Please select your home edition
Edition
Sailing Raceboats 2016/17 RS Feva 728x90

America's Cup- Team New Zealand fighting to stay in the Cup game

by Richard Gladwell Sail-World.com on 9 Jun 2014
Emirates Team New Zealand skipper Dean Barker, with his 2013 nemesis Jimmy Spithill in the background Carlo Borlenghi/Luna Rossa http://www.lunarossachallenge.com
Emirates Team NZ's CEO, Grant Dalton, responded to taunts made on the NZ TV breakfast shows on Friday in an hour long radio interview on NewstalkZB.

Last Friday, in his comments on NZ prime time breakfast TV, Oracle Team USA skipper, Jimmy Spithill, said that if Team NZ were finding it difficult to run a campaign for less money that was spent in the 34th America's Cup, then they needed new management. Spithill added that he knew of several people, who were winners, who could step into the shoes of the current management.

Earlier when launching the Protocol for the 35th America's Cup, Oracle Team USA produced a promotional video which featured comments from several challengers, but not Team New Zealand.

Dalton said on Sunday that omission was a deliberate ploy. 'We're not going to blow smoke up Oracle's ass', was his retort.

In response to claims that the latest Protocol was more commercial than those that had gone before, Dalton commented that there was nothing new in the Protocol in terms of commercial ideas, and that all had been tried before.

Responding to jibes from Spithill as to the amount Team New Zealand management and others were earning, Dalton put an 'educated guess' on Spithill's annual income from Oracle Team USA at 3-5 million dollars per year.

'Dean Barker earns a fraction of that,' Dalton added. He also outlined the office and management staff employed by Team NZ, saying that only he and COO Kevin Shoebridge were on a full time basis, there were others in the sailing, design and support teams, who were on modest retainers. He also said that wing trimmer, Glenn Ashby, had received a substantial offer from Team Australia to join the Challenger of Record.

Continuing down the theme that the Protocol was yet another attempt by Oracle Team USA to break up Team NZ, Dalton questioned why the Protocol had been loaded so heavily with USD3million of Performance Bonds and Entry Fees, all payable before December 31, 2014 - well before even the America's Cup World Series gets underway, and for which venues and dates have not yet been announced.

Dalton believed that was a move to strike at Team New Zealand's weakest point - being a lack of sponsorship income before 2015, and hitting at their ability to operate financially until that money came on stream. Dalton added that at this stage of the campaign Team New Zealand was in a better long term position, than it had ever been to secure sponsors for the next America's Cup. 'But I don't know whether we can even make it to next year', he said.

However the team had to survive financially until those commitments could be realised.

It was revealed on Sunday, in a morning television interview, that the team had already approached the NZ Government last Thursday looking for additional funding through its Trade and Enterprise arm, however the Minister, Steven Joyce, said that was unlikely to be forthcoming, and they were looking to private sponsors and the marine industry to step up and see the team though the immediate period. The team has already provided NZTE with a detailed business plan and funding proposal for the next America's Cup. Dalton commented that the team were providing NZ Trade and Enterprise with very detailed budgets and payments made against those budgets, including individual salaries and other expenses, 'right down to the last paperclip', Dalton remarked.

It has been well publicized that Team New Zealand would run out of the initial funding at the end of June, and the Board is addressing that situation. One of the discussions that was underway was a bank loan, secured against private assets, with the interest being covered as a sponsorship arrangement.

Currently. the team was going through the Protocol is a very detailed way to determine whether it was not so heavily stacked as to be not winnable by Team, and Dalton said they would not enter if that was believed to be the situation.

The full broadcast can be head by clicking here

Entries for the 35th America's Cup open today, June 9th, 2014 and close in early August 2014.

Barz Optics - Melanin LensesWildwind 2016 660x82Pacific Sailing School 660x82 1

Related Articles

It’s all moving on…
The starting point was seeing that Phaedo3 had taken Line Honours in the Newport Harbour YC Cabo Race. The starting point was seeing that Phaedo3 had taken Line Honours in the Newport Harbour YC Cabo Race. I am still thinking about Miles Seddon’s great material about what is like on board from So What’s It Really like? True, he was not there for this run down the West coast of the North American landmass, but it is a little akin to his ‘spray back vortex’, the vacuum caused by the incredible feats
Posted on 20 Mar
MYC Helly Hansen Women's Challenge 2017 - Crosbie Lorimer Images
In what is fast becoming a tradition, the Manly Yacht Club Helly Hansen Women's Challenge keelboat races started off In what is fast becoming a tradition, the Manly Yacht Club Helly Hansen Women's Challenge keelboat races started off in wet weather today (Sunday), before clearing to a fine afternoon. The fleet of 23 yachts enjoyed moderate 15-18 knot east nor'easterlies for their harbour course. Little Nico, skippered by Sonja Walters, with Katie Spithill at the helm, relished the downwind running
Posted on 19 Mar
New Pacific 52 class makes its debut in San Francisco
The first of two new-build Pacific 52's from Auckland's Cookson Boats is now sailing in San Francisco. The first of two new-build Pacific 52's from Auckland's Cookson Boats is now sailing in San Francisco. Invisible Hand for San Francisco's Frank Slootman replaces his earlier RP63 of the same name. She will soon be joined by a second Cookson build, Bad Pack (Tom Holthus) from the same moulds. A third, RIO 52 is for RIO 100 supermaxi owner Manouch Moshayedi.
Posted on 18 Mar
Securely moored to the quay, or cast adrift?
With boating, you have to cast the lines off in order to go and get into it. With boating, you have to cast the lines off in order to go and get into it. However, when it comes to your insurer, you kind of expect that they’re going to be as bound to you as the standing rigging is to the mast, the ring frames to the hull, or the engine mounts to the runners, and the propellers to the shafts, skegs and cutlass bearings. Whom would you rather be insured with?
Posted on 15 Mar
So what’s it really like?
For ages now, these editorials have talked about multihull this, record that, outrageous boat speed and 24-hour runs For ages now, well it seems like that anyway, these editorials have talked about multihull this, record that, outrageous boat speed and incredible 24-hour runs. In their own very unique way they totally represent the technical avant-garde, and thank God for that. Where would we be without their impressive shapes, wonderful rigs, and now of course, foiling magic.
Posted on 6 Mar
America's Cup - Emirates Team NZ give first look at the pedaling AC50
Emirates Team New Zealand formally christened their new AC50 America's Cup Challenger on a rainy Auckland afternoon. Emirates Team New Zealand formally christened their new AC50 America's Cup Challenger on a rainy Auckland afternoon. The team has been sailing for the previous two days making news headlines after it was revealed in Sail-World.com that the AC50 would become only the second yacht in America's Cup history to use pedal power.
Posted on 16 Feb
America's Cup - Kiwis sign Olympic Cyclist for the Tour de Bermuda
Ttop cyclist Simon van Velthooven, a 2012 Olympic Bronze cycling medallist had been signed by the America's Cup team Emirates Team New Zealand put in a second foiling display on Auckland's Waitemata harbour ahead of the official launching of their AC50 tomorrow. With brighter skies the cycling team took their places on the pedalstals and used leg power to provide the hydraulic pressure necessary to run the AC50's control systems for the foils and wingsail.
Posted on 15 Feb
Rolex Sydney Hobart Yacht Race - Suck it up, sunshine!
The 72nd start of the iconic blue water classic had 300,000 spectators lining the foreshores of Sydney Harbour The 72nd start of the iconic blue water classic had 300,000 spectators lining the foreshores of Sydney Harbour, another two million watching on TV, and the constant buzz and whir of media helicopters overhead. 88 boats, from Australia, USA, UK, Germany, Sweden, Russia, Japan, Korea, China, oh and New Zealand, had lined up on three start lines.
Posted on 31 Dec 2016
Rolex Sydney Hobart Race - More merriment on the airwaves
Here are more examples of merriment on the airwaves between the boats and Hobart Race Control So on December 29, 2016, after the River Derwent had let just three boats home (Perpetual Loyal, Giacomo and Scallywag, all inside the old race record, she went to sleep for a lot of the day. This made it frustrating for the sailors, some of whom saw the lighter side. So after seeing some of those in Dark & Stormy, here are more examples of merriment on the airwaves between the boats and HRC
Posted on 29 Dec 2016
Sydney Hobart Race-Dark and stormy, well because it is Dark and Stormy
Proving that there is a lighter side to the frustrations that is a race to Hobart Well it is now dark and the rain 'storms' have passed, but proving that there is a lighter side to the frustrations that is a race to Hobart, the custom Murray 37, Dark & Stormy had a wonderful exchange on the radio. Quite possibly it was co-owner and Navigator Terry Courts on the VHF in the super-frank exchange with Hobart Race Control at around 1928hrs on 29/12/16.
Posted on 29 Dec 2016