America’s Cup Partnership Names First CEO, Returns Trophy to New York

The America’s Cup Partnership installed Marzio Perrelli as its first CEO in December 2025 after five founding teams created a shared governance structure. Perrelli, who previously worked at Goldman Sachs and ran Sky Sport Italia, said the move replaced the prior system in which the reigning champion unilaterally set rules and venues.

Perrelli told Fortune the return marked the first time the trophy had been in the city in nearly two centuries and linked the 1851 origin of the event with the U.S. 250th anniversary.

Naples 2027 Event The next edition is scheduled for Naples in 2027, the first time the regatta will be held in Italy. Independent estimates cited by the Partnership project an immediate economic return of roughly €700 million and €1–2 billion over the following five to ten years.

Perrelli said the U.S. entry, backed by Czech billionaire Karel Komárek and British entrepreneur Chris Welch, ensures all four nations that have previously held the trophy will compete. He added that the Partnership aims to establish a fixed biennial schedule similar to other major sports events.