After Ineos Britannia lost to New Zealand 7-2 in the 37th America’s Cup, skipper Ben Ainslie confirmed his team would return for the next edition, but he was less certain about his funding. Three months on, this report by The Times notes how Ainslie is close to a split with his primary sponsor
It is understood that relations between Ainslie, the four-times Olympic champion, and Sir Jim Ratcliffe, the Ineos chief executive and Manchester United co-owner, have deteriorated as plans for another campaign have been discussed.
Ratcliffe and Ineos have plowed about £240million into the America’s Cup project, but both he and Ainslie made it clear they did not want Ineos to be the sole sponsor for the next attempt, which is likely to be in 2027. – Full report
Details: https://www.americascup.com/
Defender New Zealand will work with the Challenger of Record from Great Britain to organize the 38th America’s Cup. Anticipated to be held in 2027, the two teams have agreed on some details with the venue to be confirmed by June 2025 after Barcelona declined hosting another edition.
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