The German syndicate has said it intends to move forward, one day after sailing its last race at the 32nd Cup.

After failing to reach the semifinals of the Louis Vuitton Cup, 10th-ranked United Internet Team Germany took a critical look at its America's Cup future.

Syndicate head Michael Scheeren was brutally honest in his analysis of the team's performance.

"We have not met our target which was to finish on rank eight," said Scheeren. "You have to be honest with that and we are disappointed about this fact. For a sportive objective in the America's Cup you need time and experience. However, we did not have either one in the degree necessary."

In this atmosphere of failure and change, Jesper Bank resigned as skipper, helmsman, and sports director of the team.

"No one in our team is used to such a series of defeats," Bank said at a press conference held at the German base on Thursday. "That’s why it has not been easy for us. I am not content with my performance. I don’t want to stand in the way for the development of this German campaign."

"I would like to thank the whole team for its great work in the past two years and I am proud that I have been part of the first German campaign."

The team says more details of its involvement in the 33rd America’s Cup would have to wait until information about the dates and venue is revealed. But that can only come after the winner of the 32nd America’s Cup is known – the new Defender has complete discretion on such things.

"The engagement of our sponsor is very much depending on the future venue, our sportive concept, and the media interest, which was not supported by the weather conditions in this Louis Vuitton Cup," said Sheeren. "We will have to wait for the development in this."

Although much of the team's future remains undecided, at least one aspect of the next campaign is already in the works.

"The most important criterion for success in the America’s Cup is time - we have learned that", said UITG syndicate head Michael Scheeren. "Therefore, we have decided to commission a new boat now. We will discuss the future with our sailors, who have been part of this campaign, in the next weeks".

"Furthermore we have announced our participation in the German Sailing Grand Prix in Kiel (in August)", he added.

Willy Kuhweide, Commodore of the Deutscher Challenger Yacht Club (DCYC), was also excited about plans for a next campaign.

"We at the DCYC are happy that this first German participation in the America’s Cup shall not be a flash in the pan. We will continue to support the campaign as best as we can."