Ineos blames delays on talks with Ainslie’s Athena teamJim Ratcliffe laments ‘very difficult decision’
Sir Jim Ratcliffe’s Ineos Britannia team has withdrawn its intention to compete in the 38th America’s Cup.
The team, which lost 7-2 to Emirates Team New Zealand in the 37th edition last year, has announced it has “reluctantly withdrawn its challenge”, claiming a six-month delay in reaching an agreement with Sir Ben Ainslie’s Athena Racing Ltd had “undermined its ability to prepare” for the event.
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