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Sir Jim Ratcliffe’s Ineos Britannia team has withdrawn its intention to compete in the 38th America’s Cup.
The team, which lost 7-2 to Emirates Team New Zealand in the 37th edition last year, has announced it has “reluctantly withdrawn its challenge”, claiming a six-month delay in reaching an agreement with Sir Ben Ainslie’s Athena Racing Ltd had “undermined its ability to prepare” for the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