A sailor has died after the Solent-based Max Fun 35 Hooligan V capsized off Prawle Point, South Devon, following the loss of her keel.The dead crewman, who has not yet been named, was believed to be in his twenties.An MAIB investigation has been launched.

Hooligan V, was being skippered by Royal Southampton Yacht Club member Ed Broadway when it lost its keel. An air and sea rescue operation was launched after red flares were spotted by a merchant vessel seven miles off Prawle Point, near Salcombe.

Four people of the five crew were found in a life raft and taken aboard a lifeboat.Torbay lifeboat was trying to recover the yacht and tow her back to Brixham.