Team New Zealand are fighting to retain the America’s Cup challengers series after it was taken off them in a raft of changes to the next event, including reducing the size of the foiling catamarans.
Cup bosses have done a u-turn and are now looking to race the entire America’s Cup in Bermuda, after a majority vote among the six syndicates signed up.
Team New Zealand boss Grant Dalton vowed to take that to the cup’s arbitration panel, believing they have agreed rights to host the series in Auckland – an event that is a key to their government funding.
Without the Auckland event and the associated economic benefits of having the teams based in New Zealand in late 2016 and January 2017, the government has made it clear that they won’t fund the team.
It is looking like it is all over for Team NZ. I don’t think this is an entirely bad thing. I’d love us to compete and win, but I just can not see it happening. There’s too much internal dysfunction, plus the rules are stacked against us. Time to move on.