Please select your home edition
Edition
Marine Resource 2016

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

by Richard Gladwell Sail-World.com/nz 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.

PredictWind.com 2014Zhik Yachting 660x82Barz Optics - Floaters

Related Articles

The Great Dane dies at 88 + Video
One of the heroes of sailing, Paul Elvstrøm (DEN) has died at the age of 88 years. One of the heroes of sailing, Paul Elvstrøm (DEN) has died at the age of 88 years. Known as the Great Dane, and winner of four Olympic Gold Medals, and many world championships in multiple classes from dinghies to keelboats, Elvstrøm put a footprint on the sport like no other.
Posted on 7 Dec
A Q&A with Olympic champ Malcolm Page about his new job at US Sailing
I recently talked with Malcolm Page, US Sailing’s newly hired Chief of Olympic Sailing, to learn more about his new job. Malcolm Page (AUS; 44) is a hyper-talented Men’s 470 sailor who won two Olympic gold medals (2008 and 2012) sailing with two different skippers, as well as seven World Championship titles, and who has long studied under the legendary Ukrainian coach Victor Kovalenko. I recently talked with Page, who was just hired as US Sailing’s new Chief of Olympic Sailing, to learn more about his new job.
Posted on 5 Dec
America's Cup - Kiwi lodges Appeal against Jury in San Francisco Cup
Former Oracle Team USA crew member, Matthew Mitchell (NZL) has lodged an Appeal against a Decision to dismiss his case Former Oracle Team USA crew member, Matthew Mitchell (NZL) has lodged an Appeal against a Decision to dismiss his case taken against the International Jury for the 34th America's Cup in San Francisco. On October 28, 2016, US District Judge Vince Chhabria dismissed Mitchell's claim against the five-person International Jury on the basis that it was lodged too late.
Posted on 2 Dec
A Q&A with Nick Bice about the recent changes for the 2017/2018 VOR
I caught up with Nick Bice, the VOR’s director of boats and maintenance, to learn more about the VOR’s new directions. I recently had the pleasure of hearing Nick Bice, the Volvo Ocean Race’s director of boats and maintenance, deliver a keynote speech to an audience of marine-industry professionals and official Volvo Ocean Race suppliers at the 2016 METS trade show in Amsterdam. I caught up with Bice after his presentation to learn more about the new directions that the race is taking for its thirteenth edition.
Posted on 28 Nov
A Q&A with Sharon Green about the prep work that ensures great images
I talked with ace photographer Sharon Green to learn more about the prep work that goes into each image that she snaps. I caught up with ace photographer Sharon Green at the 2016 Alcatel J/70 Worlds to learn more about the behind-the-scenes preparation work that goes into each image that she snaps. While some of Green’s tips are specific to professional shooters (e.g., helicopter time or juggling multiple camera bodies), plenty of amateur lensmen will be well served to consider Green’s racecourse-proven tips.
Posted on 23 Nov
Dockside with CQS - radical, revamped supermaxi up close
The revamped supermaxi CQS is currently in Auckland's Silo Marina, ahead of her first race on Friday The revamped supermaxi CQS is currently in Auckland's Silo Marina, ahead of her first race on Friday - the White Island Race which will double as Rolex Sydney Hobart Qualifier. Originally the 90ft Nicorette designed by South African Alex Simonis, the new project to upgrade to a 100ft supermaxi has been led by Brett Bakewell-White (NZ) and Bakewell-White Yacht Design.
Posted on 22 Nov
Gladwell's Line - President Croce caught at helm in Perfect Storm
No real surprise that incumbent President Carlo Croce (ITA) was unseated mid-way an eight-year term After a year or more punctuated with issues that should not have happened, it is no real surprise that incumbent President Carlo Croce (ITA) was unseated mid-way through what should have been an eight-year term. Also gone is one of his lieutenants, Chris Atkins (GBR) as Vice President, who remarkably polled 13th out of the 15 candidates.
Posted on 15 Nov
Gladwell's Line -The America's Cup settlement deal
The 'News' today that Emirates Team New Zealand has won their case before the Arbitration Panel is not news The 'News' today that Emirates Team New Zealand has won their case before the America's Cup Arbitration Panel is not new - Sail-World reported the same story in the first and second weeks of September. The Hearing on the amount of compensation to be paid is yet to be held. So far we have been unable to discover a date if indeed one has been set. Maybe next year?
Posted on 11 Oct
Debriefing the 2016 J/70 Worlds with Winning Skipper Joel Ronning
I talked with Joel Ronning after the 2016 Alcatel J/70 Worlds to learn about his team’s win at this high-level regatta. Since its inception in 2012, the J/70 has become the most popular One Design boat in decades, with 1,100+ boats sailing in myriad countries. Some 68 boats from 15 countries arrived on San Francisco Bay last week to determine bragging rights at the 2016 Alcatel J/70 Worlds. I caught up with Joel Ronning to learn more about the Catapult team’s road to becoming the 2016 J/70 World Champions.
Posted on 5 Oct
Rio 2016 - America's Cup champ says Paralympic racing is closest ever
Twice America’s Cup champion, Rick Dodson is extremely impressed with the standard of racing in the three man Sonar Twice America’s Cup champion, Rick Dodson is extremely impressed with the standard of racing in the three man Sonar keelboat class at the 2016 Paralympics in Rio de Janeiro. The regatta is being held in Guanabara Bay on three of the courses used for the Olympic Sailing Regatta in August.
Posted on 13 Sep