New Zealand’s Giacomo wins handicap honours in Sydney to Hobart race

The 70-foot yacht is the second boat to cross the finish line behind Perpetual Loyal but is the winner on corrected time

PUBLISHED : Thursday, 29 December, 2016, 11:23pm
UPDATED : Thursday, 29 December, 2016, 11:23pm

Giacomo, a 70-foot New Zealand yacht skippered by winemaker Jim Delegat and whose teenage sons Nikolas and James were among its crew, was declared the handicap winner of the Sydney to Hobart race on Thursday, just over a day after it crossed the line second behind line honours winner Perpetual Loyal.

Giacomo completed the race in one day, 15 hours, 27 minutes and five seconds, just a few minutes ahead of the Hong Kong-based supermaxi Scallywag. All three top finishers were under the 2012 record.

The winner on handicap takes the Tattersall’s Cup, which was donated to the host Cruising Yacht Club of Australia in 1946. Boats are rated (or handicapped) by their expected speed based on the vessel’s size and other statistics, and officials confirmed Thursday that none of the 53 boats still at sea could overtake Giacomo on corrected time.

Skippered by Anthony Bell, the 100-foot Perpetual Loyal crossed the finish line at Constitution Dock in Hobart around 2:30am local time on Wednesday to complete the 630-nautical-mile race in one day, 13 hours, 31 minutes and 20 seconds.

That shattered the race record, set in 2012 by rival supermaxi Wild Oats XI, by four hours, 51 minutes and 52 seconds.