US out of AC38

“We care deeply about the America’s Cup and what it represents. However, for a team committed to long-term excellence, alignment around financial viability and competitive performance is essential. At this time, we don’t believe those conditions are in place for American Magic to challenge.”

While American Magic will not take part in the next edition of the America’s Cup, the team remains fully committed to its founding purpose: building a high-performance American sailing platform that competes and wins on the global stage.

“Our focus now shifts to the future,” said Mike Cazer, CEO of American Magic. “That means athlete and technology development, international competition, and continuing to drive advanced manufacturing and design innovation from our base in Pensacola.”

Founded in 2017, American Magic has represented the New York Yacht Club in two America’s Cup campaigns and supports elite American sailors across senior, youth, and women’s disciplines.

World Champion Australian sailor and Olympian, Tom Slingsby joined American Magic in 2022 and helmed their entry, known as Patriot, in the 37th America’s Cup in Barcelona.

The team will continue to invest in the sport through its Pensacola-based high-performance centre and international racing campaigns, including programs that support US Olympic sailors. These efforts reinforce Pensacola’s role as a hub for top-tier American sailing talent.

“To our teammates, partners, donors, and supporters — thank you for standing with us,” said Terry Hutchinson, President of Sailing Operations.

“We could never have accomplished what we have without you. You are a vital part of who we are.”

American yachts have won the America’s Cup a record 25 times and held it from its first race in 1851 all the way through 1983, when Australia II representing the Royal Perth Yacht Club,  skippered by John Bertrand and featuring the revolutionary “winged keel” design by Ben Lexcen, defeated the New York Yacht Club’s Liberty.

americanmagic.americascup.com