SAN FRANCISCO (Reuters) - Emirates Team New Zealand soundly beat Italy's Luna Rossa Challenge on San Francisco Bay on Saturday in the first real race of the 34th America's Cup, which in recent days looked like it might never come off.
Team New Zealand sped across the bay to finish with more than a five-minute lead over its Italian rival, solidifying its reputation as the challenger with the best chance of prying the America's Cup away from defender Larry Ellison's Oracle Team USA.
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