The Royal Swedish Yacht Club, represented by Artemis Racing, has taken over as the Challenger of Record for the 34th America's Cup.
The Italian Mascalzone Latino team withdrew as Challenger of Record today.
The Italians filed the first challenge for the 34th America's Cup and thereby became the Challenger of Record, while the Swedes were the second challenger to enter, and under America's Cup rules, automatically succeeds as Challenger of Record.
The 34th America's Cup is scheduled for san Francisco in 2013.
