Round-the-world race winner and multiple America's Cup skipper Paul Cayard has been immersed in the Cup since his first event in 1983 in Newport, RI, when he sailed alongside fellow San Francisco native Tom Blackaller on the 12-Metre Defender

The 32nd America's Cup will be the mostcompetitive in the event's 155-year history. For 2007 the boats are closer in speed, the Valencian racecourse is not as steadyas originally thought, the teams are all at ahigh level having had years of training.

As always, there are teams who stackup better on paper than others. Prior to the event all we can go on are statistics of what has happened so far and try to project. Once we're into the racing and get to know the perfor-mance of the boats things will become a bit clearer...

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