“It’s great to represent the New York Yacht Club in the America’s Cup,” Terry Hutchinson, American Magic’s president of sailing operations, said in a phone interview. While Stars+Stripes had to stop construction of an AC75 foiling monohull and never made it to the starting line in the last regatta, American Magic owns two race boats, a half-size test boat and enough equipment to fill 32 shipping containers. In mid-October, the club announced it was pausing its challenge due to uncertainty surrounding the 37th America’s Cup, which will be held sometime in 2024 at a venue to be determined. American Magic’s deal with the NYYC ended after the 36th America’s Cup in March and the venerable club signed the all-American Stars+Stripes sailing team in late July. While principals Doug DeVos - co-chairman of Amway - and Hap Fauth will continue to back American Magic, Penske said in an email to The Associated Press that he would not be part of the syndicate, adding, “I had enough,” followed by a smiley face emoji.įriday’s announcement is the latest turn for the New York Yacht Club, which once enjoyed a 132-year winning streak in the competition for the oldest trophy in international sports. team suffered a catastrophic capsize and was eliminated from the challenger trials without winning a race.
Penske, who owns the Indianapolis Motor Speedway as well as Team Penske, had been one of three principals for American Magic during the 2021 America’s Cup. The American Magic sailing team rejoined forces with the New York Yacht Club on Friday to announce a challenge for the America’s Cup, although it will be without auto racing titan Roger Penske as one of its principals.
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