There is no winner.

Once upon time, there was a great ocean race and since 1851 the winners were presented with an ornate silver trophy, known fondly as The Old Mug but more famously as The America's Cup.

For more than 130 years, the New York Yacht Club successfully defended the cup against all challengers, but then in 1983 the cheeky Australians spectacularly won the trophy. But it seemes ever since that day, the America's Cup has been mired in endless lawsuits, media battles and arguments about the legality of different boats, different locations.

These days, it divides the sailing world and each camp ferociously defends its reputation and its righteousness. It's sad. No-one seems to sit back and think about what it does for the reputation of the sport.

I no longer care for the America's Cup anymore. It was truly the most spectacular sporting affair in the world raced for by the most beautiful yachts of the day. It was never an accessible race: it was always the preserve of the richest people in the world, but it was always simply a race of skill and tactics. Now, frankly, who cares?

These days, your majesty, all the yachts come second. The lawyers come first.