Sir Thomas Lipton, for instance, challenged the NYYC five times in 31 years with his yachts Shamrock I - Shamrock V, but never returned home a winner.
When the America syndicate entrusted the NYYC with the silver Cup, it did so under the terms of a trust deed called the "Deed of Gift", (7) which established the fundamental rules of the America's Cup.
Significant amendments are for instance that, in 1956, the NYYC obtained an order from the Supreme Court of New York that reduced the minimum load water-line length set out in the Deed of Gift to its present 44 feet (thus opening the race to the at the time internationally prevailing 12-meter class) and to eliminate the requirement to sail the vessels to the race venue on "their own bottom".
DeVos, who serves as finance chairman of the America II Challenge syndicate sponsored by the NYYC, was toasting the world's most famous trophy--a 100-guinea, 27-inch Victorian silversmith's creation known as America's Cup--which now resides in the Royal Perth Yacht Club, Perth, Australia.
The America II Syndicate and the NYYC are out to subdue all other American and foreign challengers.
As the NYYC's commodore, "Bus" Mosbacher, puts it: "We want back that piece of furniture [the cup] that belongs in that room downstairs." Chimes in Chuck Kirsch, the chief executive officer of the America II Challenge, "It's only on loan."
However, the Australian team had done their homework, and had prepared themselves for the inevitable confrontation with the NYYC committee.
At precisely 12.10 on September 14, 1983, the NYYC Race Committee, aboard Black Knight, dressed in Brenton red trousers, black reefer jackets, white shirts and NYYC ties, hoisted the course signals in a light NNE breeze.
Until the NYYC lost the America's Cup on that late September day in 1983, most Americans knew little or nothing of this venerable yachting trophy.
Challenges have occurred in an escalating form, in concept, cost and controversy, reaching a climax in the lead-up to Alan Bond's fifth tilt at the NYYC in 1983.
"The regatta was fantastic, and the organisation and hospitality provided by the NYYC was nothing short of spectacular", said Linacre.
But the competition was fierce and the crews that sail the NYYC Swan 42s regularly had an edge.