According to press reports, including the racing website Valencia Sailing, Patrizio Bertelli – the owner of Italian America’s Cup boat Luna Rossa – will not be taking part in the 34th America’s Cup.

The decision was first reported on various Italian sites on Monday (28 June), but was officially confirmed by the team’s press officer this morning.

The Louis Vuitton finalist of the 32nd America’s Cup will not take part in the next edition, but the rest of its sailing program will continue as scheduled – ie. the Audi Medcup circuit and the Louis Vuitton Trophy.