Fighting Spirit Keeps Heads Above Water

The Spirit of Australia, it's called. Perhaps that's why it's funded by the next best thing to cakestalls. It is said that the Italians will spend $100 million on their 1992 America's Cup challenger Il Moro di Venezia. One of the American teams, on its own, is expected to spend $55 million

French Find A Tack The Best Defence

SAN DIEGO, Monday: Ville de Paris outsailed the favoured Il Moro di Venezia yesterday to win by 25s in the closest race so far in the America's Cup challenger eliminations for the Louis Vuitton Cup. The win, in the seventh and last race of the first round robin, established France's positi