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\t\tA former Goldman Sachs and HSBC boss will run America’s Cup Partnership\t<\/p>\n\t\t\tTuesday 07 April 2026 11:46 am
\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n
\t\t\tTuesday 07 April 2026 11:47 am\n\t<\/p>\n
\t\tA former Goldman Sachs and HSBC boss will run America’s Cup Partnership\t<\/p>\n
A former Goldman Sachs and HSBC boss has been appointed the first chief executive of the newly-formed America\u2019s Cup Partnership.<\/p>\n
America\u2019s Cup Partnership was set up following a new commercial agreement between the defending champions, The Royal New Zealand Yacht Squadron, and the British challenger, The Royal Yacht Squadron.<\/p>\n
And Marzio Perrelli, former chief executive officer of Goldman Sachs, will be its first chief.<\/p>\n
Following his stint at Goldman, Perrelli<\/a> had stints with HSBC and Sky Italia, while also being on the organising committee of the 2022 Ryder Cup in Rome.<\/p>\n Emirates Team New Zealand boss Grant Dalton will remain as the America\u2019s Cup Partnership\u2019s chairman.<\/p>\n The shared governance structure could see prize money introduced<\/a> to the America\u2019s Cup for the first time, while the signing of the agreement was seen as a seismic shift in commercialisation for the America\u2019s Cup, which began in 1851.<\/p>\n New America\u2019s Cup boss at the helm<\/p>\n The next regatta will take place in Naples<\/a> and feature a number of the usual competitors. But the British team will be without Ineos billionaire backer Sir Jim Ratcliffe after he and sailor Ben Ainslie had a legal spat, while the US American Magic<\/a> team withdrew from the next tournament just two days before the deadline.<\/p>\n Ratcliffe is seeking legal advice, insisting he wants the boat that reached the previous final back from Ainslie.<\/p>\n \u201cThe America\u2019s Cup is the oldest and most prestigious competition in international sport,\u201d Perrelli said. \u201cOur responsibility today is to preserve its deep heritage while ensuring greater continuity, stability and long-term growth.\u201d<\/p>\n Last month a governance debate involving America\u2019s Cup Partnership went to the NY Attorney General. If the Attorney General chooses an investigation could be launched relating to elements of the structure.<\/p>\n New Zealand won the previous regatta, beating the British entry in the final. It was the first time a UK boat had reached the showpiece match in 60 years.<\/p>\n \t\t\t\t\tRead more<\/p>\n