Each year the Richardson Trophy is competed for by teams of sailors representing member clubs of The Yacht Racing Union of the Great Lakes (YRUGL). Any yacht club and its representative member, is eligable to send a team if the yacht club is a member in good standing with any one of the six Associations that make up The Yacht Racing Union of the Great Lakes. Specifically the Lake Associations are: Lake Superior Yachting Association, Lake Huron Yachting Association, Lake Michigan Sailing Federation, Detroit Regional Yacht-racing Association, Inter-Lake Yachting Association and Lake Yacht Racing Association.
Each Association chooses a team or teams (depending on that years regatta format) of Sailors to represent them in the competition for the Richardson Trophy. Currently this event is called The Richardson Trophy Match Racing Championship. Each of the six Associations, historically, has taken turns hosting the regatta on a rotational basis. This rotation runs geographically west to east. Each venue of the Richardson Trophy Championship is coordinated at the discretion of the Organizing Authority of The Yacht Racing Union of the Great Lakes.