America's Cup, privately owned and headquartered in New Zealand, was founded in 1851 and operates with approximately 50 employees, reporting $8.0M in revenue as of 2023. The company operates a sailing competition, managed as a co-venture between the Challenger of Record, based in Italy, and the previous winning team, which in 2021 was America Cup Events Limited in New Zealand.
On March 13, 2026, Emirates Team New Zealand's boat, Taihoro, completed its first flight, departing the dock at 11:30 and reaching the AC course E inland of Waiheke Island amidst conditions of 9–12 knots TWS. The team began hoisting sails at 12:50, raising the mainsail and J3, after addressing apparent non-hardware technical issues. This event follows the vessel's full refit to align with the updated class rule for the Louis Vuitton 38th America’s Cup and integrate new internal control systems, which Taihoro underwent after its return from Spain on March 12, 2026. Previously, on March 11, 2026, three-time America’s Cup winner Peter Burling was widely anticipated to serve as skipper for Luna Rossa, occupying the starboard pod, with discussions ongoing about his co-helm. On the same day, the Louis Vuitton 38th America’s Cup announced BWA YACHTING as its official Superyacht Programme Delivery Partner, with Luise Group designated as the preferred yacht agent. Furthermore, opportunities for volunteers opened for the upcoming regattas in Naples and Sardinia.
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