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Ainslie s Team INEOS UK Continue Winning Streak in Prada Cup Day Two

Ainslie s Team INEOS UK Continue Winning Streak in Prada Cup Day Two 16th January 2021 The British challenger INEOS TEAM UK again surprised many by winning their third race in a row Credit: COR36/ Studio Borlenghi A tricky and yet revealing day for the Challengers competing in the America s Cup PRADA Cup Round Robins due the to the tricky light wind conditions that frequently forced the AC75’s off their foils. A positive day for the Challenger of Record of Luna Rossa Prada Pirelli as the Italians took a nerve-wracking win against American Magic on the first race of the day to lodge their first point on the board.

PRADA Cup Round Robin Day 2 - A day of ups and downs in wind, foils and points

Team New Zealand and Ministry of Business Innovation & Employment settle America s Cup dispute

Team New Zealand and Ministry of Business Innovation & Employment settle America s Cup dispute 22 Dec, 2020 03:43 AM 3 minutes to read NZ Herald Correction: A report in the New Zealand Herald on December 23 incorrectly stated the Government contributed taxpayer funds towards Team New Zealand for the America s Cup campaign totalling more than $100 million, as well as $40 million to America s Cup Event Ltd to run the international regatta. This is incorrect. The Government is spending $136.5 million on the America s Cup. The Government s total spend includes a host fee of $40 million, which was given in tranches to organisers America s Cup Event Ltd, as well as more than $20 million to infrastructure on Auckland s waterfront. The Government gave Team NZ $5m in 2017 soon after it won the Cup in Bermuda. We apologise for the error.

America s Cup: America s Cup Class Rule agreed to be a legitimate event cost

Emirates Team New Zealand s base in Auckland s Viaduct Harbour © Richard Gladwell The long standing and at time bitter public wrangle over the AC75 class rule cost has been resolved, and America s Cup Event Ltd and its CEO and Directors, Grant Dalton, Tina Symmans and Greg Horton have been exonerated. A media release issued Tuesday afternoon confirms the Ministry of Business, Innovation and Economic Development (MBIE), Emirates Team New Zealand (ETNZ) and America s Cup Event Ltd (ACE) have met today in a mediation setting to resolve issues regarding whether the creation of the Class Rule for the America’s Cup was an Event Cost under the Host Venue

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