The acrimonious split between two knights, Sir Ben Ainslie and Sir Jim Ratcliffe, has cast uncertainty over the next edition of the America’s Cup, with crucial negotiations unable to move forward while the disputing parties engage in legal proceedings.
In a statement at the time, the chair of the RYS, Bertie Bicket, said the club had been “delighted” to be accepted and was “fully committed to working with the Defender to agree a Protocol aimed to encourage more participant Challenger countries”.
But it appears that the Protocol is now at impasse with uncertainty not only over which boat will challenge New Zealand, but whether the RYS will be able to retain its position as Challenger of Record if matters are not resolved.
The Guardian understands that a commercial dispute over who owns what within the Ineos Britannia partnership, which was dissolved by Ratcliffe this week, has meant progress over the “protocol” for the 38th America’s Cup will have to be put on hold.
Officially the Challenger is a yacht club, in this case the Royal Yacht Squadron (RYS), based in Cowes on the Isle of Wight.
