From Wikipedia:

The America's Cup, affectionately known as the "Auld Mug", is a trophy awarded 
to the winner of the America's Cup match races between two sailing yachts. One 
yacht, known as the defender, represents the yacht club that currently holds 
the America's Cup and the second yacht, known as the challenger, represents the 
yacht club that is challenging for the cup. The America's Cup is the oldest 
international sporting trophy.[1]
The trophy was originally awarded in 1851 by the Royal Yacht Squadron for a 
race around the Isle of Wight in England, which was won by the schooner 
America. The trophy was renamed the America's Cup after the yacht and was 
donated to the New York Yacht Club (NYYC) under the terms of the Deed of Gift, 
which made the cup available for perpetual international competition.


        
        All the best,

        Edd


        Edd M. Schillay
        Starship Enterprise
        C&C 37+ | Sail No: NCC-1701-B
        City Island, NY 
        Starship Enterprise's Captain's Log Website

On Sep 24, 2013, at 2:51 PM, Edd Schillay <[email protected]> wrote:

> Bev,
> 
>       The Cup racing has gone downhill to be sure -- both in the teams and 
> the boats, but it is fun to watch any boat go 40 knots. 
> 
>       I do believe, however, the America's Cup is not named after our 
> country, but the boat "America". 
> 
> 
>       
>       All the best,
> 
>       Edd
> 
> 
>       Edd M. Schillay
>       Starship Enterprise
>       C&C 37+ | Sail No: NCC-1701-B
>       City Island, NY 
>       Starship Enterprise's Captain's Log Website
> 
> On Sep 24, 2013, at 2:48 PM, Bev Parslow <[email protected]> wrote:
> 
>> I am confused. We have a boat sponsored from a country that last time I used 
>> an atlas was in the Middle East. All participants being interviewed seem to 
>> have an accent from the Southern Hemisphere. Rumour has it that in fact we 
>> have only one American on board. If they win, it should be called the 
>> American's Cup. This really is quite a farce. Why not a boat, built, 
>> designed and made in that country, filled from citizens from there with 
>> sponsorship from the state.
>> _______________________________________________
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> 
> _______________________________________________
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