A business jet from Dutch electrical giant Philips took Pete Goss and other key members of his team and sponsors to locate the 120ft catamaran abandoned in the North Atlantic 12 days ago.
Initially it was reported that Team Philips has been located and that Goss would be make a statement on Friday morning.
The statement when it came was in direct contrast with the earlier news and read: "Pete Goss today announced that the Team Philips' project has drawn to a close. After being abandoned in mid Atlantic on Sunday 10th December, Team Philips' position was tracked until contact was lost on Tuesday 19th December. An extensive aerial search was carried out yesterday (Thursday) focussing on the last known position and the predicted drift patterns. This search did not locate Team Philips."
Should Team Philips appear at a later date, the sponsors have agreed to work with Goss Challenges to take the appropriate steps that her condition dictates.
On Saturday between 1200 and 1630 (Spanish Time), the first confrontation will take place between the competitors in The Race, in the form of a speed course, organised off Barcelona's Port Olimpico.
Team Legato suffered a slight helm quadrant problem at midnight on Thursday, while beating into a 40 knot wind. The boat was able to be steered with the two engines specified by the rules and was able to put into the shelter of Motril (between Malaga and Almeria, 430 miles from Barcelona) with no problems. Skipper, Tony Bullimore planed to leave again on Friday at around 1700, but not expected to take part in the speed runs.