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Ineos Launches Legal Battle for £180 Million Yacht

3/22/2026

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Summary

Story summary

Ineos has initiated legal action to reclaim the £180 million yacht Britannia, used in the 2024 America's Cup.
The partnership between Ratcliffe and Ainslie has soured since their January 2025 split over future campaign terms.
Athena Racing asserts the yacht has always belonged to them.
They are preparing for the Preliminary regatta in May with their team, GB1.

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Story summary

Ineos has initiated legal action to reclaim the £180 million yacht Britannia, used in the 2024 America's Cup.
The partnership between Ratcliffe and Ainslie has soured since their January 2025 split over future campaign terms.
Athena Racing asserts the yacht has always belonged to them.
They are preparing for the Preliminary regatta in May with their team, GB1.