British entrepreneur Richard Branson has abandoned an attempt to make the fastest crossing of the Atlantic in a mono-hull sailing yacht after damage from a severe storm.
The Virgin Group chairman was trying to beat the record of six days, 17 hours and 52 minutes on the course from the Ambrose Lighthouse, south of New York City, to Lizard Point in Britain.
His skipper was New Zealander Mike Sanderson.
"We were taken by one massive monster wave that took us from behind and took one of our liferafts," Branson, 58, said.
The boat, Virgin Money had been battling waves of up to 40 feet in gale force winds on its second day at sea.
The storm blew out the spinnaker and ripped the mainsail, but all the crew had been on harnesses and were safe.
The mainsail was too badly damaged to be repaired at sea and the 99-foot boat was making its way back to Bermuda.
Branson said the boat would be ready to sail again in the next few weeks, with another record attempt possible later this year or in the spring.
He was sailing with his two adult children, Holly and Sam.
Also among the crew were British Olympic sailing champion Ben Ainslee, Sanderson and the boat's American owner Alex Jackson.
