Wild Oats XI is most famous for being the race record holder and a seven times line honours winner of the "blue water classic" Sydney to Hobart Yacht Race, one of the world’s most gruelling offshore challenges. She is owned by the Oatley family, and skippered by New South Wales yachtsman Mark Richards. She was launched in December 2005 after a 9 month build and then 5 weeks after launch won the "treble" in the 2005 Sydney to Hobart Yacht Race, winning on elapsed time (line honours) and corrected time (handicap) as well as setting a new race record. Wild Oats XI is a state-of-the-art IRC supermaxi yacht designed by Reichel/Pugh with a Carbon/Nomex composite hull. Launched in a Canting Ballast Twin Foil configuration, since her launch she has been updated continuously with a combination of different forward foils and horizontal foils and a now centreline single aft balanced spade rudder.