<P> After a long legal battle, the 2010 America's Cup was raced in 90 ft (27 m) lwl multihull yachts in a best of three "deed of gift" match in Valencia, Spain . The victorious Golden Gate Yacht Club then elected to race the 2013 America's Cup in AC72 foiling, wing - sail catamarans . Golden Gate Yacht Club successfully defended the cup . The 35th America's Cup match was announced to be sailed in 50 ft foiling catamarans . </P> <P> The history of the America's Cup has included legal battles and disputes over rule changes including most recently over the rule changes for the 2017 America's Cup . </P> <P> The America's Cup is currently held by the Royal New Zealand Yacht Squadron, who will defend the Cup in the 36th time . </P> <P> The Cup is an ornate sterling silver bottomless ewer crafted in 1848 by Garrard & Co . Henry William Paget, 1st Marquess of Anglesey bought one and donated it for the Royal Yacht Squadron's 1851 Annual Regatta around the Isle of Wight . </P>

Who holds the america's cup right now