Well if AR is a joke (and I am not an AR fan per se), than LR is a joke too: buying someone else's boat, making a few mods and calling it a brand new AC yacht that is worthy of this design, engineering and racing challenge they call the AC! So they are all jokers. But the proof of the pudding is always in the eating: let's see them race and separate the jokers from the batmans.
Yep, it's a joke how LR has an AC72 out sailing every chance they get, foiling stably compared to OR, while a 2-boat Swedish Challenger can't even get one boat on the water without busting one up.
The joke is on OR who couldn't sell their boat design to any team. And we've seen why...
ETNZ probably wouldn't have a 2nd boat if LR hadn't paid for the design of ETNZ B1.
And LR would not be in if they could not piggy back on competent expertise.
That would have made only very very few challengers :-)