For the 2007 challenge, SNG rescinded all interpretive resolutions to the deed, essentially leaving "constructed in country" as the only remaining nationality requirement. The 2007 defense of the cup was held in Valencia, Spain. This was the first time since the original 1851 Isle of Wight race that the America's Cup regatta had been held in Europe, or in a country different from that of the defender (necessary because Switzerland, despite having huge lakes and a national passion for sailing, does not border a "sea or arm of the sea" as specified in the Deed). Eleven challenging yacht clubs from 9 countries submitted formal entries. The challenger selection series, the Louis Vuitton Cup 2007, ran from 16 April to 6 June 2007. Emirates Team New Zealand won the challenger series finale 5–0 against Italians Luna Rossa and met "Alinghi" between 23 June and 3 July 2007. Ernesto Bertarelli's Team- Alinghi successfully defended the America's Cup 5–2, under the colors of SNG.