Olympic sailor Sir Ben Ainslie is attempting to enter a British team into the 35th America's Cup in 2017.
The UK enjoys a rich history in the competition with the first ever race taking place off the Isle of Wight in the mid-19th Century.
The oldest trophy in sport was first offered as the One Hundred Pound Cup in 1851 for a race around the Isle of Wight, witnessed by Queen Victoria.
The first race was won by the schooner America, from New York, which beat a fleet of British boats.
American teams successfully defended all challenges for 132 years, until an Australian team won in 1983. Britain has never won the America's Cup.
More top news
Children and young people with terminal and life-limiting illnesses should be asked whether they have a bucket-list they wish to complete.
Warning lights and barriers were in place to warn drivers the bridge was closed but the band still drove through, an inquest heard.
Party leader Tim Farron said they would not back a "stitch-up" that did not include a "meaningful commitment" to provide more transparency.