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Rutter explained that the RORC and the Royal St George Yacht Club had not been able to agree the criteria required to run an event at the highest level of international sailing.

The Admiral's Cup has always been the premier RORC event and has been run by them since its inception. The RORC Commodore feels that it is imperative that this situation should continue.

In returning to Cowes, the RORC will retain the two boat Club team and classes that had been previously announced, and the inshore racing will take place in the Solent. The long offshore race will be the Wolf Rock Race. Shorter courses may be set for the IMS600 class.

The Admiral's Cup will be run in co-operation with the Royal Yacht Squadron.

The RORC has been encouraged by the enthusiasm and interest shown in the 2003 event and intends to publish the Notice of Race by 16 November 2002.

An outline programme is:

Thursday 10 July	Inspection/measurement/registration
Friday 11 July	Inspection/measurement/registration
Saturday 12 July	2 x inshore races - Solent
Sunday 13 July	2 x inshore races - Solent
Monday 14 July	short offshore
Tuesday 15 July	short offshore
Wednesday 16 July	2 inshore races - Solent
Thursday 17 July	Long inshore race
Friday 18 July	reserve day
Saturday 19 July	Wolf Rock race (approx 400 miles)
Sunday 20 July	Wolf Rock
Monday 21 July	Wolf Rock
Tuesday 22 July	Wolf Rock - Prizegiving
Wednesday 23 July	reserve Prizegiving