The 2027 America's Cup will see a governance change with participating teams set to share equal authority through the America's Cup Partnership as they look to grow the sport globally, organisers said on Tuesday.

ACP will organise and manage the event's on and off-water format and oversee media and commercial rights.

Organisers had already agreed to stick with the AC75 foiling monohull vessels for the 38th America's Cup, which will be held in Naples, Italy in the spring and summer of 2027.

At least one female crew member will be on board the AC75 as part of inclusivity efforts, while a 75 million euros ($87.10 million) cost cap is set for each team to control spending.

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