It might be fun...
but it won't be 'The America's Cup', just another '...dirty little regatta'*.
The AC, meanwhile, is what it is, and there's nothing else quite like it, thanks to the 'Deed of Gift'. The gift that just keeps on giving as it scuppers the plans of mighty men (mighty women too maybe one day) to own the AC.
The AC, as long as the DoG continues to hold sway, will remain simply a yacht race, boring as that may be to the uninterested. A yacht race between monied people willing to throw their money away on technology and muscle power for the sake of holding a very ugly piece of silverware, but one that represents a long and gloriously turbulent tradition. Long may it continue.
* Mr. Grant Dalton's terse put down of the Coutts-Ellison attempt to turn the AC into yachting's version of 'Formula 1'.