Another Formula One team has entered the America's Cup realm.
Red Bull Racing have officially dipped their toes into the competition often referred to as 'F1 on water', linking up with Swiss syndicate Alinghi for the 37th edition of the Cup.
Alinghi made a major splash in the competition upon its arrival in 2003, taking the Auld Mug away from Team New Zealand in Auckland, beating the New Zealanders 5-0 to claim the trophy in their first attempt.
The syndicate then defended it in Valencia in 2007 – an event that drew 11 challengers – again beating Team New Zealand in the Cup match. The last venture into the America's Cup was in 2010, when they were dethroned by Oracle Team USA in a deed of gift match.
The challenging team for Alinghi's return to the arena, formally called Alinghi Red Bull Racing, was officially launched at a press conference in Geneva, Switzerland, last night, seeing the Swiss syndicate mount its first bid for the America's Cup in 11 years.