![Le Defi of France (L) and Team Alinghi of Switzerland sail during the first fleet race of the Louis Vuitton Cup Act 3 in Valencia. Le Defi of France (L) and Team Le Defi of France (L) and Team Alinghi of Switzerland sail during the first fleet race of the Louis Vuitton Cup Act 3 in Valencia. Le Defi of France (L) and Team](https://c8.alamy.com/comp/2D3KB8W/le-defi-of-france-l-and-team-alinghi-of-switzerland-sail-during-the-first-fleet-race-of-the-louis-vuitton-cup-act-3-in-valencia-le-defi-of-france-l-and-team-alinghi-of-switzerland-compete-in-the-first-fleet-race-of-the-louis-vuitton-cup-act-3-in-valencia-october-14-2004-emirates-team-new-zealand-which-was-the-winner-of-the-louis-vuitton-cup-act-2-won-the-first-fleeting-race-of-the-day-and-le-defi-placed-secondvalencia-is-the-host-city-for-the-32nd-americas-cup-which-will-take-place-in-2007-reutersheino-kalis-2D3KB8W.jpg)
Le Defi of France (L) and Team Alinghi of Switzerland sail during the first fleet race of the Louis Vuitton Cup Act 3 in Valencia. Le Defi of France (L) and Team
![America's Cup holder yacht Alinghi of Switzerland leads ahead of challenger Emirates team New Zealand as they sail off Marseille's harbour during the start of the first fleet race of the Marseille America's Cup holder yacht Alinghi of Switzerland leads ahead of challenger Emirates team New Zealand as they sail off Marseille's harbour during the start of the first fleet race of the Marseille](https://c8.alamy.com/compfr/2d41hnh/americas-cup-holder-yacht-alinghi-of-switzerland-leads-ahead-of-challenger-emirates-team-new-zealand-as-they-sail-off-marseilles-harbour-during-the-start-of-the-first-fleet-race-of-the-marseille-louis-vuitton-cup-act-1-americas-cup-holder-yacht-alinghi-r-of-switzerland-leads-ahead-of-challenger-emirates-team-new-zealand-as-they-sail-off-marseilles-harbour-during-the-start-of-the-first-fleet-race-of-the-marseille-louis-vuitton-cup-act-1-in-southern-france-september-5-2004-the-america-cup-regatta-which-will-take-place-off-the-spanish-port-of-valencia-in-2007-will-be-the-32nd-in-the-2d41hnh.jpg)
America's Cup holder yacht Alinghi of Switzerland leads ahead of challenger Emirates team New Zealand as they sail off Marseille's harbour during the start of the first fleet race of the Marseille
![America's Cup defender Alinghi of Switzerland (L) and challenger Emirates Team New Zealand sail downwind during a training session four days before the Valencia Louis Vuitton Act 13 Fleet-Race competition in Valencia, America's Cup defender Alinghi of Switzerland (L) and challenger Emirates Team New Zealand sail downwind during a training session four days before the Valencia Louis Vuitton Act 13 Fleet-Race competition in Valencia,](https://c8.alamy.com/comp/2E7K54Y/americas-cup-defender-alinghi-of-switzerland-l-and-challenger-emirates-team-new-zealand-sail-downwind-during-a-training-session-four-days-before-the-valencia-louis-vuitton-act-13-fleet-race-competition-in-valencia-eastern-spain-march-30-2007-reutersheino-kalis-spain-2E7K54Y.jpg)