They represent the New York Yacht Club and were formed in 2018 by principals Hap Fauth, Roger Penske, and Doug DeVos.

On 17 January during the round-robin stage Patriot capsized while rounding Gate 5 when a gust of wind caught the sails causing the leeward running back stay to not release and preventing the mainsail from being eased.

On 18 February 2022, American Magic announced their leadership team for the 37th America's Cup, with two notable changes, the addition of Mike Cazer as CEO and Tyson Lamond as COO.

Slingsby won Gold in the 2012 London Olympics in Men's Laser class and was on the 2013 America's Cup-winning Oracle Team USA.

[8] A likely competitor for the 37th America's Cup, Team INEOS Britannia skipper Sir Ben Ainslie also won a gold medal in the 2012 Olympics in the Finn class.