America s Cup: What will happen to industries that surround the Cup if it leaves NZ? stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Team NZ boss Grant Dalton.
Photo: PhotoSport
The offer involved cash and in-kind support worth about $99 million.
Auckland Mayor Phil Goff said Aucklanders would be disappointed Team NZ was looking to move the next regatta overseas.
Team NZ wanted twice what was on offer, Goff said. That clearly was not sustainable in the post-Covid environment. While I understand Team New Zealand have to think about their commercial interests, I share Aucklanders disappointment that the Cup is looking like it is going overseas. Council invested $113 million in infrastructure for this year s successful America s Cup and made a huge effort to deliver it on time and on budget.
New Zealand Taxpayers’ Union spokesman Louis Houlbrooke says:
“This is sad news for America’s Cup fans, but good news for taxpayers and Auckland ratepayers. We just saved $99 million. That money can now go to more deserving causes: Pharmac, Police, nurses, roads, debt repayment, or even tax relief that puts food on the tables of hard-working New Zealanders.”
Content Sourced from scoop.co.nz
Hannah Peters/Getty Images
Team NZ head Grant Dalton, left, Glenn Ashby, and skipper Peter Burling returning with the America’s Cup in 2017. Minister of Economic Development Stuart Nash said it was disappointing a deal could not be reached. “At the end of the day the America’s Cup is a global commercial operation. It is an international business as much as a sporting contest,” he said in a statement. “The team is now free to look to commercial sponsors, private supporters, or other avenues to bankroll the operation. “Any subsequent request for Government support would have to be considered by Cabinet and I cannot confirm whether the Crown would consider making another offer.”
Local Matters - Auckland likely to lose America s Cup defence localmatters.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from localmatters.co.nz Daily Mail and Mail on Sunday newspapers.