38th America's Cup

The 38th America's Cup will be raced between two yachts, one representing the defending yacht club and the other representing the challenging yacht club. The defending yacht club will be the one whose yacht wins the 37th America's Cup. The challenging yacht club will either be the one which is first to issue a valid challenge to the defending club under the Deed of Gift of the America's Cup and becomes a sole challenger, or the one which wins a Challenger Series organised by the first valid challenger, which would be called the Challenger of Record.

38th America's Cup

The 38th America's Cup will be raced between two yachts, one representing the defending yacht club and the other representing the challenging yacht club. The defending yacht club will be the one whose yacht wins the 37th America's Cup. The challenging yacht club will either be the one which is first to issue a valid challenge to the defending club under the Deed of Gift of the America's Cup and becomes a sole challenger, or the one which wins a Challenger Series organised by the first valid challenger, which would be called the Challenger of Record.