One-off America's Cup match a backwards step, says New York Yacht Club commodore

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New Zealand, who retained the "Auld Mug" this year with a 7-3 victory over Luna Rossa, on Friday accepted the Royal Yacht Squadron Racing, represented by INEOS Team UK, as challenger of record for the 37th America's Cup. Local media reported the next match might be held around the Isle of Wight, the site of the original race in 1851, as a one-off between TNZ and INEOS, with TNZ boss Grant Dalton confirming it was one of the options being considered.

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