Please select your home edition
Vaikobi 2021 Boots - LEADERBOARD

America's Cup: Luna Rossa announces Challenge for AC37 has been accepted

by Richard Gladwell/ 16 Dec 2021 09:50 PST 17 December 2021
AC75 sails had to go from being 15% camber to get foiling to 0% to reduce drag - Luna Rossa - Hauraki Gulf - January 23, - Prada Cup © Richard Gladwell / / nz

Luna Rossa Challenge has announced that the Royal New Zealand Yacht Squadron has accepted the challenge of the Circolo Della Vela Sicilia and the Luna Rossa Team, filed on 1 December 2021.

In the coming weeks the Prada and Patrizio Bertelli team, led by Max Sirena, will continue to complete the team, Italian sailing website reports.

There are therefore four, and all highly competitive, teams challenging the defender Emirates Team New Zealand for the next America's Cup in 2024, Farevela says.

In addition to Luna Rossa and Alinghi Red Bull Racing, INEOS Team Britannia and the former American Magic will ensure a very high level of technology and competition.

Now all that remains is to wait for the announcement of the Cup venue, expected by March 2022, the report concludes.

Entries close on July 31, 2022, and there are expected to be more entries than for the 36th America's Cup, than the last.

With the acceptance of the entry by the defender, Royal New Zealand Yacht Squadron, Luna Rossa is liable for payment of the first entry installment of USD$1million.

Luna Rossa Challenge is now owned by Prada Group, who have also exercised their right of renewal to be naming rights sponsor for the America's Cup regattas, however whether that can be successfully negotiated into a contract for naming rights, remains to be seen. Part of that negotiation hinges around the yet to be announced venue selection. The team which has challenged for the America's Cup with seven times with six participations, was previously owned by a company controlled by Patrizio Bertelli, who has led the team for 22 years. The sale price has been reported at is €12 million euros, an extra payment of €5million if certain tax benefits are realized, within 19 months of the sale. This is the first time the value of a team has been published - and comes about as part of a notification of a material change in Prada Group, which is a publicly listed company. The management of Prada Group is being transferred to Lorenzo Bertelli, currently the Chief Marketing Officer for Prada Group.

Under the nationality rules that apply for the 37th America's Cup, the Luna Rossa AC36 sailing team are eligible to only sail for Italy, with the possible exception of twice Cup winning helmsman, Jimmy Spithill, who is believed to be eligible for Luna Rossa by virtue of the his participation in AC36 for the team.

At least two other teams are expected to challenge for the 37th America's Cup.

Related Articles

America's Cup: Update on INEOS Team Britannia
The INEOS media crew caught up with Giles Scott on the team's preparations ahead of a move to Spain The INEOS media crew caught up with Giles Scott, Senior Sailor, on how the team has been busy preparing to begin their Winter Training Camp in Palma later this year, sailing their AC40 Test Boat. Posted today at 4:09 am
America's Cup: Spying on the Spies in Barcelona
Unique to the 37th America's Cup, is an ambitious joint reconnaissance programme Unique to the 37th America's Cup, and set against this intense backdrop, is an ambitious joint reconnaissance programme, the brainchild of Emirates Team New Zealand's Chief Designer, Dan Bernasconi, and championed by Event CEO Grant Dalton. Posted on 16 Aug
America's Cup: Ready, Steady, Build!
America's Cup teams take over after base allocations determined - construction commences The final base allocations have been confirmed as Barcelona begins preparations for the 37th America's Cup and soon, the builders will move in as each team constructs their own base with a concentration on form, function and fan engagement. Posted on 16 Aug
Cup Critiqued: Swiss delayed..Challenger List
Alinghi Red Bull Racing's first sailing in their AC75 , has been delayed. Challengers confirmed Alinghi Red Bull Racing's first sailing in their AC75 BoatZero, has been delayed by unfavourable weather in Barcelona. The List of Challengers and order of entry is announced. Luna Rossa re-sign with performance technology partner for 2024 America's Cup. Posted on 12 Aug
Cup Critiqued: Coach Barker joins Alinghi
Rumours that Dean Barker had signed with Alinghi Red Bull Racing, were confirmed at the ARBR launch The rumours were confirmed at the launch of Alinghi Red Bull Racing's newly acquired AC75, that Dean Barker a veteran of seven America's Cups, has shifted to the ARBR coach boat. Posted on 9 Aug
America's Cup: First team ready to foil at venue
The first boat has already splashed in the just four months after the Barcelona venue was announced The first boat has already splashed in the coming America's Cup cycle - just four months after the venue was announced for Barcelona. Twice Cup champion Alinghi Red Bull Racing, was rolled out of the shed and christened in Barcelona. Posted on 8 Aug
America's Cup: Alinghi confirms Barcelona roll-out
Alinghi Red Bull Racing confirms almost ready to go in Barcelona - more action later this week? Via social media the Swiss America's Cup Challenger Alinghi Red Bull Racing have advised they are almost ready to launch their AC75, formerly Emirates Team NZ's Te Aihe, in Barcelona. Posted on 8 Aug
America's Cup: Multiple changes made to Protocol
Significant changes made to the Rules governing the 2024 America's Cup and Surrogate Boats Some of the changes relate to the announcement of Barcelona as the Host Venue, others close loopholes that could have been exploited, and there is a substantial section on Hydrogen-Powered Support vessels. Posted on 5 Aug
America's Cup bases now being allocated to teams
Defender has first choice on site in Barcelona Dalton: "All of the bases are located in the Barcelona Port Vell area along with the dedicated America's Cup race village, hospitality and fan zone areas which will create an amazing atmosphere in the lead up to and during the event in 2024." Posted on 2 Aug
America's Cup: First AC40 in fit-out - Video
The first AC40 multi-use yacht for America's Cup 2024 is being fitted out at the McConaghy Boats The first AC40 multi-use yacht for America's Cup 2024 is being fitted out at McConaghy Boats. The video and still images show the deck/cockpit layout for the first time. Posted on 23 Jul
RS Sailing 2021 - FOOTERVaikobi 2021 Boots - FOOTERCoast Guard Foundation FOOTER 3