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| Architect | Olin Stephens |
| Builder | Minneford's Yacht Yard |
| Owner | King's Point Fund |
| Club | New York Yacht Club |
| Skipper | Ted Turner |
| Type | 12 MJI |
| Length HT | 21.15 m |
| Draft | 2.73 m |
| Displacement | 28.35 tons |
| Sail area | 173 m2 |
Australia KA 5
Challenger
Australia
| Architect | Ben Lexcen |
| Builder | Steve Ward yard |
| Owner | Alan Bond |
| Club | Sun City Yacht Club |
| Skipper | N. Robbins |
| Type | 12 MJI |
| Length HT | 21 m |
| Draft | 2.76 m |
| Displacement | 27 tons |
| Sail area | 172 m2 |
The winner
Courageous was bought by Ted Turner who took the helm and repeated the feat of 1974: 4-0
the looser
Alan Bond financed the construction of Australia, designed by Ben Lexcen and J. Valentijn. The design is similar to Courageous but 1.5 tons lighter. In the qualifiers, Australia faced Gretel2, Sverige, and Baron Bich's France.