Race for funding to enter America’s Cup

There are five official entries for the 38th America’s Cup, with a massive omission among the field field. Five countries are represented, and none of them are the United States of America. If no USA team participates, it will be the first time in the event’s 175-year history.

Riptide Racing hopes to change that, and has until the late deadline of January 31, 2026 to secure sufficient funding. The team has set a fundraising goal of $50 million dollars for their first challenge, with $30 million needed to meet the entry deadline.

Team founder Chris Poole initiated his effort to enter following the announcement by American Magic (USA) that they would not compete in the 38th edition of the America’s Cup.

Details: https://www.americascup.com/

Defender New Zealand and Challenger of Record from Great Britain confirmed the Protocol for the 38th America’s Cup on August 12, 2025. The close of the initial entry period was October 31, 2025, with late entries considered up to January 31, 2026. If no USA team participates in the 38th America’s Cup, it will be the first time in the event’s 175-year history.

Current entrants:
• Emirates Team New Zealand (NZL) – Defender
• Athena Racing (GBR) – Challenger of Record
• Luna Rossa (ITA) – Challenger
• Tudor Team Alinghi (SUI) – Challenger
• K-Challenge (FRA) – Challenger

After the 2024 event, Barcelona, Spain declined hosting another edition, with the venue moved to Naples, Italy. Racing will be in the spring and summer of 2027.

Source: AR