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According to WikiPedia, the cup was originally known "as the “Royal Yacht Squadron Cup” or the “RYS Cup for One Hundred Sovereigns”. The Cup subsequently became known as the “One Hundred Guinea(s) Cup”, by the American syndicate that won it. As time went by, the Cup was also referred to as the “Queen’s Cup”, the “America Cup”, and the “America’s Cup”. Today, the trophy is officially known as the America’s Cup and affectionately called the “Auld Mug” by the sailing community."

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Q: Why is it called the America's cup?
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