from wiki

Team Dennis Conner (Team DC) chose to use a catamaran design, because the surprise challenge by Sir Michael Fay left limited time to design a J-class boat to compete on equal terms. As the challenge used the original deed of gift as its basis, there were no explicit design requirements so the San Diego Yacht Club and Dennis Conner's syndicate chose the assuredly faster multi-hull design. Two Stars and Stripes cats were built, one with a conventional soft sail (Stars and Stripes S1), and the second with a hard sail (Stars and Stripes H3) built by Scaled. The hard sail proved faster and was used in defense.

After the 32nd America's Cup, the hard sail yacht was bought by Mexican yachtsman Victor Tapia and sails in Mexico. The soft sail yacht was bought by Steve Fossett and used to set speed records in various yacht races.

and as i kiwi i can "we wuz robbed!"