"However it is our view that the contentious class rule changes are performance-related rules not necessary to ensure safety," the statement said.
The team contend regatta director Iain Murray does not have the power to introduce class rule changes by seeking to use the jurisdiction of the Coast Guard to introduce these rules via the Marine Event Permit - a document the event organisers are required to obtain to hold the regatta on San Francisco Bay.
The decision of the jury will be final and binding on all parties, and contrary to some media speculation, any competitor who resorts to a Court in an issue where the Jury has jurisdiction immediately ceases to be eligible to compete.
The international jury are due to arrive in San Francisco on Thursday (NZT) and the hearing will be held that day, meaning the jury protest will not delay the start of the Louis Vuitton Cup.
"We look forward to the jury determining the issue so, whatever the decision is, we can get on with the racing in the Louis Vuitton Cup starting July 7."