5:47 PM Fri 1 Oct 2010 GMT
TeamOrigin, the yacht racing team established by Sir Keith Mills, and skippered by triple Olympic Gold Medallist, Ben Ainslie, have announced that it will not be challenging for the next America's Cup scheduled for 2013. The team, which was set up in 2007, has been waiting for three years to enter the America's Cup, which was delayed when the US team, BMW Oracle Racing, took the Swiss team, Alinghi, through the US courts. The British team was set up to challenge for the 33rd America's Cup when that was being touted by the then Swiss based holders,
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by Richard Gladwell
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