American Magic will not participate in the next America's Cup, but the team said it remained committed to Pensacola. The team announced in a press release on Oct. 28 that it would not participate in ...

The New York YC's American Magic was 0-2 with its America's Cup challenges, and given its early eliminations from AC36 and AC37, the money burn rate was high and the return on investment low. It's all ...

American Magic announced in late October that it would not compete in the 38th edition of the America’s Cup in Naples, Italy. According to a team statement, the decision to end a bid for a third Cup ...

PENSACOLA, Florida -- There will be no American boat in the America's Cup for the first time in the event's 175-year history. The team representing the New York Yacht Club announced Tuesday that it ...

PENSACOLA, Florida (AP) — There will be no American boat in the America’s Cup for the first time in the event’s 175-year history. The team representing the New York Yacht Club announced Tuesday that ...