{"id":425,"date":"2025-10-29T14:50:08","date_gmt":"2025-10-29T14:50:08","guid":{"rendered":"https:\/\/yachtersworld.com\/?p=425"},"modified":"2025-10-29T14:50:08","modified_gmt":"2025-10-29T14:50:08","slug":"american-magic-announces-withdrawal-from-38th-americas-cup","status":"publish","type":"post","link":"https:\/\/yachtersworld.com\/?p=425","title":{"rendered":"American Magic announces withdrawal from 38th America\u2019s Cup"},"content":{"rendered":"

American Magic has announced it will not compete in the 38th edition of the America\u2019s Cup, stating that the event\u2019s current Protocol does not provide the necessary framework for a financially sustainable campaign<\/strong><\/p>\n

\"Paul
Paul Goodison takes control of American Magic\u2019s latest Patriot preparing for this year\u2019s America\u2019s Cup off Barcelona. Photo: Ugo Fonoll\u00e1\/America\u2019s Cup<\/figcaption><\/figure>\n

The US-based America\u2019s Cup team, American Magic<\/a> has announced it will not compete in the 38th edition of the America\u2019s Cup<\/a>, stating that the event\u2019s current Protocol and new Partnership Agreement \u2018do not provide the necessary framework for a financially sustainable and highly competitive campaign\u2019.<\/p>\n

The team, which has represented the New York Yacht Club in the previous two Cup cycles, made the decision following, what they call \u2018an extensive review of the governing documents\u2019.<\/p>\n

\u201cAfter extensive engagement with the Defender [Emirates Team New Zealand<\/a>], Challenger of Record [Athena Racing<\/a>], and fellow teams, we\u2019ve 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\u2019s Cup,\u201d said Team Principal Doug DeVos.<\/p>\n

\u201cFor a team committed to long-term excellence, alignment around financial viability and competitive performance is essential. At this time, we don\u2019t believe those conditions are in place for American Magic to challenge.\u201d<\/p>\n

The decision comes amid significant structural changes to the America\u2019s Cup<\/a>. The new America\u2019s Cup Partnership (ACP), established in the latest Protocol, fundamentally changes how the event is run.<\/p>\n

The ACP aims to spread the logistical and financial burden of hosting the event among the Challengers and Defender, creating a more commercial structure intended to secure long-term sponsorship and hosting deals.<\/p>\n

However, the American Magic\u2019s withdrawal reflects growing concerns that this \u201cdemocratisation\u201d of the Cup, which shifts away from the traditional winner-takes-all format, may dilute the event\u2019s unique appeal and prestige.<\/p>\n

Critics of the ACP argue that commercialising the competition risks turning it into a world championship circuit, potentially making it harder for teams like American Magic to raise the necessary high-level finance by reducing the unique cachet of challenging for the Auld Mug.<\/p>\n

Despite the withdrawal, American Magic confirmed it remains committed to its founding purpose of building a high-performance American sailing platform. The team\u2019s focus will now shift to athlete and technology development, international competition, and supporting U.S. Olympic sailing<\/a> from its base in Pensacola, Florida.<\/p>\n

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The post American Magic announces withdrawal from 38th America\u2019s Cup<\/a> appeared first on Yachting World<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

American Magic has announced it will not compete in the 38th edition of the America\u2019s Cup, stating that the event\u2019s current Protocol does not provide the necessary framework for a financially sustainable campaign Paul Goodison takes control of American Magic\u2019s latest Patriot preparing for this year\u2019s America\u2019s Cup off Barcelona. Photo: Ugo Fonoll\u00e1\/America\u2019s Cup The…<\/p>\n","protected":false},"author":1,"featured_media":426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/yachtersworld.com\/index.php?rest_route=\/wp\/v2\/posts\/425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yachtersworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yachtersworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yachtersworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yachtersworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=425"}],"version-history":[{"count":0,"href":"https:\/\/yachtersworld.com\/index.php?rest_route=\/wp\/v2\/posts\/425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yachtersworld.com\/index.php?rest_route=\/wp\/v2\/media\/426"}],"wp:attachment":[{"href":"https:\/\/yachtersworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yachtersworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yachtersworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}