Due to a failure to secure appropriate sponsorship, the Global Challenge Round the World Yacht Race will not be being held next time it's due in 2008.
The unusual race features ordinary people competing as opposed to major yachting sportspeople.  For a final twist, the race is the "wrong way", namely against the prevailing winds.  This leads the UK's newspaper, The Guardian to describe it as "the world's toughest yacht race".
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Wrong way yacht race postponed