America's Cup

Australian Nathan Outteridge has been reportedly offered $1m to skipper in the next America’s Cup.

Former ETNZ director, Tina Symmans, will chair a newly formed separate company to run the America’s Cup in Auckland in 2021.

Two Australians were among the inductees at Cowes, with Ken McAlpine also being recognised for his many years of work as a measurer and class rule expert.

The 36th America’s Cup is to be raced in unprecedented proximity to land in Auckland, New Zealand.

Grant Simmer, INEOS TEAM UK CEO, was keen to stress this is only the start of a long process of design and development, in the build up to the America's Cup in 2021.

"Own the ultimate America's Cup flying machine" is the tease on his team's website as they plug the sale of the carbon-composite catamaran that is listed in "excellent" condition.

The 17 man squad includes nine Americans and eight sailors from Australia, New Zealand, Great Britain and Argentina.

Having run out of room to put their America's Cup win in Bermuda on the Auld Mug, the Royal New Zealand Yacht Squadron are having a silver band on the trophy re-modelled to fit their victories on.

Despite 21 past British challenges, 167 years has passed and Britain has still not won the trophy.

Interest continues from other potential challengers around the world who have until 30 November 2018 to enter.

The two chunks of buckled silver are leftovers from the three-month repair work done by London jewellers Garrard & Co after the America's Cup was damaged in a hammer attack by protester Benjamin Nathan at the Royal New Zealand Yacht Squadron in 1997.

Regattas are tipped for Sydney, Europe, Bermuda and San Francisco with the series starting later this year or early next year.

The material damage didn't affect Team France's equipment as this is now stored at their sports activity premises rather than in this base.

Sardinia Challenge will be headed by Renato Azzara, the founder of Sardinia Yacht Services, while the racing team will be headed by Duccio Colombi.

Kevin Shoebridge says the decision to have their own building facility was about "having control over what we do".