American Magic and Pensacola solidify partnership

Published on May 12th, 2023

The Port of Pensacola will be the permanent home of the American Magic yacht racing team. According to WearTV, Triumph Gulf Coast approved a $8.5 million grant to complete renovations to Warehouse 10 in the Port of Pensacola.

American Magic has used the Florida site as a winter training base since 2018, initially for the 2021 America’s Cup in New Zealand and most recently the 2024 event in Spain. The Cup challenger just completed their latest session and now will relocate to venue for the 37th edition in Barcelona.

With monies from the grant, the renovations will allow for the American Magic to permanently relocate their headquarters to the port. The grant will cover design, renovation, and completion of Warehouse 10, which includes the construction of a dock and boat ramp.

The City of Pensacola says the permanent relocation of American Magic will create 170 jobs in the advanced manufacturing, engineering and design, and high-tech research and development sectors.

“Today is a huge step in making Pensacola, Florida the sailing capital of the United States,” Pensacola Mayor D.C. Reeves said. “The support from the Triumph board and American Magic Sailing is monumental for the city, The Port of Pensacola and the entire region. We appreciate the board seeing this project the way our administration has: The American Magic team calling Pensacola its permanent home will be transformational for this community.”

Following the publication of the AC37 Protocol and AC75 Class Rule on November 17, 2021, the AC75 Class Rule and AC Technical Regulations were finalized on March 17, 2022. The entry period opened December 1, 2021 and runs until July 31, 2022, but late entries for the 37th America’s Cup may be accepted until May 31, 2023. The Defender was to announce the Match Venue on September 17, 2021 but postponed the venue reveal, confirming it would be Barcelona on March 30, 2022. The 37th America’s Cup will be held in September/October 2024.

Teams revealed to challenge defender Emirates Team New Zealand (NZL):
INEOS Britannia (GBR)
Alinghi Red Bull Racing (SUI)
Luna Rossa Prada Pirelli Team (ITA)
NYYC American Magic (USA)
K-Challenge Racing (FRA)

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