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Ben Ainslie Racing will compete in the 2012-13 Americas Cup World Series with an AC45. At the end of this series he will then join Cup Defenders Oracle Racing for the America’s Cup.

Ben Ainslie has never made any secret of his ambitions to lead a British team in the America’s Cup. With Team Origin those ambitions looked to be on track until the plug was pulled.

Now it would appear his Cup plans are about to take shape once again with the formation of Ben Ainslie Racing.

More news and comment later, but in the meantime here’s how the news was revealed at today’s press conference in London. See below for the official press release.

Olympic Sailor Ben Ainslie Launches America’s Cup Campaign

10th January 2012 London, UK – Three time Olympic gold medallist Ben Ainslie today announced the launch of a new team that will initially compete in the next edition of the America’s Cup World Series along with plans to join ORACLE Racing for the defence of the 34th America’s Cup.

Ben Ainslie Racing (BAR) will compete in the 2012/13 America’s Cup World Series (ACWS), following the completion of Ainslie’s London 2012 Olympic campaign in the Men’s Singlehanded Heavy Dinghy (Finn class) event.

The new global America’s Cup World Series circuit attracts some of the best sailors in the world in high speed 45 foot wing-sailed catamarans.

With the announcement of a new team, the triple Gold Olympic medallist also set out his long term vision to challenge for the 35th America’s Cup following the conclusion of the 34th Cup in San Francisco in 2013: “I’ve always tried to have a plan of what I’m doing next after the Olympics. The 2012 Olympics has been the focus, but from that has come the opportunity to be able to build a team which we hope can ultimately go on to challenge for the 35th America’s Cup.”

Four times America’s Cup winner and ORACLE Racing’s CEO Russell Coutts fully backed Ainslie’s goal to create his own future America’s Cup team. “With all the things that we are doing to improve the America’s Cup commercially, I think this is a great time for someone like Ben to be laying the foundations for his own team. With the massive improvements to televising the racing and staging it right where fans can see it, there has never been a better arena for stars such as Ben. ”

Ben Ainslie Racing (BAR) will be entering the America’s Cup World Series under the Royal Cornwall Yacht Club, which has supported the Olympian since the beginning of his career. Ben said: “It’s my home club; it’s where I grew up. I’ve had so much support from the club over the years, it seemed a natural fit.”

The AC World Series will provide a great testing ground and platform for Ben, as will joining ORACLE Racing for their 2013 defence. Ben will be added to an already impressive line-up which includes some of the best sailors in the world, such as James Spithill, youngest ever winning skipper of the oldest trophy in international sport, and Russell Coutts.

It will be the 34 year old Briton’s fourth America’s Cup campaign. After the 2000 Sydney Olympics Ainslie joined the American ‘One World Challenge’. Post-Athens in 2004 he helped ‘Team New Zealand’ lift the Louis Vuitton Cup before joining Sir Keith Mills start -up campaign ‘TEAMORIGIN’ as skipper after his victory at the Beijing Olympics.

On joining ORACLE Racing Ainslie said: “It’s a fantastic opportunity, I have a huge amount of respect for Russell, Jimmy and everyone involved. I think with the direction the Cup has taken in the last fewyears, it’s actually really important that ORACLE Racing win again and it continues on the path that it has taken. I’m very excited about it and hopefully I can help the team retain the Cup.”

Welcoming Ben to the America’s Cup, Coutts said: “It’s fantastic for the America’s Cup that we’ve got a three time Olympic gold medallist, four time Olympic medallist, hopefully soon to become five. The America’s Cup without Ben would be a little bit like Wimbledon without Rafael Nadal or Novak Djokovic.

He’s the number one sailor in the world right now and it’s fantastic to have him involved in our team.”

The iconic America’s Cup trophy was originally awarded in 1851 by Britain’s Royal Yacht Squadron for a race around the Isle of Wight, to the schooner America. The trophy was renamed the America’s Cup after the boat and was donated to the New York Yacht Club under the terms of the Deed of Gift, which made the Cup available for perpetual international competition.

Ainslie will not rule out another bid for Olympic gold in Brazil 2016, but for now he sees his future with the America’s Cup.

Follow the team’s progress www.americascup.com/teams or www.facebook.com/BenAinslie1977