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Page last updated at 17:03 GMT, Friday, 1 October 2010 18:03 UK

Team Origin opt out of 2013 America's Cup

Team Origin
Sir Keith Mills has decided not to enter Team Origin in the 2013 Cup

Britain's Team Origin, skippered by triple Olympic gold medallist Ben Ainslie, will not challenge for the next America's Cup, scheduled for 2013.

BMW Oracle, who by winning the Cup in February are charged with organising the event, unveiled a controversial raft of new ideas and rules.

That has prompted Team Origin principal Sir Keith Mills not to enter his team.

"The format and timetable decided by BMW Oracle is simply not viable for Team Origin," he said in a statement.

The new ideas and rules introduced by BMW Oracle ruffled feathers among potential challengers as these had never featured in the consultation process pledged by the Americans as part of their promise for a neutral, independent and fair event.

I am bitterly disappointed that we will not be competing

Team Origin principal Sir Keith Mills

A Team Origin statement read: "The team, which was set up in 2007, has been waiting for three years to enter the America's Cup.

"[However], having now had a chance to analyse [BMW Oracle's] race format, the proposed fixed wing catamaran boat, the timetable, rules and costs, team principal Sir Keith Mills has concluded that the 34th America's Cup is neither viable commercially, nor an attractive sporting contest for Team Origin."

Mills added: "I am bitterly disappointed that we will not be competing.

"We have assembled an outstanding team, led by Grant Simmer and Ben Ainslie, and I am personally very sorry that they won't now get the chance to race for a British team in the next America's Cup".

Over the next couple of months, Team Origin will consider whether to compete in other yachting events "over the next few years".

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see also
America's Cup scheduled for 2013
14 Sep 10 |  Sailing
More teams in next America's Cup
15 Feb 10 |  Sailing
Oracle secure America's Cup win
14 Feb 10 |  Sailing
Oracle wins America's Cup opener
12 Feb 10 |  Sailing

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FROM OTHER SPORT SITES Format claims first victim - 18 hrs ago
Yachts and Yachting Online announced they will not be challenging for the trophy - 19 hrs ago
The Independent British 'bitterly disappointed' at withdrawal from America's Cup - 40 hrs ago
Sporting Life (also running on our news wire as OLYMPICS AmericasCup) - 44 hrs ago
Daily Express Teamorigin will not be challenging for America's Cup - 47 hrs ago