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Emirates Team New Zealand Managing Dir Wants To Cut Cost For America's Cup Entrants
Published June 13, 2013
Emirates Team New Zealand's Managing Dir Grant Dalton "has vowed to invoke a nationality clause and slash the costs of competing" by around 50% if Team New Zealand win the America's Cup sailing competition in San Francisco this year, according to Dana Johannsen of the NEW ZEALAND HERALD. The winners of the cup not only earn hosting rights, "they also control the rules of the regatta." Dalton said that "there are two major changes that need to be made." Dalton: "We stand for nationality rule and we stand for real budget numbers that real people can raise." Dalton said that "a nationality clause is needed to make it a genuine country versus country battle, rather than pitting billionaire against billionaire." The only way to attract more int'l entrants "is to significantly reduce the costs of competing" (NZ HERALD, 6/12).