The America's Cup, a privately owned sailing competition founded in 1851, is headquartered in New Zealand. Employing approximately 50 people, the organization generated less than $10 million in revenue in 2023. Its operational structure involves a co-venture between the Challenger of Record (based in Italy) and the previous winning team; in 2021, this was America's Cup Events Limited (New Zealand).
Organizers announced a strategic collaboration with Confindustria Nautica at the 65th International Boat Show in Genoa, Italy, aligning the Italian marine industry with the 38th America’s Cup in Naples in 2027. Dan Bernasconi, Head of Design for Emirates Team New Zealand, unveiled key design parameters for the AC75s that will race in Naples in 2027. The AC75 Class Rules and Technical Regulations, focusing on cost containment, were issued to all teams and published. The Youth America’s Cup, a competition for sailors under 25, has been held since 2013.
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