PERTH, Australia (AP) — Businessman Kevin Parry, who backed Australia's 1987 defense of sailing's America's Cup, has died in a motor accident. He was 77.
Police said Parry, of Western Australia state, died Friday of injuries sustained when the vehicle he was driving rolled near his home at Bullsbrook, north of Perth.
Parry funded the yacht Kookaburra III, which beat Alan Bond's Australia IV to earn the right to defend the America's Cup off Fremantle, West Australia in 1987.
The defense ended in failure as Dennis Conner, sailing Stars and Stripes, reclaimed the America's Cup for the United States four years after losing it to Bond's Australia II.