AUCKLAND: Red Bull announced Wednesday it was entering a team in the America’s Cup yacht race, in a move that will take its bitter Formula One rivalry with Mercedes onto the water. Red Bull Racing principal Christian Horner said the team will partner with two-time America’s Cup winner Alinghi to challenge for yachting’s most prestigious trophy. “Our F1 team is looking forward to helping this new member of our family to succeed… we will share our experiences, engineering tips, etc. It is a two-way cooperation,” he said in a statement. Rival syndicate Ineos Britannia already has close ties to Mercedes, which has been involved in a furious tussle with Red Bull during the FI season. It culminated in Red Bull’s flying Dutchman Max Verstappen being controversially crowned world champion over Mercedes’ Lewis Hamilton of Britain this week, in a result the German team looks set to appeal. Both yachting teams will bring F1 technology to the spectacular 23-metre (75-foot) AC75 foiling monohulls used during the last America’s Cup, won by Team New Zealand off Auckland in March. Alinghi, owned by Swiss billionaire Ernesto Bertarelli, won the America’s Cup in 2003 and 2007 but has not competed since 2010. Team New Zealand chief executive Grant Dalton said applying more FI expertise to the foiling yachts promised to make the next edition of the America’s Cup one of the most exciting ever. “We are seeing the merging of two of the most technologically advanced sports in the world on land and on the water, which is only going to be a good thing for the competition and the growth of the sport and its audiences,” he said. The venue of the next America’s Cup in 2024 is yet to be determined, although Dalton has said it is unlikely to return to Auckland for financial reasons.