Oracle Team USA is an American yacht racing syndicate initially formed to compete for the 2003 America's Cup.
The team was created by purchasing the assets of Paul Cayard’s AmericaOne syndicate which was the losing finalist against Luna Rossa in the 2000 Louis Vuitton Cup.
After extensive court action, Golden Gate Yacht Club was declared Challenger of Record and sailed against SNG's team: Alinghi, in February 2010 in Valencia, Spain.
[4] The rigid wing sail of USA 17 provided a decisive advantage and Golden Gate Yacht Club won the 2010 America's Cup by a considerable margin.
In August 2013, the competition jury received a report from Oracle Team USA that their boat and others they had loaned had unauthorized modifications.
[8] Oracle Team USA's Larry Ellison declared that the 34th America's Cup would be sailed on AC72 class wing-sail catamarans.
Oracle Team USA experienced the first major accident involving the new AC72 class, when the boat capsized during training off San Francisco on October 16, 2012.