Rapid advancements in light-curve and radial-velocity curve modelling, as well as improvements in the accuracy of observations, allow more stringent tests of the theory of stellar evolution. Binaries with rapid apsidal advance are particularly useful in this respect since the internal structure of the stars can also be tested. Thanks to its long and rich observational history and rapid apsidal motion, the massive eclipsing binary Y Cyg represents one of the cornerstones of critical tests of stellar evolutionary theory for massive stars. Nevertheless, the determination of the basic physical properties is less accurate than it could be given the existing number of spectral and photometric observations. Our goal is to analyse all these data simultaneously with the new dedicated series of our own spectral and photometric observations from observatories widely separated in longitude.