America's Cup Field Thins Before Deadline
The America's Cup field is expected to be smaller than anticipated, with American Magic opting not to enter the competition.
This decision may lead to a drop in the number of Challenger teams, but it will also release talented individuals into the market.
"I think it's going to be anywhere between four to seven teams. That is the reality." - Ben Ainslie, Athena Racing's CEO
"Including the Defender." - Grant Dalton, Emirates Team New Zealand CEO
The initial entry close date is October 31, with a late entry deadline three months later, albeit with a significant penalty.
As part of the entry process, teams must sign a Terms Sheet agreeing to the America's Cup Partnership agreement, creating a "perpetual partnership" to run future America's Cups, as described by Grant Dalton.
Author's summary: America's Cup entries expected to be low.
- Initial entry close date: October 31
- Late entry deadline: three months later
- Penalty for late entry: significant