America's Cup Management (ACM) was a private company established to organize and oversee the 2007 America's Cup, the 32nd edition of the prestigious sailing competition. The company was formed by

Ernesto Bertarelli Ernesto Silvio Maurizio Bertarelli (born 22 September 1965) is an Italian-born Swiss billionaire businessman and philanthropist. The 2017 edition of the Sunday Times Rich List estimated the family's wealth at £11.5 billion, an increase of £1 ...

, the principal of the Swiss syndicate

Alinghi Alinghi, or Alinghi Red Bull Racing because of the sports marketing branding by Red Bull, is the syndicate set up by Ernesto Bertarelli, racing under the colors of the Société Nautique de Genève, to challenge for the America's Cup, as well ...

, following the team's victory in the 2003 America's Cup. As the Cup Defender, ''Alinghi'' was granted the authority to define the structure, rules, and logistics of the subsequent competition, a role traditionally held by the reigning champion. ACM was responsible for a wide range of organizational tasks, including selecting the host city, setting the event dates, managing media and broadcasting rights, determining boat design specifications, and overseeing entry procedures. The 2007 America's Cup was hosted in

Valencia, Spain Valencia ( , ), formally València (), is the capital of the Province of Valencia, province and Autonomous communities of Spain, autonomous community of Valencian Community, the same name in Spain. It is located on the banks of the Turia (r ...

, marking the first time the competition was held in Europe. Although ACM operated under the authority of the Defender, the planning and rule-making processes were conducted in consultation with the ''Challenger of Record'', which for the 2007 edition was the ''Golden Gate Yacht Club'', represented by ''BMW Oracle Racing'' (United States).

Revenue Surplus and Distribution

On 5 July 2007, ACM announced that the event had generated a revenue surplus of approximately €60 million. In accordance with the competition protocol, the surplus was divided equally: * 50% (€30 million) was retained by the Defender, Alinghi * 50% (€30 million) was distributed among the 11 Challenger teams The Challenger portion was allocated using a tiered formula, consistent with the protocols of the three previous editions of the Cup: * 40% of the €30 million was distributed equally among all 11 Challengers * 30% was divided among the four semi-finalist teams * 20% was awarded to the two finalists * 10% was granted to the winner of the Challenger Selection Series

Final Distribution

The distribution of the €30 million Challenger share was as follows: {, class="wikitable" !Team !Role !Amount (€) , - , Emirates Team New Zealand , Winner of the Challenger Selection , €9,341,000 , - , Luna Rossa Challenge , Beaten finalist , €6,341,000 , - , BMW Oracle Racing , Semi-finalist , €3,341,000 , - , Desafío Español 2007 , Semi-finalist , €3,341,000 , - , +39 Challenge , Challenger , €1,091,000 , - , Areva Challenge , Challenger , €1,091,000 , - , China Team , Challenger , €1,091,000 , - , Mascalzone Latino-Capitalia Team , Challenger , €1,091,000 , - , Team Shosholoza , Challenger , €1,091,000 , - , United Internet Team Germany , Challenger , €1,091,000 , - , Victory Challenge , Challenger , €1,091,000 The financial distribution was designed to provide continuity and support for teams preparing for the 33rd America's Cup. America's Cup