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America's Cup: Partnership Agreement reached - entries close in two weeks
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After nine months of intense negotiations, the Defender and the Challenger of Record have signed the America’s Cup Partnership, a new legal structure that will govern the organization of future editions of the America’s Cup. The discussions brought together all the teams present in the last edition: Luna Rossa, Alinghi Red Bull Racing, American Magic and K-Challenge, each of whom was able to express their point of view. A new governance in the f…
New era for the America's Cup
The ability for the America’s Cup to maximize its commercial potential had long been hindered by the Deed of Gift. While this document had guided the competition through global wars to become the most prominent trophy in yachting, modern competitors found its conditions prevented financial opportunity. Pressure for change was evident during the 2013 edition, and that appears to have happened. As we wait for confirmation, the current organizers h…
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