Team New Zealand helmsman Ben Ainslie finished second to Alinghi's Peter Holmberg in the first regatta of the 2005-06 Swedish Match Tour, the Portugal Cup. 
Holmberg beat Ainslie and his Emirates-sponsored NZ crew of Ray Davies, Chris Ward, Stu Bettany and Rob Salthouse 3-1 in the final. 
Meanwhile, Team New
         
        
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