I have followed the America’s Cup for 50 years, and over this span I have witnessed it from every angle: as young spectator, crewmember, organizer, committee member, commentator, and now bewildered observer. I have studied its history, interviewed all the prominent players, and tried hard to make sense of the developments as they have occurred of late. While Cup races always look glorious in retrospect, there has been intrigue and controversy in all 32 matches dating back to the competition’s inception in 1851. But the deplorable series of events that have transpired since the conclusion of the 32nd regatta in Valencia, Spain, have taken the Cup to a new low…. Details