Iain Murray, the America’s Cup Regatta Director and Chief Executive of America’s Cup Management Limited advised “Following discussions and attempts to resolve in a timely way, there was an agreement to meet certain obligations by this weekend and the deadline passed.”  
 
The Italian challenger has advised that it was unable to meet required commitments within an agreed deadline. Accordingly the Golden Gate Yacht Club, has notified Club Canottieri Roggero di Lauria which is represented by Venezia Challenge, that the Italian Challenger has been excused from further participation.
 
“Venezia Challenge failed to fulfil its commitments to remain eligible to continue in the 34th America’s Cup,” said Tom Ehman, Vice Commodore of the Golden Gate Yacht Club.

In the meantime, preparations in Cascais, Portugal, continue apace with teams training hard in testing conditions for the opening event of the 34th America’s Cup cycle, staged 6-14 August.