INEOS Statement on the America's Cup
by INEOS 21 Mar 14:37 GMT

INEOS Britannia (windward mark in race 8) on Louis Vuitton Cup Final Race Day 5 - October 1, 2024 © David Maynard /
www.alleycatphotographer.com
INEOS is surprised that the boat we built for the last America's 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.
The boat was the most successful British boat in history and cost INEOS £180m and evolved naturally from the first boat which cost a further £170m. INEOS is taking legal steps for the boat to be returned.