- The 37-foot sailboat was in a race from California to Mexico
- Searchers find debris from the vessel
- U.S. and Mexican authorities are searching for the missing crew member
(CNN) -- Three people are dead and another is missing after a boat race Saturday from Newport, California, to Ensenada, Mexico, the U.S. Coast Guard said.
The four crew members were aboard the 37-foot Aegean sailboat, which was reported missing near the Coronado Islands, Mexico.
Nearby vessels reported seeing debris in the area, prompting a Coast Guard search.
On Saturday afternoon, searchers found the three deceased crew members and debris from the Aegean.
The U.S. Coast Guard, the Mexican navy and civilian rescuers are searching for the missing crew member.
The cause of the incident will be investigated, the Coast Guard said.
CNN's Greg Morrison contributed to this report.
