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===Inshore=== The [[Admiral's Cup]] was created in 1957 by the Admiral of the [[Royal Ocean Racing Club]]. Each country involved is allowed to send one team and three boats of a chosen one-design class. Formerly it was raced every two years. It appears that due to international disagreements that this event no longer takes place. The [[America's Cup]] was established in 1851. This is the oldest, and arguably the most prestigious, event in yacht racing. Participants are restricted to a measurement formula for the boats, and the rules concerning this formula have been controversial since the beginning. The English, who were the challengers for the first 132 years of the race, commented "England rules the waves, but America waives the rules." This race was not traditionally an inshore race, due to the requirement that the British boat would sail to the racing area, which involved sailing trans-Atlantically. The [[Auckland Anniversary Regatta]] was founded in 1840. It includes the Heather Cup, which has been contested on over 170 yearly occasions since establishment. (It was halted briefly during the [[Second Boer War]].)
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