LONDON, Jan 21 (Reuters) - Ben Ainslie's British team ‌said on Wednesday they would compete for the America's Cup as GB1 and named Dylan Fletcher as helm ‌for their latest campaign to lift the coveted trophy.

GB1 did not name a second helm for Ainslie's ‌fourth consecutive attempt to "bring the Cup home", which is backed by Oakley Capital, an investment firm which last month took a majority ownership stake in his America's Cup team.