Cruising Yacht Club of Australia (CYCA) commodore Garry Linacre told the crowd what had happened.

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Linacre went on to pay tribute to Investec Loyal for their "magnificent sailing" in this race and also Wild Oats XI.

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"That's not to say safety of crews, and the ability of one yachtie to go to the aid of another yachtie in distress, will not always be paramount in the eyes of the race committee, " Garry Linacre, Commodore of the Cruising Yacht Club of Australia, told the website.

CNN: STORY HIGHLIGHTS