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Alinghi out of next America's Cup

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Would anyone tell me that why Alinghi out of next America's Cup?

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  1. Two-time winner Alinghi has announced it will not enter a team and instead launch a new programme that will see the Swiss team compete in the Extreme Sailing Series.A statement by Alinghi says it considers the existing conditions to make it impossible for the team to participate in the next Cup.The Extreme Sailing Series is a championship raced with 40-feet catamarans.

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