{"id":162353,"date":"2026-03-21T17:54:53","date_gmt":"2026-03-21T17:54:53","guid":{"rendered":"https:\/\/www.yachtingworld.com\/?p=162353"},"modified":"2026-04-16T09:38:04","modified_gmt":"2026-04-16T08:38:04","slug":"ineos-challenges-ainslie-over-180m-americas-cup-boat","status":"publish","type":"post","link":"https:\/\/www.yachtingworld.com\/all-latest-posts\/ineos-challenges-ainslie-over-180m-americas-cup-boat-162353","title":{"rendered":"INEOS challenges Ainslie over \u00a3180m America\u2019s Cup boat"},"content":"Former British America\u2019s Cup<\/a> team title sponsor Sir Jim Ratcliffe of petrochemicals giant INEOS is taking legal action against team boss Sir Ben Ainslie<\/a> over the ownership of the AC75 yacht used in the last America\u2019s Cup<\/a>.\r\n\r\nThe yacht raced as INEOS Britannia<\/em> in the 37th America\u2019s Cup, winning the Louis Vuitton Cup<\/a> challengers\u2019 series in 2024 to become the first British boat in an America\u2019s Cup final<\/a> for 60 years.\r\n\r\nDespite the team\u2019s success, Ainslie and Ratcliffe\u2019s relationship disintegrated, and the partnership was not renewed for a third Cup cycle, the two parties officially splitting in January 2025.\r\n
<\/div>\r\n\r\n[caption id=\"attachment_127242\" align=\"alignnone\" width=\"630\"]\"ac75-sailing-david-freddie-carr-interview-skipper-sir-ben-ainslie-credit-Team-INEOS-UK-Lloyd-Images\" Sir Ben Ainslie was Team principal and skipper for the INEOS Britannia British America's Cup team. Photo: Team INEOS UK \/Lloyd Images[\/caption]\r\n\r\nAt the time, there was much speculation over who actually owned the assets of the team \u2014 both the physical AC75, but also the enormously valuable intellectual property associated with the performance data. That question may now be answered in court, as in a statement today INEOS announced that they are taking legal steps to reclaim the physical AC75.\r\n\r\nFor the 38th America\u2019s Cup, which takes place in Naples next summer, the same boats that were raced in Barcelona in 2024 are being reused, so the latest generation AC75s are being re-moded to meet the AC38 class rules.\r\n\r\n[caption id=\"attachment_154482\" align=\"alignnone\" width=\"630\"]\"\" INEOS Britannia racing in the Louis Vuitton Cup, Semi Finals in 2024. The AC75s will be remodelled to replace the grinders with battery power and reduce crew numbers, plus add a guest sailor slot.[\/caption]\r\n

Legal challenge for INEOS Britannia<\/h2>\r\nINEOS's statement read: \u201cINEOS is surprised that the boat we built for the last America\u2019s Cup (AC37) has been taken by Athena Racing. The boat belongs to INEOS and it is inappropriate to assume it can be used for the next competition without seeking our permission.\r\n\r\n\u201cThe boat was the most successful British boat in history and cost INEOS \u00a3180m and evolved naturally from the first boat which cost a further \u00a3170m. INEOS is taking legal steps for the boat to be returned.\u201d\r\n\r\nAthena Racing responded to the claim this afternoon, stating: \u201cIt should come as no surprise to Ineos that assets which are owned by, and have always been in the possession of Athena Racing are being used for AC38.\u201d\r\n\r\n[caption id=\"attachment_154568\" align=\"alignnone\" width=\"630\"]\"\" INEOS Britannia crew, with Ratcliffe in white, celebrate winning the Luis Vuitton Cup in 2024. Photo: Ricardo Pinto \/ America's Cup[\/caption]\r\n\r\nTheir full statement read: \u201cAthena Racing is proud of its achievements over the past 12 years since launching the British America's Cup team in 2014. Britain has still not won the America's Cup in its 175 year history which started off our shores in 1851. The mission of the last 12 years remains the same, to win sports oldest international trophy for the nation.\r\n\r\n\u201cOur America's Cup team, GB1, alongside our Women's and Youth America's Cup squads are currently training together in Cagliari in preparation for the first Preliminary America's Cup regatta in May. The 150 strong team based out of Portsmouth are focussed on the task at hand, working with some of the best British technology companies and developing skills and careers for generations to come.\r\n\r\n\u201cWe will always appreciate the sponsorship and support of Ineos over the last two campaigns, culminating in the team becoming the most successful British Challenger in 60 years in Barcelona 2024.\r\n\r\n\u201cIt should come as no surprise to Ineos that assets which are owned by, and have always been in the possession of Athena Racing are being used for AC38.\u201d\r\n

Critical timing<\/h2>\r\nRatcliffe sponsored the team for two cycles (AC36 and AC37), which had previously evolved from BAR Racing, the British Challengers for the 35th America\u2019s Cup.\r\n\r\nAinslie is founder and CEO of the Athena Sports Group, which includes the Emirates Great Britain SailGP Team, the British America's Cup Team - now rebranded as GB1 -\u00a0 and the Athena Pathway development programme.\r\n\r\nIn December 2025, it was announced that Oakley Capital has acquired a majority stake in Athena Racing, the America\u2019s Cup team. Oakley Capital is a private equity group headed up by Peter Dubens, himself a long-time supporter of British America\u2019s Cup challenges. Oakley Capital also owns the North Technology Group, which includes Southern Spars and North Sails, which are key suppliers to all teams in the Cup.\r\n\r\nThis dispute comes at a critical point in the short 38th America\u2019s Cup cycle, with the British among many teams confirming key team signings (GB1 has recently confirmed Dylan Fletcher, Bleddyn Mon and Ben Cornish), and the New Zealand team unveiling their updated AC75 in recent days.\r\n\r\n[caption id=\"attachment_154593\" align=\"alignnone\" width=\"630\"]\"\" Dylan Fletcher (left) co-helmed INEOS Britannia alongside Ainslie (right) in 2024 and has been reconfirmed as helmsman for GB1. Photo: Ian Roman \/ America's Cup[\/caption]\r\n\r\nWe'll update more on this story as it develops.\r\n\r\n ","excerpt":{"rendered":"

Former British America\u2019s Cup team title sponsor Sir Jim Ratcliffe of petrochemicals giant INEOS is taking legal action against team boss Sir Ben Ainslie over the ownership of the AC75 yacht used in the last America\u2019s Cup. The yacht raced as INEOS Britannia in the 37th America\u2019s Cup, winning the Louis Vuitton Cup challengers\u2019 series in 2024 to become the first British boat in an America\u2019s Cup final for 60 years. Despite the team\u2019s success, Ainslie and Ratcliffe\u2019s relationship disintegrated, and the partnership was not renewed for a third Cup cycle, the two parties officially splitting in January 2025. At the time, there was much speculation over who actually owned the assets of the team \u2014 both the physical AC75, but also the enormously valuable intellectual property associated with the performance data. That question may now be answered in court, as in a statement today INEOS announced that they are taking legal steps to reclaim the physical AC75. For the 38th America\u2019s Cup, which takes place in Naples next summer, the same boats that were raced in Barcelona in 2024 are being reused, so the latest generation AC75s are being re-moded to meet the AC38 class rules. Legal challenge for INEOS Britannia INEOS’s statement read: \u201cINEOS is surprised that the boat we built for the last America\u2019s Cup (AC37) has been taken by Athena Racing. The boat belongs to INEOS and it is inappropriate to assume it can be used for the next competition without seeking our permission. \u201cThe boat was the most successful British boat in history and cost INEOS \u00a3180m and evolved naturally from the first boat which cost a further \u00a3170m. INEOS is taking legal steps for the boat to be returned.\u201d Athena Racing responded to the claim this afternoon, stating: \u201cIt should come as no surprise to Ineos that assets which are owned by, and have always been in the possession of Athena Racing are being used for AC38.\u201d Their full statement read: \u201cAthena Racing is proud of its achievements over the past 12 years since launching the British America’s Cup team in 2014. Britain has still not won the America’s Cup in its 175 year history which started off our shores in 1851. The mission of the last 12 years remains the same, to win sports oldest international trophy for the nation. \u201cOur America’s Cup team, GB1, alongside our Women’s and Youth America’s Cup squads are currently training together in Cagliari in preparation for the first Preliminary America’s Cup regatta in May. The 150 strong team based out of Portsmouth are focussed on the task at hand, working with some of the best British technology companies and developing skills and careers for generations to come. \u201cWe will always appreciate the sponsorship and support of Ineos over the last two campaigns, culminating in the team becoming the most successful British Challenger in 60 years in Barcelona 2024. \u201cIt should come as no surprise to Ineos that assets which are owned by, and have always been in …Continue reading »<\/a><\/p>\n","protected":false},"author":1571,"featured_media":152305,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[687,20],"tags":[2505,569,1633],"review_manufacturer":[],"acf":[],"introduction":null,"_links":{"self":[{"href":"https:\/\/www.yachtingworld.com\/wp-json\/wp\/v2\/posts\/162353"}],"collection":[{"href":"https:\/\/www.yachtingworld.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yachtingworld.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yachtingworld.com\/wp-json\/wp\/v2\/users\/1571"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yachtingworld.com\/wp-json\/wp\/v2\/comments?post=162353"}],"version-history":[{"count":5,"href":"https:\/\/www.yachtingworld.com\/wp-json\/wp\/v2\/posts\/162353\/revisions"}],"predecessor-version":[{"id":162357,"href":"https:\/\/www.yachtingworld.com\/wp-json\/wp\/v2\/posts\/162353\/revisions\/162357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yachtingworld.com\/wp-json\/wp\/v2\/media\/152305"}],"wp:attachment":[{"href":"https:\/\/www.yachtingworld.com\/wp-json\/wp\/v2\/media?parent=162353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yachtingworld.com\/wp-json\/wp\/v2\/categories?post=162353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yachtingworld.com\/wp-json\/wp\/v2\/tags?post=162353"},{"taxonomy":"review_manufacturer","embeddable":true,"href":"https:\/\/www.yachtingworld.com\/wp-json\/wp\/v2\/review_manufacturer?post=162353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}