Decision made after strategic review
American Magic, the New York Yacht Club–backed syndicate that campaigned in both the 36th and 37th America’s Cup cycles, has announced it will not challenge for the 38th edition. The decision, confirmed from the team’s headquarters in Pensacola, Florida, on 28 October 2025, follows what management called a “comprehensive review” of the event’s structure and economics.
Team Principal Doug DeVos said the decision came only after months of discussions with the Defender, Challenger of Record, and other syndicates.
“After extensive engagement, we concluded that the present structure does not provide the framework for American Magic to operate a highly competitive and financially sustainable campaign,” DeVos said. “We care deeply about the America’s Cup and what it represents, but we don’t believe the current conditions support our long-term goals.”
Focus turns to the future
While stepping away from the next Cup, American Magic intends to continue developing its high-performance programme in the U.S. and abroad. CEO Mike Cazer said the team’s resources will now focus on athlete pathways, design innovation, and broader international competition.
“Our goal remains the same — to compete and win on the global stage,” he said. “That means ongoing investment in sailors, technology, and advanced manufacturing from our Pensacola base.”
Founded in 2017, American Magic has supported dozens of U.S. sailors across senior, youth, and women’s disciplines, and played a key role in revitalising elite sailing infrastructure along Florida’s Gulf Coast. Those initiatives, including partnerships with Olympic programmes, will continue.
A respectful farewell — for now
Terry Hutchinson, President of Sailing Operations, acknowledged the disappointment felt within the team and among supporters.
“To our teammates, partners, donors, and supporters — thank you for standing with us,” he said. “We could never have accomplished what we have without you. You are a vital part of who we are.”
Although American Magic’s absence from the 38th America’s Cup will be felt, the team’s commitment to American sailing remains firm — ensuring its story in the sport is far from over.
