Changing core element of America’s Cup?

Jim Ratcliffe, who funded the past two America’s Cup campaigns for Great Britain, was interviewed by the BBC regarding his many investments in sport. While the topics mostly focused on football, BBC sports editor Dan Roan did seek insight on Ratcliffe’s split with skipper Ben Ainslie:

It might be legally sensitive but tell us about the America’s Cup and Sir Ben Ainslie… you split and he is threatening legal action. What went wrong? What happened there?

All I can say is Ben wanted to do his own thing and that’s fine. He’s going to do his own thing. We will be at the next America’s Cup and I think we will be there with a very quick boat.

Will you be the Challenger of Record, or will that be Sir Ben’s boat?

The question is really whether there will be a Challenger of Record because the format of the America’s Cup will change where the likelihood is you’ll finish with a governing body who will replace the Challenger of Record. I think probably we will not be the Challenger of Record at the next America’s Cup but then the Challenger of Record has never won the America’s Cup. It doesn’t worry me too much if we’re not challenger of record.

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.

Source: America’s Cup Media