Media mogul Ted Turner skippered the team that won what trophy in 1977?
Correct answer: America's Cup

Montana Lady
beatlesfan1, family friends live on one of his Montana ranches managing its day to day operations

Player #151898054
I misread "skippered" as "skipped," but recalled that Turner was a yachtsman. I don't think I've heard anything about the race in years. It wasn't a huge sporting event in the US, but I can remember news coverage in years past.

Centenarian
Australia bounced back with Australia II and won in 1983 (or thereabouts), under John Bertrand and Alan Bond.

EarliestSpur6
I live here in San Diego CA. where the race was held , and it is still remembered here.