The next America's Cup will be held in 2013 and it will use wingsail catamarans, said Russell Coutts, the head of America's Cup defender BMW Oracle, today in Spain.
"We believe this new format and new boat will put the America's Cup back at the pinnacle of our sport," the New Zealand skipper told a press conference.
The AC72 catamarans will be "pretty special, very powerful and very demanding," he added. "These changes will give equal opportunity to competitors and long-term economic stability to all teams and all commercial partners. We promised fairness and innovation, and this is what we've delivered."
The America's Cup traditionally uses monohulls, but the edition that was held in February was a multihull duel between Oracle and Switzerland's Alinghi after more than two years of legal wrangling over the rules of the event.
Oracle is expected to announce the host city for the 34th America's Cup by the end of the year.