America's Cup: Challenger series update

All you need to know about the 37th America's Cup

The 37th America's Cup is underway in Auckland, New Zealand and the Challenger Series is heating up. Three challengers have already been eliminated, and the remaining four teams are now battling it out for a spot in the final. Here's a look at the latest news and results from the Challenger Series.

On Monday, American Magic became the third team to be eliminated from the Challenger Series. The team lost to Luna Rossa Prada Pirelli in a close race, and they will now have to wait until the next America's Cup to try again. The loss was a major disappointment for American Magic, who were considered to be one of the favorites to win the Cup. However, the team has vowed to come back stronger in the next edition.

The remaining four teams in the Challenger Series are INEOS Team UK, Luna Rossa Prada Pirelli, Emirates Team New Zealand, and NYYC American Magic. These teams will now compete in a series of races to determine who will advance to the final. The top two teams from the Challenger Series will then face off against each other in the Prada Cup final, with the winner of that race earning the right to challenge Emirates Team New Zealand for the America's Cup.

The racing in the Challenger Series has been close and competitive, and any of the remaining teams could still win the Cup. INEOS Team UK is the current favorite, but Luna Rossa Prada Pirelli and Emirates Team New Zealand are both close behind. NYYC American Magic is a bit of a long shot, but they have shown that they can compete with the best teams in the world.

The Challenger Series will continue through the end of January, and the final will be held on February 13th. The winner of the Challenger Series will then face off against Emirates Team New Zealand for the America's Cup in March.

Here are some additional details about the Challenger Series:

• The Challenger Series is a double-elimination tournament, meaning that teams must lose twice before they are eliminated.

• The top two teams from the Challenger Series will advance to the Prada Cup final.

• The winner of the Prada Cup final will earn the right to challenge Emirates Team New Zealand for the America's Cup.

• The America's Cup is the oldest international sporting trophy, and it is considered to be the most prestigious trophy in sailing.