Alinghi Red Bull Racing has announced its withdrawal from the upcoming America’s Cup competition, citing financial and strategic reasons. The team, which was set to compete in the 37th edition of the prestigious sailing event, confirmed the decision in a statement released today.
“After careful consideration and thorough analysis of our current situation, we have made the difficult decision to withdraw from the America’s Cup,” said team principal Bruno Troublé. “This was not an easy choice, but we believe it is the right one for the future of our organization.”
The withdrawal comes as a significant blow to the America’s Cup, which was scheduled to take place in Barcelona later this year. Organizers have yet to comment on how the absence of Alinghi Red Bull Racing will impact the competition format and schedule.
Alinghi Red Bull Racing has been a prominent participant in recent America’s Cup editions, most notably competing in the 36th edition held in Bermuda. The team has a history dating back to the original Alinghi squad that won the America’s Cup in 2003.
“We want to thank all our supporters, partners, and the incredible team members who have been part of this journey,” Troublé added. “While we are leaving the America’s Cup, we remain committed to the sport of sailing and look forward to exploring new opportunities in the future.”
The team’s departure leaves the field of competitors for the 37th America’s Cup reduced, with organizers now facing the challenge of potentially finding a replacement team or adjusting the competition format. The America’s Cup is known for its high-stakes, high-tech sailing competitions involving cutting-edge catamarans capable of speeds exceeding 50 knots.
Details regarding the future of Alinghi Red Bull Racing’s assets, including their AC75 foiling catamaran, have not been disclosed. The team’s withdrawal adds to the uncertainty surrounding the America’s Cup, which has already faced challenges related to cost and complexity in recent years.
Organizers of the America’s Cup are expected to provide further updates on how they plan to proceed with the competition in the coming days. The event remains one of the most prestigious and technically demanding regattas in the sailing world, attracting teams from around the globe.
Credits: Alinghi Red Bull Racing
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