An old nemesis has come back to haunt Team New Zealand at the pre-America's Cup regatta off Valencia.
The Dean Barker-skippered yacht has been handed its first loss of the regatta, going down by 36 seconds to Cup holders Alinghi, with Peter Holmberg at the helm.
The Swiss top the standings with 10 points.
Team New Zealand and Oracle have nine points and will race in the final round.
In its other race this morning, Team New Zealand thrashed South Africa's Shosholoza by more than four minutes.
- NEWSTALK ZB
Yachting: Alinghi beats Team New Zealand
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