The AC75 is a 75 ft sailing hydrofoil monohull class specifically designed for the 36th America's Cup. The team has two America's Cup 75 class ( AC75) boats. A likely competitor for the 37th America's Cup, Team INEOS Britannia skipper Sir Ben Ainslie also won a gold medal in the 2012 Olympics in the Finn class. Slingsby won Gold in the 2012 London Olympics in Men's Laser class and was on the 2013 America's Cup-winning Oracle Team USA. In May 2022, AM announced that Australian Tom Slingsby had joined the team. On 18 February 2022, American Magic announced their leadership team for the 37th America's Cup, with two notable changes, the addition of Mike Cazer as CEO and Tyson Lamond as COO. Further that the Team named Scott Ferguson as lead Design Coordinator, previously with Luna Rossa (Rig Design Manager 2000–2007), Oracle Team USA (Wing / Rig Design Manager 2007–2013, Design Coordinator / Senior Designer 2014–2017). On 16 August 2021, Hap Fauth announced the Team's intention to enter the 37th America's Cup. The team returned to racing for the Prada Cup Semi-Final, but American Magic was eliminated from the competition by Luna Rossa Prada Pirelli on Saturday 30 January 2021, after 4 consecutive defeats. Per race rules, Luna Rossa Challenge was awarded the victory. No crew was reported injured but the incident caused a large hole in the hull and for a time it was at significant risk of sinking. On 17 January during the round-robin stage Patriot capsized while rounding Gate 5 when a gust of wind caught the sails causing the leeward running backstay to not release and preventing the mainsail from being eased. The Team first entered international competition on 15 January 2021 in the 2021 Prada Cup.
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