Complex sentence: In the event of a tied point score, the yacht with the best corrected time was the winner; the yachts were rated under the Tall Ship Race rating system which gave a handicap advantage to yachts which chose to race without spinnakers.
Split into simpler sentences: In the event of a tied point score, the yacht with the best corrected time was the winner. The yachts were rated under the "Tall Ship Race" rating system which gave a handicap advantage to yachts which chose to race without spinnakers.