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Victory keeps faith with Johansson

STOCKHOLM, Sweden (CNN) -- Swedish America's Cup syndicate Victory Challenge will continue to employ project manager Mats Johansson, despite a conviction for tax evasion.

Johansson told syndicate bosses in June that he had been sentenced to eight months in prison by the district court of Varberg, the syndicate's official Web site said on Monday.

But he is not yet behind bars because he is awaiting the outcome of an appeal at the Court of Appeal for Western Sweden.

The case concerns capital gains on boats Johansson sold privately around 1994, the syndicate said.

Victory Challenge said it would continue to use Johansson at least while until the appeal result -- which may not come until after next year's America's Cup final.

The challenger series, the Louis Vuitton Cup, begins in Auckland, New Zealand, in October, with the winner going on to challenge Team New Zealand for the America's Cup in February.

Johansson has held his position since March 2000. He has won six Swedish Championships and 10 Scandinavian Championships.


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