New York City | A 39.4-meter (129-foot) superyacht valued at $US7.8 million ($11.3 million) capsized and plunged into the Ionian Sea this weekend, as the Italian Coast Guard sprang into action to rescue all nine people on board.

The vessel, My Saga, was motoring through the Gulf of Squillace on Saturday evening when the coast guard responded to a call from the crew that the boat’s stern was filling up with water. It dispatched a ship to the yacht, which was nine nautical miles (16.7 kilometres) off the coast, to rescue its four passengers and a member of the crew, according to Italian wire service ANSA.

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