There are many links between Valencia and the America's Cup. There have been three Spanish challengers (1992, 1995 and 1999). Rolf Vrolijk, the Alinghi chief designer, also designed the Bravo España boat in Auckland in 1999. It must also be remembered that Valencia was chosen by the Spanish teams as their training base.

The America's Cup has often been called the Holy Grail of sailing and Valencia, according to tradition, is home to the real Holy Grail. Another America’s Cup anecdote is that the famous Spanish architect Santiago Calatrava completed his doctorate in Zurich, Switzerland, the home of the current defenders. Calatrava is also responsible for the Calatrava Bridge, the Ninth of October Bridge and the City of Arts and Sciences.

The city’s relationship with water sports has been mainly represented by the Royal Yacht Club of Valencia. Founded in 1903, it is one of Spain's oldest yacht clubs. In order to host the 32nd America’s Cup, it has undertaken an ambitious extension and restoration project.

His Majesty King Juan Carlos is a seasoned sailor. All the members of the Royal Family are great fans of this sport. His Royal Highness Prince Philip was a member of the Spanish crew in the 1992 Olympic Games in Barcelona. The King was also the Guest of Honour and a distinguished participant in the “America’s Cup Jubilee” held in Cowes in 2001.