Cup final in 60 years. The two parties [...]
Ineos Britannia closes gap in America’s Cup to 4-2 October 16, 2024 The Ineos Britannia America’s Cup dream is alive after Great Britain won both races on Wednesday to reduce the deficit to 4-2. In the first-to-seven America’s Cup match play, Ineos Britannia – led by Olympic sailing legend Ben Ainslie – went 4-0 down after being blown out of the water in the early stages by [...]
Ainslie can draw on 2013 America’s Cup to inspire Ineos Britannia October 16, 2024 In the early afternoon of 18 September 2013 – 4,046 days ago – Team New Zealand crossed the finish line in San Francisco Bay 15 seconds ahead of Oracle Team USA and took an 8-1 lead in the America’s Cup. The sailing contest has no prize money on the line – it is a rich [...]