America's Cup, privately owned and headquartered in New Zealand, was founded in 1851 and operates with approximately 50 employees, reporting $8.0M in revenue as of 2023. The company operates a sailing competition, managed as a co-venture between the Challenger of Record, based in Italy, and the previous winning team, which in 2021 was America Cup Events Limited in New Zealand.
On March 21, 2026, Emirates Team New Zealand concentrated on refining "Taihoro" technique and gathering pop-to-flight data in 6-8 knot winds in Auckland, marking their fourth day of a potential 45-day training period before the January 14, 2027 cutoff. Earlier that day, an update highlighted that two months remain until the Sardinia event, where eight AC40s, featuring two teams from Emirates Team New Zealand and Luna Rossa, will compete in fully equalized AC40 yachts with auto-pilot flight control, including Women & Youth sailors in a 50/50 split. Previously, on March 19, the team conducted a nearly five-hour training session with "Taihoro" downrange, involving crew rotation and battery swaps. This followed the March 18 announcement that Ferrarelle became the official water of the Louis Vuitton 38th America’s Cup Naples, alongside its sponsorship of Emirates Team New Zealand, the Defender. Ferrarelle's logo will be displayed on the team’s two AC40 yachts and "Taihoro," the AC75 from 2024 that is being relaunched for the Naples 2027 campaign.
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