Complex sentence: Illingworth skippered his newly-acquired yacht "Rani" to win both on elapsed time and on handicap, Sydney to Hobart Race has since become one of the great offshore yacht races.
Split into simpler sentences: Illingworth skippered his newly-acquired yacht "Rani" to win both on elapsed time and on handicap. The Sydney to Hobart Race has since become one of the great offshore yacht races.