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StandingsAmerica's Cup· event dated May 24, 2026· 4 min read· in Sports

America's Cup Standings: Luna Rossa Takes Early Lead as Fleet Pivots to AC75 Testing

Peter Burling's dramatic victory over his former team in Sardinia puts Luna Rossa atop the preliminary leaderboard, setting the stage for an intense summer of AC75 development ahead of the 2027 finals in Naples.

By Omar Haddad

Luna Rossa Supporters 40%Emirates Team New Zealand 35%Challenger Fleet 25%
Luna Rossa Supporters
Celebrate the early victory and view Peter Burling's defection as the key to finally bringing the America's Cup to Italy.
Emirates Team New Zealand
Remain confident in their underlying speed and view the preliminary loss as a minor pre-start execution error rather than a systemic flaw.
Challenger Fleet
Focus on maximizing AC75 development time and resolving early-cycle gear failures to close the gap with the leaders.

Perspectives this story doesn't cover

  • Sardinian local economy and tourism officials

The short answer

  1. Luna Rossa Prada Pirelli won the first Preliminary Regatta of the 38th America's Cup in Sardinia.
  2. Peter Burling successfully helmed the Italian boat to victory against his former team, Emirates Team New Zealand.
  3. The regatta featured the debut of Women and Youth crews racing in identical AC40 foiling monohulls.
  4. Teams are now shifting their focus to testing their custom-built 75-foot AC75 yachts ahead of the 2027 finals.
  5. The second Preliminary Regatta will take place in Naples in September 2026.

The 38th America's Cup cycle is officially underway, and the early standings have already delivered a seismic shift in the global sailing hierarchy. Following the inaugural Preliminary Regatta in Cagliari, Sardinia, the Italian syndicate Luna Rossa Prada Pirelli sits atop the leaderboard. The victory was secured in a dramatic match-race final by Peter Burling—the three-time Cup winner who shocked the sport by leaving Emirates Team New Zealand to helm the Italian challenger. For the Italian fans, seeing Burling cross the finish line in their team's grey uniform marked the beginning of a highly anticipated campaign to finally bring the Auld Mug to Naples in 2027.[1][2][4]

The Cagliari event marked the beginning of the "Road to Naples 2027," serving as the first official points-scoring opportunity of the new cycle. Racing in identical one-design AC40 foiling monohulls, the fleet was tested in the choppy, light-wind conditions of the Mediterranean Sea. The preliminary series is specifically designed to test raw crew talent, communication, and tactical sharpness before the syndicates transition to their custom-built, highly secretive AC75s for the main event. With five challengers and the Defender all sharing the exact same equipment, the regatta provided a pure baseline of where each sailing team currently stands.[3]

The top of the standings was decided in a tense, winner-takes-all final between Luna Rossa's principal team and Emirates Team New Zealand, now helmed by Nathan Outteridge. The match turned entirely on a split-second decision during the pre-start sequence. Emirates Team New Zealand charged the pin end of the starting line aggressively but arrived just under half a second early. In a desperate attempt to bleed off speed and avoid a penalty, Outteridge splashed the boat down off its foils, but the error handed Luna Rossa a clean lane and an uncatchable lead. From there, Burling and his crew managed the race with quiet control, keeping their maneuver count low and extending their lead on every leg.[1][2]

For Burling, the victory carried immense personal and psychological weight. "Obviously the first race in the grey uniform, it was great," Burling noted after the win, acknowledging that the team had to overcome several early-week errors to reach the final. The Italian crew, which includes co-helm Ruggero Tita, spent the first two days of the regatta ironing out communication issues before finding their rhythm. The victory ensures Luna Rossa carries maximum momentum into the summer testing block, proving they have the tactical execution to beat the Defender in a straight fight.[1][2]

Peter Burling secured his first regatta victory for Luna Rossa after departing Emirates Team New Zealand.
For Burling, the victory carried immense personal and psychological weight.

Beyond the principal teams, the Cagliari standings were heavily influenced by a historic rule change allowing syndicates to field a second AC40 crewed entirely by Women and Youth sailors. The Luna Rossa Women & Youth team—dubbed the "Ragazzi"—were the breakout stars of the regatta, leading the overall standings for much of the event with a dominant display of boat speed. Their remarkable run was only derailed in the seventh race by a pre-start software and communication breakdown that resulted in a disqualification, denying them a guaranteed spot in the final. Nevertheless, their performance proved that the new generation of foiling talent is already capable of pushing the established veterans.[2]

Further down the leaderboard, the British challenger GB1, led by Olympic gold medalist Dylan Fletcher, showed flashes of brilliance but was hampered by severe gear failures early in the regatta. Once their AC40 was reliably on the water, Fletcher's crew secured a race win and two podium finishes, proving their underlying pace matches the leaders. Meanwhile, the French La Roche-Posay Racing Team and Switzerland's Tudor Team Alinghi continue to chase the front-runners, rounding out a highly competitive five-team challenger fleet that is still searching for consistency in the demanding Mediterranean conditions.[4][5]

The introduction of Women and Youth AC40 crews has added a highly competitive new dynamic to the preliminary standings.

With the first preliminary points locked in, the focus across the syndicates now shifts entirely to the AC75 development race. Since the joint reconnaissance program opened in January, teams have been rigorously testing their 75-foot flagships away from the racecourse. The data gathered during these summer training sessions will dictate the final aerodynamic and hydrodynamic design choices for the boats that will actually contest the America's Cup in 2027. The AC40 results provide a psychological boost, but the true battle for the Cup is currently being fought by engineers and designers analyzing foil shapes and wing-sail efficiency.[3]

The fleet will reconvene in their AC40s for the second Preliminary Regatta in Naples from September 24–27, 2026. Until then, the psychological advantage belongs firmly to Italy. Burling and Luna Rossa have proven they can execute under pressure, setting the stage for what promises to be the most fiercely contested America's Cup in modern history. As the teams retreat to their bases to analyze the Cagliari data, the countdown to Naples continues with the stakes higher than ever.[1][2][5]

1st
Luna Rossa's preliminary rank
5
Challenger syndicates
Sept 24–27
Next regatta in Naples
40 knots
AC40 top speeds

The sequence

  1. Jan 2026

    The joint reconnaissance program opens, allowing teams to begin on-water testing of their AC75 yachts.

  2. May 21–24, 2026

    Luna Rossa wins the first Preliminary Regatta in Cagliari, Sardinia, taking the early lead in the standings.

  3. Sept 24–27, 2026

    The fleet will reconvene in Naples for the second Preliminary Regatta.

  4. July 2027

    The 38th America's Cup Match will be held in Naples, Italy.

Sources

Source coverage

5 outlets

3 viewpoints surfaced

Luna Rossa Supporters 40%Emirates Team New Zealand 35%Challenger Fleet 25%
  1. [1]Boating New ZealandEmirates Team New Zealand

    Luna Rossa win the Louis Vuitton 38th America's Cup Preliminary Regatta in Sardinia

    Read on Boating New Zealand
  2. [2]Sail-WorldLuna Rossa Supporters

    America's Cup: Luna Rossa comes out on top in a sensational day in Cagliari

    Read on Sail-World
  3. [3]Spencer ClubChallenger Fleet

    The road to Naples starts in Sardinia

    Read on Spencer Club
  4. [4]Yachting WorldEmirates Team New Zealand

    38th America's Cup: Your essential guide to the teams and personnel

    Read on Yachting World
  5. [5]GB1 RacingChallenger Fleet

    Louis Vuitton 38th America's Cup - Preliminary Regatta Sardinia Race Day 3

    Read on GB1 Racing

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