The Louis Vuitton Cup, the America's Cup Challenger Series, starts on July 7 and the America's Cup Finals on September 7.

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The Louis Vuitton Cup, the America's Cup Challenger Series, starts on July 7 and the America's Cup Finals begin on September 7.

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Yachting enthusiast Elizabeth Meyer kicked off the revival in 1984 when she rescued Endeavor, a 1934 cup challenger built for British aviation magnate T.

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"She'll get air, " he confides about the unsuccessful challenger for the America's Cup in 1934.

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Ehman admits there has always been an element of collusion between defenders and challengers: In the Cup's history, he says, no "challenger of record" has ever made it out of the semifinals, let alone won the match.

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American syndicate BMW Oracle Racing , bankrolled by software billionaire Larry Ellison, is the so-called "challenger of record", the team that officially laid down the challenge to Alinghi for the next Cup.

BBC: SPORT | Other Sport | Germany make America's Cup debut

America's Cup holders Alinghi, of Switzerland, will race off against the winner of the Louis Vuitton Challenger Series in Spain.

BBC: SPORT | Other Sport | Germany make America's Cup debut