The superyachts in Valencia are notable for their absence

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As with the 31st America’s Cup in Auckland in 2003, superyachts would, we were told, be like moths to a candle in Valencia.

There’s a brand new superyacht marina, right at the heart of the action with full facilities to please even the most demanding owner. Only one thing is missing, the superyachts themselves. I don’t suppose it could be anything to do with the extortionate moooring fees being charged.