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The Independent UK
The Independent UK
Sport
Sports Staff

Ineos withdraws from America’s Cup challenge after split with Ben Ainslie

Ineos Jim Ratcliffe Ineos Britannia America Cup
Ineos Britannia, left, battling Emirates New Zealand in race six in Barcelona - (Getty Images)

Sir Jim Ratcliffe's Ineos Britannia has withdrawn its intention to compete in the 38th America's Cup.

The team, which lost 7-2 to Emirates Team New Zealand in the 37th edition last year, has announced it has "reluctantly withdrawn its challenge", claiming a six-month delay in reaching an agreement with Sir Ben Ainslie's Athena Racing Ltd had "undermined its ability to prepare" for the event.

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