J24 heavy air sailing – what would you do?

J24 Grenada heavy air sailing

Round 2!  What would you do in this instance.  This is from the same team as in the previous post.  This time, it happened last year at the 2011 BMW J24 Europeans (which Mike Ingham won btw).  The boat is desperately overpowered about halfway in the video.  Thoughts?

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