INEOS Parts Ways with Ben Ainslie After America's Cup Defeat

INEOS has officially parted ways with Sir Ben Ainslie, ending their partnership following the recent America’s Cup competition. Ainslie's team reached the finals for the first time since 1964 but was defeated by Emirates Team New Zealand. The split was attributed to a failure to agree on terms for future participation, despite INEOS's significant investment of around £240 million in previous campaigns. INEOS will continue under the new team name INEOS Britannia, led by newly appointed CEO Dave Endean, while also leveraging expertise from the Mercedes F1 Team. Chairman Sir Jim Ratcliffe expressed pride in their competitive achievements in Barcelona, indicating a strong foundation for the next challenge. The next America’s Cup is anticipated to take place in 2027, with further details yet to be announced.