No Minister


Emirates Team New Zealand has bailed on a home defence along with Auckland and the Gumblemint in the funding charade..

The links to NZ have just become so tenuous that the beneficiaries who umbrella under that tiny link there just might be a small chance if another raid from an Alinghi entity making offers the sailers cannot ignore, put the whole shebang on the market and see what of the gazillions rate payers and taxpayers have been forced to spend can be retrieved in the sale.

Any sectors of yachting and boat building/refurb can bid for all or part if it is such a valuable opportunity.

Yes it has generated local wealth as demonstrated by the current wealth and material advances by certain people closely connected to the action but it is harder to ascertain such benefits for the poor buggers forced to finance the Facade under legislative duress.

Written by Gravedodger

June 16, 2021 at 12:58 pm

Posted in New Zealand

2 Responses

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  1. The links to NZ are not tenuous. The holders have an NZ crew, an NZ built boat and NZ management. The chief designer is a pom and the main sponsors are mostly offshore. The international kudos for winning and retaining the cup is 100% to NZ.

    They don’t have the money to hold the defense in NZ. Therefore they can take someone else’s money to host the defense elsewhere, keep the team together and remain “TeamNZ” just as much as they were TeamNZ challenging in Bermuda.

    Or, they can fall on their faces with an under resourced challenge in NZ. They are perfectionists and winners so have rejected that option.

    It’s a shame. It is reality. The alternative is worse.

    John JohnO

    June 16, 2021 at 2:06 pm

  2. “Put the whole shebang on the market”. Who is selling what?
    The taxpayers and ratepayers don’t own it. So have nothing to sell.
    Probably RNZYS has no ownership interest, so they also have nothing to sell.
    The “shebang” is almost certainly owned by an entity controlled and owned by Team NZ. It seems that they are following their own commercial interest, in short selling their “shebang” or at least the hosting rights.


    June 16, 2021 at 5:21 pm

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