Nine People Rescued as Superyacht Sinks – WATCH VIDEO

A superyacht measuring nearly 130 feet sunk off the coast of southern Italy on Saturday, after members of the Italian Coast Guard rescued nine people from the submerging ship.

This weekend, the Italian press reported that the 39.4-meter motor yacht named “My Saga” sunk off the coast of Catanzaro Marina.

Video from the scene shows the massive boat teetering into the water before fully sinking stern-first.

It was reported that worsening weather conditions rendered it impossible for a rescue tugboat to bring the yacht to safety.

An investigation into what caused the ship to sink is underway, the outlet reported.

The yacht was built in Italy in 2007, according to Super Yacht Times, and was traveling from Gallipoli to Milazzo under a Cayman Islands flag with a full Italian crew when it sunk.

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