New Zealand Confirm America’S Cup Return After Securing Funds

iSportConnect - Sailing

New Zealand has confirmed there will be a team in the 35 th America’s Cup in 2017 after the team secured the finances to compete.

The Emirates Team New Zealand’s participation in the event had been thrown into doubt after reports surfaced that raising funds had been difficult and that the government was not willing to contribute.

However, the team has now said that sufficient private and sponsorship funding had been secured for them to partake in the next stage, despite the lack of government assistance.

Chief Executive Grant Dalton said in a statement: “The funding support for the team that has coalesced over the past week means we can continue the design and engineering development, and keep racing, until main sponsorship funds begin to flow.”

He also confirmed that designers and engineers were working on the software needed for the next challenge.

Read full article at iSportConnect - Sailing

Latest Sailing News
» Alinghi Overcomes Crash To Win Extreme Sailing Series Madeira
Scuttlebutt Sailing News
» Victory To Artemis Racing Amid Carnage At Rc44 Cascais Cup
Scuttlebutt Sailing News
» British Team Wins Blind Match Racing Worlds
Scuttlebutt Sailing News
» Norauto Wins Gc32 La Reserva De Sotogrande Cup
Scuttlebutt Sailing News
» Sailing World Cup: Medal Moments In Qingdao
Scuttlebutt Sailing News
» Rs Aerocup On Lake Garda - Day 2
» Sailing Champions League Final - Day 3
» Rc44 Cascais Cup Cascais Por Day 3
» Imoca Open 60 Défi Azimut 2016 Lorient Fra
» Olympic Worldcup 2016 Qingdao Chn Day 5