sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery

 

Sail-World.com : America's Cup: Different players - but the arguments remain the same

America's Cup: Different players - but the arguments remain the same

'Two of the first backers of the new Team New Zealand, New Zealand Minister of Sport and the America’s Cup, Trevor Mallard, (left) holds the Louis Vuitton Cup with Bob Field Chairman of Toyota NZ'    Emirates Team New Zealand / Photo Chris Cameron ETNZ ©    Click Here to view large photo

Like many of the sailing media, Sail-World has a number of Google Alerts set up to advise of news on topics of interest. One of these is obviously the America's Cup, and into our email the other day popped this relic from 2003.

Readers will recall at the time of the recent Emirates Team NZ funding announcement that CEO, Grant Dalton advised, in little more than a quick sentence in a 40 minute presentation that one of the tentacles of the NZ Government, NZ Trade and Enterprise would again be one of the principal investors in the 2011-13 America's Cup campaign on the basis of a long-standing contract signed by the previous Government.

In the New Zealand Parliament in the run-up to the Emirates Team NZ announcement, Minister of Finance was put on the spot one Question Time, when asked if he was in favour of the $20-30 million that NZTE would stump up for the Challenge. English replied that he regarded it as a low grade spend and that if he he had his way the expenditure commitment would be dropped. However he triumphantly pointed out, he was barred from doing so because of a contract entered into by the previous then-Labour Government, and the Minister, Trevor Mallard.

(Mallard was a passionate Minister of Sport, did an excellent job, and had the foresight to ensure that the recreated Team New Zealand - following the 2003 Defence disaster - would be funded by NZTE for two campaigns.)

The following exchange during Question Time in 2005 started with a patsy question asked by a Labour MP of a Labour Cabinet Minister

America's Cup—Team New Zealand Funding

5. DAVID BENSON-POPE (NZ Labour—Dunedin South) to the Minister for the America's Cup: What were the factors that led to the Government’s decision to commit $5.6 million to Team New Zealand’s 2007 America’s Cup campaign?

Hon TREVOR MALLARD (Minister for the America's Cup) : Securing the team for a possible challenge from which New Zealand can leverage in 2007 was the main factor. We are confident that the next campaign will provide a chance to further develop and expand trade and tourism opportunities.

David Benson-Pope: Will the Government contribute further funding for this campaign?

Hon TREVOR MALLARD: The $5.6 million is an initial sum, and it will be a few months before we can confirm the final level of investment. We want to take time to consider the potential economic benefits that can be leveraged off a regatta in Europe. The final contribution will also depend on Team New Zealand’s ability to raise the vast majority of the funding from the private sector to mount a credible challenge.

Hon Murray McCully (Then Opposition, but now the current Minister of Sport): Has the Minister found it helpful in making these decisions to have available the economic study that was done of the 1999-2000 America’s Cup, which showed an economic benefit to New Zealand of $640 million, and is he prepared to make a copy of that report available to any members who have difficulty in understanding the reasons the Government is considering funding this matter?

Hon TREVOR MALLARD: Yes, yes, and did not Michelle do a better job on that than she did on other things?

Gerrard Eckhoff (ACT Party): Why has the Government put $5.6 million into a yachting regatta for billionaires, to ease their personal funding requirements, when the same amount could ensure 300 extra hip replacements to ease the genuine pain of those in real need?

Hon TREVOR MALLARD: Because the tax benefits that came from the last campaign, using those maths, would have provided for 6,000 hip replacements.


Maybe the same economic logic still applies for the 34th America's Cup Challenge?

After the Emirates Team NZ sponsorship announcement, last month, the focus of the general media was entirely on on the one sentence of Dalton's comments confirming the continued NZTE involvement, rather than the other 40 minutes of numerous sponsorship announcements and progress to date.

The National Government's stance, despite some very encouraging comments from Minister Jonathan Coleman, at the AC45 launch function in February, was one of apologetic embarrassment, as they advocated more financial cuts ahead of the 2011 Budget.

Now ex-Minister of Sport, and indeed ex-Minister of anything, Trevor Mallard, one of the most adept politicians in the NZ Parliament, jumped into the Media headlights, readily admitted to being guilty as charged over the two-Challenge agreement. And then proceeded to expand on its benefits for New Zealand - continuing the line expressed in Hansard (the official record of the NZ Parliament) six years before.

The America's Cup certainly makes some strange bedfellows.




by Richard Gladwell

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=84132

8:47 AM Mon 30 May 2011 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on
2013 America's Cup

Related News Stories:

27 May 2014  America's Cup: Oracle Team USA under stress
23 May 2014  America's Cup: Oracle and Team NZ designers reveal AC72 secrets
22 May 2014  America's Cup: Artemis death verdict 'result of an human act'
10 May 2014  A year after the Artemis incident, the sailors tell of the pain
01 May 2014  America's Cup: Oracle and Team NZ tech insights - Free lecture tonight
16 Apr 2014  America's Cup: Expected de Ridder penalty should be reduced
14 Apr 2014  America's Cup: Dean Barker's Blog - A sail with the Duke and Duchess
12 Apr 2014  America's Cup: Coutts claims ISAF Jury on a crusade, backs Kiwi report
10 Apr 2014  America's Cup: Two Kiwis escape hometown action in AC45 rules ruckus
03 Apr 2014  34th America's Cup: A Match of three weeks - Part 3 - Under the Pump
MORE STORIES ...

News - USA and the World



























America's Cup: Challenger calls Competitor Meeting ahead of deadline *Feature by Richard Gladwell Sail-World.com/nz,








































Formula 16 World Championship - Aussies claim title in Newport
Vestas Sailrocket 3 - The journey beckons
Clipper Round the World - London to provide emotional heroes welcome
ISAF Youth Worlds - Italians to lead RS:X fleet in Tavira
Vestas Sailrocket 3 - Over the Horizon
Foiling Week - Italian Moth Championship - Final results
NYYC Race Week - Yachting history on display
Rescued sailors reach shore after dramatic ocean rescue
Half Ton Classics Cup: Swuzzlebubble out front on Day 1 + Video
New York Yacht Club Race Week - Yachting history on display
Volvo Cork Week - Thrilling conditions welcome international fleet
Nacra 17 Europeans: Success for Italy's Bissaro and Sicouri
America's Cup: 2017 venue short-list reduced to two Cities
Formula Windsurfing Youth and Master Worlds overall
49er and 49erFX Europeans: Pitfalls aplenty on day 1 + Video
ISAF Youth Worlds - Laser Radial sailors look to join list of legends
Coville soon to chase solo circumnavigation record in giant trimaran
Fierce competition at the Meanline Fins Slalom Challenge
Volvo Ocean Race - Team Brunel opt for experienced winner
Bakewell-White supermaxi designed to take Transpac's Barn Door Trophy *Feature
Crew rescued by navy patrol from J/111 racer after Mayday in storm   
Team Alvimedica practice in Newport, RI - Photos   
18 foot skiff European Championship (Open Europeans) - Final results   
Nacra 17 European Championships - No action on day 1   
ISAF Youth Worlds - 29er and SL16 sailors prepare for battle + Video   
Volvo Ocean Race: Eight new crew members named by teams   
Volvo Ocean Race: New additions to Spanish team announced   
2014 Cape Panwa Hotel Phuket Raceweek - Phuket Island is ready to host   
PWA Awaza World Cup - Cyril Moussilmani and Delphine Cousin on top   
Foiling Week - Moth Class Italian Open Championship Day 2   
America's Cup: Luna Rossa foiling in AC45s at their Italian base   
Star World Championship - Germans claim dramatic win in Malcesine   
PWA Awaza World Cup - Down to the wire in Turkmenistan   
Route Halifax Saint-Pierre - Off to France!   
Nacra 17 Europeans - La Grande Motte back in Olympic classes arena   
Stena Match Cup Sweden - Hansen hat trick in Marstrand + Video   
Route Halifax Saint-Pierre Race keeps an eye on Arthur   
World Match Racing Tour: See the Finals replay at the Stena Match Cup   
Newport International Boat Show unveils exciting 'At The Helm' Program   
Stena Match Cup Sweden - First blood to Hansen over Canfield + Video   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL WAS US
LocalAds   DE  ES  FR  IT