Alinghi lost the America's Cup to the Golden Gate Yacht Club and their team BMW Oracle Racing in a Deed of Gift match in Valencia, Spain in February 2010.

[3] In December 2021 Ernesto Bertarelli announced the launch of the new Alinghi Red Bull Racing to compete in the 37th America's Cup.

Apart from New Zealand, the Alinghi team consisted of members from Germany, the United States, Canada, the Netherlands, France, Italy, Spain, the U.S. Virgin Islands, Portugal, Turkey, Ireland, the UK (from Scotland and Wales), Belgium, South Africa, Australia, Uruguay, Argentina, Denmark, Ecuador, and Switzerland.

Alinghi's stated vision was "to win the America's Cup, while earning respect and recognition as a world class sports team as well as sharing our passion".

Butterworth's team had many world-class sailors including Peter Holmberg, Ed Baird, Juan Vila, Jordi Calafat, Warwick Fleury, Simon Daubney, and Murray Jones.

Alinghi participated in all Louis Vuitton Acts, along with the 11 challengers from nine nations, before defending the America's Cup during the Match Race in June 2007.

UBS, and BT Infonet renewed their commitment to the team as Main Partners for the next four years, along with Audemars Piguet, SGS, Nespresso, MSC Cruises, WISeKey and North Sails as co sponsors.

[10] After extensive court action, Golden Gate Yacht Club (whose team is BMW Oracle Racing) was declared Challenger of Record and sailed against Alinghi in a Deed of Gift match in February 2010 at Valencia, Spain.

USA 17's rigid wing sail provided a decisive advantage and Golden Gate Yacht Club won the 2010 America's Cup two races to none.