The auto racing private yacht, called Schuss, ran out the water at Sandringham Private yacht Club around 7pm the other day when electrical storms brushed up throughout Melbourne.
A lightning strike hit the watercraft, frying the circuitry as well as thawing an opening in the hull.
Schuss team supervisor David Rutter informed 3AW today: "It underwent the pole, the electrical power underwent all the circuitry, began a fire as well as has actually made a full mess of the watercraft."
" It's triggered rather a huge area of the side of the watercraft to generally disappear within," he informed Tony Jones.
" However, she's possibly mosting likely to be an insurance coverage write-off.
" That's completion of our cruising for some time."
Mr Rutter stated that while the watercraft did robot appearance "regrettable" from the outdoors, the within was damaged.
" The beginning of our period was following week at the Geelong Celebration of Sails, regrettably that runs out the inquiry currently."