UPDATE: IT’S OFFICIAL!
Deep sources in both Western Michigan and Rhode Island tell us that New York Yacht Club will announce their challenge for the 36th America’s Cup tomorrow at noon. Backed by a syndicate funded in large part by the Devos family (of Quantum Racing, Amway, and Trump supporting fame) and longtime maxi competitor Hap Fauth (of Bella Mente fame), the team will be led by CEO Terry Hutchinson and will likely feature sails [badged, at least] from the green donut.
Several other potential syndicate members – including Chicago Match Race founder Don Wilson – were rumored to be in talks with Devos & the NYYC, but our pals in Newport tell us that’s no longer the case, and the Chicago trader and property developer (and current North American M32 champ) is the first challenger casualty of New Zealand’s decision to go monohull, along perhaps with Artemis and Alinghi.
We continue to hear that a West Coast challenge is also in the works…more on that when it’s available.