A young woman who is getting back on her feet after a mental breakdown, Carol Rivers discovers that her late uncle has left her a rundown nightclub. Carol decides to renovate the venue, but, in the process, uncovers dark secrets about the club and her dead relative. After a series of disturbing events, Carol becomes increasingly unstable, but she finds some measure of comfort in Sharpe, an enigmatic older detective.

In 1983, yacht sailor Will Parker leads an American crew financed by millionaire Morgan Weld to defeat during the America's Cup race against an Australian crew. Determined to get the prize back, Will convinces Morgan to finance an experimental boat designed by his ex-girlfriend Kate's new beau, Joe Heisler. When the boat is completed, the Americans head to Australia to reclaim the cup.