The America’s Cup regatta is a challenge-driven series of match races between two yachts. Between 1992 and 2007, the regatta was sailed with the International America’s Cup Class (IACC) sloop, a monohull class. Boats that conform to the IACC rules typically have a length of about 75 ft (wedding cake toppers). No matter the yacht class, any challenger who meets the requirements specified in the Deed of Gift, which governs the regatta, has the right to challenge the yacht club that holds the Cup. Since 1970 there have most often been multiple challengers, which vie for the right to sail against the defender in a challenger selection series, and from 1983 until 2007, Louis Vuitton sponsored the Louis Vuitton Cup as a prize for the winner of the series. The America’s Cup is a race between the winner of the challenger selection series and the current holder. If the challenging team wins the cup, the cup’s ownership is transferred from the defender’s yacht club to the winning team’s yacht club. The 2010 America's Cup is currently under litigation but is due to be sailed in 90 ft multihull yachts in a one on one, best of three races regatta. wedding hair, In 1851 Commodore John Cox Stevens, a charter member of the fledgling New York Yacht Club (NYYC) formed a six-person syndicate to build a yacht with intention of taking her to England and making some money competing in yachting regattas and match races. The syndicate contracted with pilot-boat designer George Steers for a 101 ft (30.78 m) schooner which was christened America and launched on May 3, 1851. On August 22, 1851, the America raced against 15 yachts of the Royal Yacht Squadron in the Club's annual 53 mile regatta around the Isle of Wight. America won, finishing 8 minutes ahead of the closest yacht. Apocryphally, Queen Victoria, who was watching at the finish line, asked who was second; the famous answer being: "Ah, Your Majesty wedding accessories, there is no second."