It was announced last week that Yacht Club Nautico di Roma (CNR) and Mascalzone Latino were to withdraw as Challenger of Record.
"We also thank CNR and their team Mascalzone Latino for their efforts in the important start-up phase of the 34th America's Cup. While we are disappointed to lose a great Italian contender in Mascalzone Latino and CNR, we are confident in the leadership we anticipate from the KSSS and Artemis Racing."
CNR filed the first challenge for the 34th America's Cup and thereby became the "Challenger of Record."
KSSS was the second challenger to enter, and under America's Cup rules, automatically succeeds as Challenger of Record.
Additional America's Cup updates will be provided in early June at a media conference in San Francisco.