The decision follows a comprehensive review of the event’s current Protocol and Partnership Agreement and their alignment with the team’s long-term sporting and strategic objectives.
“After extensive engagement with the Defender, Challenger of Record, and fellow teams, we’ve concluded that the present structure does not provide the framework for American Magic to operate a highly competitive and financially sustainable campaign for the 38th America’s Cup”, said Doug DeVos, Team Principal of American Magic.
“We care deeply about the America’s Cup and what it represents. However, for a team committed to long-term excellence, alignment around financial viability and competitive performance is essential. At this time, we don’t believe those conditions are in place for American Magic to challenge.”
While American Magic will not take part in the next edition of the America’s Cup, the team remains fully committed to its founding purpose: building a high-performance American sailing platform that competes and wins on the global stage.
“Our focus now shifts to the future,” said Mike Cazer, CEO of American Magic. “That means athlete and technology development, international competition, and continuing to drive advanced manufacturing and design innovation from our base in Pensacola.”
Founded in 2017, American Magic has represented the New York Yacht Club in two America’s Cup campaigns and supports elite American sailors across senior, youth, and women’s disciplines. The team will continue to invest in the sport through its Pensacola-based high-performance center and international racing campaigns, including programs that support U.S. Olympic sailors. These efforts reinforce Pensacola’s role as a hub for top-tier American sailing talent.
“To our teammates, partners, donors, and supporters — thank you for standing with us,” said Terry Hutchinson, President of Sailing Operations. “We could never have accomplished what we have without you. You are a vital part of who we are.”
