America's Cup: Team Oracle Boat Capsizes by Golden Gate Bridge (Video)

By Erin Sherbert Wed., Oct. 17 2012 at 7:39 AM

Vance Cardell

Boats in happier times

America's Cup experienced its first casualty yesterday when the Oracle Team USA's 72-foot catamaran flipped over, damaging parts of the boat beyond recognition.

According to race officials, the nearly $8 million boat capsized during during a practice run near the Golden Gate Bridge. Thankfully, there were no injuries among the 14 people on board at the time, but the $2 million wing of the new boat was was "damaged beyond recognition," team officials said.

Here's how Oracle Team USA tactician Tom Slingsby explains the incident:

We called for a bear-away as we were out training. The winds were blowing about 25 knots, and there was strong ebb current at the time (the strongest of the year). We started the bear-away, and as the boat accelerated it pitch-poled. We didn't know what was going to happen with the new boat. When the nose went down, the wing hit and a few guys went in the water. We were unsure if the wing would snap, so we all climbed off the boat. Luckily, everyone is accounted for and no one was hurt. The wing is pretty badly damaged, and we are working to get the boat back in position to return to Pier 80.

Yikes. Watch the boat flip with grace:

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