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Designers focus on new America's Cup class

A significant step was taken this week towards creating the next America's Cup boat when 19 designers met in Valencia, Spain.

Central to the deliberations was whether to develop a monohull or a multihull for the 34th America's Cup.

"The teams want a new boat; the fans deserve one, too," said Russell Coutts, four-time winner of the America's Cup with syndicate BMW Oracle Racing.

Click here to read the full press release.