STARS and STRIPES sinks!



LONG BEACH, Calif. (AP) 7.23.02, 5:22p -- One of Dennis Conner's $5 million

America's Cup racing yachts sank Tuesday while training in the Pacific Ocean

about a mile from shore, the Coast Guard said.



All sailors aboard the 80-foot yacht were rescued. A salvage crew with a

crane and air bags was headed to the scene, said Cathy Harvey, who works for

Conner at his Long Beach compound. The boats typically have crews of 16, but

it was unclear how many were on the boat during Tuesday's training sail.

Conner was not on the yacht, Harvey said. Harvey said Conner was at the site

helping with the recovery operation. Conner rarely sails on his America's Cup

boats anymore and instead spends his time raising money for his $40 million

America's Cup budget...



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