Stars & Stripes, USA-77, which sank while out training in Long Beach Harbour yesterday, was successfully raised from the ocean floor in the evening and is now back in her cradle at the Team Dennis Conner training base in Long Beach, California.

The Team Dennis Conner America’s Cup program is expected to remain on schedule, with sailing in Long Beach concluding on Thursday, 25 July, 2002. “It’s too early to tell how much damage the boat has suffered,” said Dennis Conner. “We’ll have more detailed information tomorrow when it is daylight and we can fully survey the extent of the damage.”