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  • The Magic Returns To NYYC

    New York Yacht Club to Challenge for 37th America’s Cup with American Magic
    NEW YORK, N.Y. — Earlier this week the Trustees of the New York Yacht Club approved a challenge for the 37th edition of the America’s Cup, sailing’s most prestigious trophy.




    “We are extremely excited to continue our quest to regain the America’s Cup with American Magic,” says Paul M. Zabetakis, M.D., Commodore of the New York Yacht Club (at right). “Upon receiving the Protocol for the 37th Match, we were pleased to find that it contains elements advocated for by the Club last spring. In addition, the Executive Committee recently received a new proposal from Doug DeVos and Hap Fauth, American Magic principals and Club members, that warranted reconsidering our earlier decision to pause our pursuit of AC37.”



    The New York Yacht Club created the America’s Cup and successfully defended it 25 times before losing the Cup to Australia II and the Royal Perth Yacht Club in 1983. In the years since, the New York Yacht Club has challenged for the trophy four times. The most recent challenge, represented by American Magic, ended prematurely when the team was knocked out of the Prada Cup Challenger Selection Series in Auckland in January of 2021.




    Discussions regarding the Club’s next challenge started shortly after Emirates Team New Zealand successfully defended the Cup last March. However, due to a lack of clarity regarding the rules, timing and venue for the next Match, the Club decided in October to pause its America’s Cup efforts.

    A renewed mutual desire to have American Magic sail on behalf of the Club and commit to a campaign for at least two consecutive America’s Cup cycles, prompted the Club and team to join forces for the 37th America’s Cup.

    “While the result in Auckland was not what we had hoped for, skipper Terry Hutchinson and the entire team were tremendous ambassadors for the Club and displayed exemplary sportsmanship throughout the campaign,” says Zabetakis. “The America’s Cup remains the highest peak in sailing and one of the most difficult challenges in the world of sport. The lessons learned during our previous campaign, combined with American Magic’s physical and intellectual assets and a commitment to multiple cycles, will ensure this challenge a strong chance to claim sailing’s ultimate prize.”

    While winning remains the primary goal, it’s not the only focal point of the campaign.

    “The Club’s involvement in AC37 must advance our foundational initiatives, including the development of America’s youth sailing talent and a commitment to increasing diversity within our sport,” says Zabetakis. “We will also continue to push for changes to the structure of the competition that can make the event more accessible to challengers, fans and corporate partners.”

    The team and the Club eagerly await the announcement within the next few months of the venue and schedule for the 37th America’s Cup.
    " I just found out my nest egg has salmonella"



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  • #2
    Leadership Positions For American Magic Announced




    NEW YORK YACHT CLUB AMERICAN MAGIC ANNOUNCES LEADERSHIP TEAM

    Newport, R.I. – New York Yacht Club American Magic is pleased to announce its leadership team as the program continues its investment in top talent and preparation for the 37th America’s Cup. The leadership appointments reflect a commitment to people who bring deep experience and diverse backgrounds and capabilities developed with lessons learned from the AC36 campaign.

    • Mike Cazer (Grand Rapids, Mich.) will serve as Chief Executive Officer, leading the overall team, emphasizing building American Magic into a commercially attractive brand, and as the leader in sailing in the United States. Mike also serves as CEO of Continuum Ventures and has nearly 35 years of global business experience. Before American Magic and Continuum, Mike was the Chief Operating Officer Amway and was a senior executive with Brinks and GE.

    • Terry Hutchinson (Annapolis, Md.) will continue as Skipper and President of Sailing Operations. Terry is a two-time college sailor of the year, four-time collegiate All-American, sixteen-time world champion, two-time U.S. Rolex Yachtsman of the year, and is a past winner of the Louis Vuitton Cup. Terry is now entering into his sixth America’s Cup program.

    • Scott Ferguson (Jamestown, R.I), who signed with the team last August, will serve as Design Coordinator and lead a design team to bring innovation and cutting-edge technology to our design approach. Scott is a three-time collegiate All-American, two-time world champion, and two-time America’s Cup winner as a designer. The Naval Architect is entering into his ninth America’s Cup campaign, highlighted with wins in 2010 and 2013 with Oracle Team USA during the transition to winged sails and high-speed foiling in the America’s Cup.

    • Tyson Lamond (Denver, Colo.) steps into a new role this campaign as Chief Operating Officer. Tyson was previously Boat Captain with American Magic in the 36th America’s Cup, and very involved in the team’s operations. Before that, he supported SoftBank Team Japan (Shore Operations Manager, 2015-2017) and Emirates Team New Zealand (Boat Captain, 2008-2015). Tyson will remain strongly focused on operations.

    • Ben Osborn (Minneapolis, Minn.) continues as American Magic’s Chief Financial Officer. Ben also serves as a financial executive inside the marine operations of The Churchill Companies, where he has spent the past twenty-one years of his career. Prior to his tenure at The Churchill Companies, Ben worked at PricewaterhouseCoopers in their audit and business assurance practice.

    “We have an incredibly talented, experienced, and dedicated team and are fortunate to have such dynamic and talented people across our entire organization,” remarked Doug DeVos, Principal of New York Yacht Club American Magic. “We know people are at the center of all we do and are the critical ingredients for success both on and off the water.”

    “We remain intensely focused on our goal of winning the America’s Cup and bringing the Cup home to the New York Yacht Club and the United States,” commented Hap Fauth, Principal of New York Yacht Club American Magic. “We have the right team in place to achieve extraordinary and historic success.”
    " I just found out my nest egg has salmonella"



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