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Ainslie's Team INEOS UK Continue Winning Streak in Prada Cup Day Two 16th January 2021 The British challenger INEOS TEAM UK again surprised many by winning their third race in a row Credit: COR36/ Studio Borlenghi A tricky and yet revealing day for the Challengers competing in the America's Cup PRADA Cup Round Robins due the to the tricky light wind conditions that frequently forced the AC75’s off their foils. A positive day for the Challenger of Record of Luna Rossa Prada Pirelli as the Italians took a nerve-wracking win against American Magic on the first race of the day to lodge their ...

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Team New Zealand and Ministry of Business Innovation & Employment settle America's Cup dispute 22 Dec, 2020 03:43 AM 3 minutes to read NZ Herald Correction: A report in the New Zealand Herald on December 23 incorrectly stated the Government contributed taxpayer funds towards Team New Zealand for the America's Cup campaign totalling more than $100 million, as well as $40 million to America's Cup Event Ltd to run the international regatta. This is incorrect. The Government is spending $136.5 million on the America's Cup. The Government's total spend includes a host fee of $40 million, which was...

Emirates Team New Zealand's base in Auckland's Viaduct Harbour © Richard Gladwell The long standing and at time bitter public wrangle over the AC75 class rule cost has been resolved, and America's Cup Event Ltd and its CEO and Directors, Grant Dalton, Tina Symmans and Greg Horton have been exonerated. A media release issued Tuesday afternoon confirms the Ministry of Business, Innovation and Economic Development (MBIE), Emirates Team New Zealand (ETNZ) and America's Cup Event Ltd (ACE) have met today in a mediation setting to resolve issues regarding whether the creation of the C...

ETNZ and ACE settle dispute with NZ government department 22 December 2020 Media release issued by MBIE on December 22, 2020: New Zealand's Ministry of Business, Innovation and Employment (MBIE),the Defender of the America's Cup Emirates Team New Zealand (ETNZ) and America's Cup Event Limited (ACE), the body set up by ETNZ to run the events, have met today in a mediation setting to resolve issues regarding whether the creation of the Class Rule for the America’s Cup was an Event Cost under the Host Venue Agreement. We regret the manner in which this issue has played out in the public arena...